$2,500,000 - 1392 East 18th Street, Midwood, New York 11230｜ID # 500863
| ID # | 500863 |
| Details | 6 fam, 13 bed, 8 bath, 2 half bath, Lot Size: 0.07 acres, Interior: 6496 ft2, 603m2, Building has 4 floors (DOM): 140 days |
| Construction Year | 2007 |
| Taxes (per year) | $47,962 |
| Basement | Finis |
| Bus | 2 min: B9, BM3 |
| 3 min: B49 | |
| 7 min: B68 | |
| 8 min: B7, B82 | |
| 9 min: BM1, BM4 | |
| Subway | 3 min: B, Q |
| LIRR | 4.3 miles: "Nostrand Avenue" |
| 4.7 miles: "Atlantic Terminal" | |
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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.
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