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
$2,486,700 Zestimate®
$945/sqft
$-- HOA
What's special
Two-family residenceTwo-family detached home
- 190 days |
- 42 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: December 26, 2025 at 03:20am
Listing 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: $1,397,000
- Annual tax amount: $11,500
- Date on market: 9/10/2025
- Cumulative days on market: 191 days
- Total actual rent: 0
Estimated market value
$2,486,700
$2.36M - $2.61M
$2,952/mo
Price history
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
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 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
BuyAbility℠ 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.
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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
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