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.
Pending
$2,699,000
1663 E 18th St, Brooklyn, NY 11229
--beds
2,856sqft
Multi Family
Built in 1920
-- sqft lot
$2,495,400 Zestimate®
$945/sqft
$-- HOA
What's special
Two-family residenceTwo-family detached home
- 268 days |
- 20 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Exclusive Properties Realty In 718-916-4618,
Alevtina Ioffe 718-916-4618,
Juda Niayzov 347-546-5688,
Exclusive Properties Realty In
Source: BNYMLS,MLS#: 495652
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood
- Basement: Unfinished
Interior area
- Total structure area: 2,856
- Total interior livable area: 2,856 sqft
Property
Parking
- Total spaces: 2
- Parking features: Shared Drive, 2 Spaces
- Has uncovered spaces: Yes
Lot
- Size: 4,000 Square Feet
- Dimensions: 40x100
- Features: Back Yard, Front Yard, Irregular Lot
Details
- Parcel number: 067810059
- Special conditions: Arm's Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Block
- Foundation: Block
- Roof: Shingle
Condition
- Year built: 1920
Utilities & green energy
- Electric: 110 V
Community & HOA
Community
- Subdivision: Brooklyn
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $945/sqft
- Tax assessed value: $1,314,000
- Annual tax amount: $11,500
- Date on market: 9/10/2025
- Cumulative days on market: 269 days
- Total actual rent: 0
Estimated market value
$2,495,400
$2.37M - $2.62M
$2,963/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/26/2025 | Pending sale | $2,699,000$945/sqft |
Source:  BNYMLS #495652 Report a problem | ||
| 9/10/2025 | Listed for sale | $2,699,000-1.9%$945/sqft |
Source: BNYMLS #495652 Report a problem | ||
| 8/29/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/31/2025 | Listed for sale | $2,750,000$963/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,945 +3.9% | $78,840 -5.9% |
| 2024 | $11,499 | $83,820 -7.1% |
| 2023 | -- | $90,240 +8.7% |
| 2022 | -- | $82,980 +12.4% |
| 2021 | -- | $73,800 +0.2% |
| 2020 | $10,618 +5.1% | $73,680 |
| 2019 | $10,099 +7.3% | $73,680 +63.7% |
| 2018 | $9,416 +8.8% | $45,010 +6% |
| 2017 | $8,657 +4.2% | $42,466 |
| 2016 | $8,304 | $42,466 +1.6% |
| 2015 | $8,304 +80% | $41,803 +5.1% |
| 2014 | $4,612 | $39,759 +6% |
| 2013 | -- | $37,509 +6% |
| 2012 | -- | $35,389 |
| 2011 | -- | $35,389 +1.6% |
| 2010 | -- | $34,836 +5.1% |
| 2009 | -- | $33,133 +6% |
| 2008 | -- | $31,258 +6% |
| 2007 | -- | $29,491 |
| 2006 | -- | $29,491 +1.6% |
| 2005 | -- | $29,030 +5.1% |
| 2004 | -- | $27,611 +6% |
| 2003 | -- | $26,049 +6% |
| 2002 | -- | $24,576 |
| 2001 | -- | $24,576 +1.6% |
| 2000 | -- | $24,192 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Sheepshead Bay
Nearby schools
GreatSchools rating
- 7/10Ps 255 Barbara Reing SchoolGrades: K-5Distance: 0.4 mi
- 7/10Jhs 234 Arthur W CunninghamGrades: 6-8Distance: 0.4 mi
- 4/10James Madison High SchoolGrades: 9-12Distance: 0.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Kings County
- New York
- 11229
- Brooklyn
- Sheepshead Bay
- 1663 E 18th St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other New York Topics
