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 mother-daughter setup, or A two-unit investment property with strong rental potential. Located on a quiet, tree-lined block, yet steps 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.
In contract
$2,699,000
1663 E 18th St #1-2, Brooklyn, NY 11229
6beds
2,856sqft
Multi Family
Built in 1920
-- sqft lot
$2,546,400 Zestimate®
$945/sqft
$-- HOA
What's special
- 207 days |
- 34 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: December 26, 2025 at 08:52am
Listing by:
Exclusive Properties Realty Inc 718-916-4618,
Alevtina Ioffe,
Juda Niayzov
Source: StreetEasy,MLS#: S1789540
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Interior area
- Total structure area: 2,856
- Total interior livable area: 2,856 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Details
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1920
Community & HOA
Community
- Subdivision: Homecrest
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $945/sqft
- Annual tax amount: $11,496
- Date on market: 9/10/2025
Estimated market value
$2,546,400
$2.42M - $2.67M
$3,885/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/26/2025 | Contingent | $2,699,000$945/sqft |
Source: StreetEasy #S1789540 Report a problem | ||
| 9/11/2025 | Listed for sale | $2,699,000$945/sqft |
Source: StreetEasy #S1789540 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.Monthly payment
Estimated monthly payment
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: 0.3 mi
- 4/10James Madison High SchoolGrades: 9-12Distance: 0.4 mi
Local experts in 11229
- New York
- Kings County
- New York
- 11229
- Brooklyn
- Sheepshead Bay
- 1663 E 18th St Unit 1-2






