PRICE REDUCTION This package consists of two side by side four family properties, with a shared driveway, and lots up of upside potential. THIS IS A PACKAGE DEAL WITH THE ADJACENT PROPERTY (1362). TOGETHER THE TWO PROPERTIES ARE 6600SF (total). 1362 & 1368 COMBINED ASKING PRICE: $2.4M Currently this property cashflows at ~2% cap rate. The proforma metrics for this property could yield and investor ~6.2% cap rate after improvements are done. This is your chance to own two adjacent free market 4 family properties. ***Properties will be delivered with tenants in place - 1 unit currently vacant ***Please Inquire for a financial setup.
Off market
Zestimate®
$1,578,000
1368 E 18th St, Brooklyn, NY 11230
6beds
3,300sqft
MultiFamily
Built in 1931
-- sqft lot
$1,578,000 Zestimate®
$478/sqft
$3,563 Estimated rent