1392 E 18th St Brooklyn, NY 11230
Midwood NeighborhoodEstimated payment $17,527/month
Highlights
- Wood Flooring
- 4-minute walk to Avenue M
- Private Driveway
- Multiple cooling system units
- Hot Water Heating System
- 5-minute walk to Kolbert Playground
About This Home
A rare fully vacant 6-family in the heart of Midwood — set your rents at market rate from day one. Built in 2007 on a 30x100 lot, this well-maintained brick building offers a diversified unit mix of four 1-bed/1-bath apartments and two oversized 4-bed/2.5-bath duplexes, with hardwood floors throughout, full kitchens, on-site laundry, and three private rear parking spots. Projected gross income of $211,200/year (~8.4% gross yield) with no inherited leases, no holdovers, and no below-market rents to work through. Modern 2007 construction means lower capital expenditure and cleaner books from the start. Ideal for 1031 exchange buyers, multifamily investors, or an owner-occupant ready to live in one of the large duplexes while collecting income from five units.
We have all floor plans. reach out to request.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $47,962
Year Built
- Built in 2007
Lot Details
- 3,000 Sq Ft Lot
- Lot Dimensions are 100 x 30
- Back Yard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 6,496 Sq Ft Home
- 4-Story Property
- Window Treatments
- Washer
- Finished Basement
Kitchen
- Stove
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 13 Bedrooms
Parking
- 3 Parking Spaces
- Private Driveway
Utilities
- Multiple cooling system units
- Central Air
- Hot Water Heating System
- Heating System Uses Gas
- 220 Volts
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 6746
Community Details
Building Details
- 6 Vacant Units
- Insurance Expense $3,400
- Gross Income $191,670
Additional Features
- 6 Units
- Secure Lobby
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $48,197 | $553,950 | $76,500 | $477,450 |
| 2025 | $46,710 | $461,700 | $76,500 | $385,200 |
| 2024 | $46,710 | $384,750 | $76,500 | $308,250 |
| 2023 | $34,448 | $357,300 | $76,500 | $280,800 |
| 2022 | $24,574 | $446,850 | $76,500 | $370,350 |
| 2021 | $15,894 | $525,600 | $76,500 | $449,100 |
| 2020 | $8,070 | $576,000 | $76,500 | $499,500 |
| 2019 | $2,541 | $552,600 | $76,500 | $476,100 |
| 2018 | $2,584 | $266,113 | $33,166 | $232,947 |
| 2017 | $2,585 | $246,402 | $36,235 | $210,167 |
| 2016 | $2,620 | $228,150 | $39,456 | $188,694 |
| 2015 | $2,047 | $228,150 | $47,357 | $180,793 |
| 2014 | $2,047 | $221,079 | $44,636 | $176,443 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2026 04/27/26 | For Sale | $2,500,000 | -- | $385 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 500863
APN: 06746-0037
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Ask me questions while you tour the home.