1355 18Th StBrooklyn, NY 11230

This exceptional investment opportunity presents a six-story, 88-unit apartment building located at 1355 East 18th Street in the Midwood neighborhood of Brooklyn, New York. Built in 1961, the property boasts a substantial 103,487 square feet and sits on a lot zoned R6. The asking price is $14,250,000, translating to a price per square foot of $137.70 and a price per unit of $161,932. The building's strong financial performance is evident in its impressive Net Operating Income (NOI) of $893,475, yielding a 6.27% capitalization rate. This represents a compelling return on investment for discerning buyers. The property's size and unit count offer significant potential for future appreciation and income growth. Its location in the desirable Midwood neighborhood provides access to a thriving community with ample amenities and convenient transportation links. This is a rare chance to acquire a well-established, high-performing multifamily asset in a prime Brooklyn location. The property's solid history and strong financial metrics make it an ideal addition to any portfolio. Detailed financial statements are available upon request. The property's zip code is 11230.