$2,699,000
PENDING

1663 E 18th St Brooklyn, NY 11229

Homecrest Neighborhood

Estimated payment $14,988/month

Total Views 1,350
-- Bed
2 Baths
2,856 Sq Ft
$945 Price per Sq Ft

Highlights

  • Wood Flooring
  • 3-minute walk to Kings Highway (B,Q Line)
  • Back and Front Yard
  • P.S. 197 Kings Highway Academy (The) Rated A-

About This Home

Prime Development & Investment Opportunity in Homecrest / Sheepshead Bay! Welcome to 1663 East 18th Street, a two-family detached home situated on a 40 x 100 lot in one of Brooklyn’s most desirable neighborhoods. Zoned R4-1, the property offers incredible flexibility for builders and developers looking to maximize its potential with new construction, expansion, or a custom build. For end-users or investors, the home is currently configured as a two-family residence, making it an excellent income-producing property. With some modern updates, this home can easily serve as: A family residence with rental income, A two-unit investment property with strong rental potential. Located on a quiet, tree-lined block, yet minutes away from Kings Highway shopping, dining, and the B/Q subway lines, this property combines neighborhood charm with unmatched convenience. Whether you’re a builder seeking a prime development site or a buyer looking to create your dream home while generating income, this property delivers outstanding value.

Listing Agent

Alla Ioffe

Exclusive Properties Realty In Listed on: 09/10/2025

Co-Listing Agent

Juda Niayzov

Exclusive Properties Realty In

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,500

Year Built

  • Built in 1920

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 100 x 40
  • Irregular Lot
  • Back and Front Yard

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,856 Sq Ft Home
  • Wood Flooring
  • Unfinished Basement

Parking

  • 2 Parking Spaces
  • Shared Driveway

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6781

Community Details

Overview

  • 2 Units

Building Details

  • 2 Vacant Units
  • Fuel Expense $1,000
  • Utility Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,500

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Basement Amenities: Unfinished
  • Total Bathrooms: 2.00
  • Borough: Brooklyn
  • Co List Office Mls Id: 119830
  • Co List Office Phone: (718) 916-4618
  • Confirmed By M L S Y N: Yes
  • Cross Street: Kings Hwy
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Hot Air
  • Number Of Available Units: 2
  • Number Of Families: 2
  • Parking Attributes: 2 Spaces
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window
  • Fill Sq Ft Total: 2856
  • Street Name I D X: 18th
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Flooring: Hardwood
  • Lot Sq Ft: 4000

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Detached
  • Construction Type: Block
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 59
  • Roof: Shingle

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 1000.00

Lot Info

  • Lot Size Irregular: Yes
  • Lot Size Length: 100
  • Lot Size Width: 40

Tax Info

  • Flip Tax Amount: 11500.00

Multi Family

  • Unit Count: 2
  • Annual Utility Expenses: 1000.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2025 $11,499 $78,840 $26,220 $52,620
2024 $11,499 $83,820 $26,220 $57,600
2023 $10,969 $90,240 $26,220 $64,020
2022 $10,173 $82,980 $26,220 $56,760
2021 $10,724 $73,800 $26,220 $47,580
2019 $9,980 $73,680 $26,220 $47,460
2018 $9,175 $45,010 $16,515 $28,495
2017 $8,657 $42,466 $16,540 $25,926
2016 $8,489 $42,466 $19,211 $23,255
2015 $4,612 $41,803 $17,735 $24,068
2014 $4,612 $39,759 $14,343 $25,416
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2025 09/10/25 Pending -- -- --
09/10/2025 09/10/25 For Sale $2,699,000 -- $945 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 495652

Brooklyn Board of REALTORS®

APN: 06781-0059

New York Kings County Brooklyn 11229 Homecrest

1663 E 18th St, Brooklyn, NY

Pending

MultiFamily

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Alla Ioffe
Listing Agent
Alla Ioffe
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Exclusive Properties Realty In
(718) 568-7326