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.
Multi-familyProperty Type
1920Year Built
4,000 sq ftLot Size
$847Price/Sq.Ft.
2 spacesParking
Listing by Alevtina Ioffe• Exclusive Properties Realty In
Listing by Juda Niayzov• Exclusive Properties Realty In
Bought with Yeugene Atayan• RE/MAX Real Estate Professiona
Bought with Yeugene Atayan• RE/MAX Real Estate Professiona
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.
BNYMLS #495652
Jun 16, 2026
Sold
$2,420,000
$847/sq ft
Dec 26, 2025
Pending
—
Sep 10, 2025
Listed
$2,699,000
$945/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$12,134 (+2.8%)
$26,220 + $42,420
$68,640
2025
$11,799 (+2.6%)
$26,220 + $42,420
$68,640
2024
$11,499 (+4.8%)
$26,220 + $52,620
$78,840
2023
$10,969 (+7.8%)
$26,220 + $57,600
$83,820
2022
$10,173 (−5.1%)
$26,220 + $64,020
$90,240
2021
$10,724 (+1.0%)
$26,220 + $56,760
$82,980
2020
$10,618 (+6.4%)
$26,220 + $47,580
$73,800
2019
$9,980 (+6.0%)
$26,220 + $46,020
$72,240
2018
$9,416 (+8.8%)
$26,220 + $47,460
$73,680
2017
$8,657 (+2.0%)
$16,540 + $25,926
$42,466
2016
$8,489 (+3.9%)
$16,540 + $25,926
$42,466
2015
$8,174 (+18.5%)
$19,211 + $23,255
$42,466
2014
$6,899 (+12.2%)
$14,343 + $25,416
$39,759
2013
$6,150 (+5.3%)
$15,086 + $22,423
$37,509
2012
$5,843 (+2.9%)
$18,812 + $16,577
$35,389
2011
$5,676 (+4.6%)
$20,317 + $15,072
$35,389
2010
$5,426
$19,518 + $15,318
$34,836
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
40 ft.
Lot depth
100 ft.
Lot size
4,000 Sq. Ft.
Year renovated
1920
Sq. Ft.
2,856
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Kings County
APN
06781 0059
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 24, 2026.
R7A
Medium-Density Contextual Residence District
The contextual Quality Housing regulations, which are mandatory in R7A districts, typically produce high lot coverage, seven- to nine- -story apartment buildings, blending with existing buildings in many established neighborhoods. R7A districts are mapped along Prospect Park South and Ocean Parkway in Brooklyn, Jackson Heights in Queens, and in Harlem and along the avenues in the East Village in Manhattan.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Religious facility
Healthcare
Housing-Single unit
Housing-Multiple units
Educational / school
Library
Museum / gallery
Golf related
Park & open space
Property details
Parking
Parking Information
Parking Feature Single: Shared Drive
Parking Attributes: 2 Spaces
Interior
Room Information
Basement Amenities: Unfinished
Bathroom Information
# of Baths (Full): 2
Interior Features
A/C Unit - Window
Hardwood Floors
# of AC Units: 0
Mutli-Unit Information
# of Units: 2
Unit 1 Information
Unit Floor: 1
Unit Type: 3 Bedrooms
# of Beds (Total): 3
# of Baths (Total): 1
# of Baths (Full): 1
# of Rooms (Total): 5
Unit 2 Information
Unit Floor: 2
Unit Type: 3 Bedrooms
# of Beds (Total): 3
# of Baths (Total): 1
# of Baths (Full): 1
# of Rooms (Total): 5
Exterior
Building Information
Detached Building
Building Amenities: NONE
Construction Materials: Block
Exterior: Brick
Shingle Roof
Block Foundation
Exterior Features
Back Yard, Front Yard
Property Information
Residential
Sq Ft Total: 2856
Lot Information
Lot Number: 59
Lot Dimensions: no
Lot Size is Irregular
Financial
Tax Information
Tax Amount: $11,500
Rent Information
Rent Income: 0
Financing Information
Financing: Exchange Considered, Bank Mortgage, Cash
Utilities
Utilities
Electric: 110V
Hot Water: Gas
Heating Fuel: Gas
Heat Delivery: Hot Air
Utility Expense: 1000.00
Location
Location Information
Borough: Brooklyn
Block: 6781
Cross Street Name: Kings Hwy
Community Information
Handicap Access Available: Unknown
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,856
Stories: 2.0
Lot Size: 4,000 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1920
Year Renovated: 1920
County: Kings County
APN: 06781 0059
Home facts updated by county records on Oct 23, 2026
Around this home
Schools
PS 255 Barbara Reing School
Public K-5 • Assigned • 0.4mi
8/10
Junior High School 234 Arthur W Cunningham
Public 6-8 • Assigned • 0.4mi
8/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 97° expected this year, 15 days in 30 years
6/10 Wind Factor
72% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Brooklyn, NY • 11229
Average low and high temperatures (°F)
37
26
40
29
53
39
61
47
69
56
80
66
85
73
80
67
76
65
65
54
56
44
42
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
43/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.