APP Real Estate
For sale

📍 18 Monitor ST, Brooklyn, NY 11222, Brooklyn, NY, EUA

Residential Building for Sale in Brooklyn, New York, USA

$16,000,000

Overview
  • Bedrooms: 13
  • Parking: 8
  • Price: $16,000,000
Description

Luxury 5-story, 13-unit rental building, newly constructed on the Greenpoint/Williamsburg border. Completed in 2023, this elevator boutique features 7 one-bedroom and 6 two-bedroom residences (5 affordable). Each apartment includes in-unit washer/dryer, individual split heating and cooling systems, sleek modern finishes, audio-visual intercom, and many units offer private outdoor space. Amenities include a fitness center, landscaped common courtyard, skyline-view roof deck, bike storage, and a private garage with 8 deeded parking spots. The property benefits from a 421-A tax abatement with approximately 34 years remaining, providing excellent long-term tax savings and investment stability. Prime Brooklyn location, steps to the L train, major roadways, waterfront parks, cafes, restaurants, and shopping. Ideal for a 1031 exchange or investors seeking a high-quality, income-producing asset in a strong rental market.

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