Updated Oct 7, 2026
Individual Purchases Two-Unit Multifamily Building At 277 18th Street For $3.4M
277 18th Street
$3,400,000
$2,428/SF
Building Size
1,400 SF
Asset Type
MultiFamily
Closing
Sep 24, 2026
About this deal
AI
The multi-family building located at 277 18th Street in Greenwood Heights, Brooklyn, consists of two units. It was sold by Park Slope Associates for a transaction amount of $3,400,000. The building has a total area of 1,400 square feet, resulting in a price per square foot of $2,429 and a price per unit of $1,700,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,400,000
- Square Footage: 1,400
- Price per Square Foot: $2,429
- Units: 2
- Price per Unit: $1,700,000
- Address: 277 18th Street
- Market: Greenwood Heights, Brooklyn
- Seller: Park Slope Associates
An individual was the buyer in the transaction involving the purchase of the two-unit building from Park Slope Associates, marking a successful completion of the deal on September 24, 2026.
On the Map
$3,400,000
$2,428/SF
MultiFamily
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Brooklyn MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93