601 18Th StBrooklyn, NY 11218

For Sale
$2,150,000

Brooklyn Multifamily, Bank-Owned

Overview

Added:
Dec 11, 2024
Days on market:
94
This bank-owned, two-story apartment building in Brooklyn's desirable Windsor Terrace neighborhood presents a compelling investment opportunity. The 2,496 square foot property, built in 1931, features four units, each with a price point of $537,500. The building boasts eight bedrooms and four bathrooms, offering ample space for residents. The robust brick exterior promises durability, while the interior presents significant renovation potential. A spacious basement provides additional storage or potential living space. The 2,003 square foot lot (20' x 100') offers possibilities for outdoor enhancements. Located in R5B zoning, this property is conveniently situated near Prospect Park, public transportation (including Atlantic Terminal), and local amenities like the Flatbush Food Co-op. The property's strong rental potential makes it an attractive option for both families and investors seeking a return in a sought-after Brooklyn location. The asking price is $2,150,000, reflecting a price per square foot of $861.38. This is a rare chance to acquire a multifamily property in a prime Brooklyn location with significant upside potential.

Highlights

  • $2,150,000 asking price for a four-unit apartment building.
  • Bank-owned foreclosure in prime Windsor Terrace, Brooklyn location.
  • 2,496 square feet, two stories, built in 1931.
  • Four units, each priced at $537,500, with eight bedrooms and four bathrooms total.
  • 2,003 square foot lot zoned R5B.

Property Details for 601 18Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
2,496 SF
Year Built
1931
Stories
2
Units
4

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.655672498752
Longitude
-73.97947382053
601 18Th St, Brooklyn, New York

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601 18Th St
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