2862 West 17th Street, Brooklyn, NY, 11224

Address

2862 West 17th Street, Brooklyn, NY

Listing Type

Multi-Family

Price

$ 2,250,000

Your Agent

Cary Raffle

Licensed Real Estate Associate Broker

Cell: 917-603-3813

Property Attributes

MLS#498008
TypeMulti-Family
Listing Status Active
CountyKINGS
CityBrooklyn
AreaBrooklyn
NeighborhoodConey Island
Zip11224
StyleMulti-Family
Year Built1920
Taxes$ 8573
Price$ 2,250,000
Bedrooms14
Full Bathrooms9
Half Bathrooms0
Sqr Footage4294
Lot Size0.056474 Acres

Data Source:

Brooklyn MLS (BNYMLS)

Property Description

5-Family | Approx. 6.5% Cap Rate | Two Buildings on One Lot Rare opportunity to acquire a 5-family investment property in excellent condition, situated on a 20’ x 119’ lot. The property consists of two separate buildings, both recently renovated with new electrical and plumbing systems throughout. All units feature separate heating systems and boilers, with tenants responsible for their own utilities, ensuring low operating expenses and strong income stability. Property Configuration: • Front Building: • Three stories plus a partial basement (utility room) • Configured as a 4-family • Rear Building: • Two stories plus a finished basement • Configured as a 1-family This well-maintained asset offers immediate cash flow with long-term upside potential, making it ideal for investors seeking a stable, turnkey multifamily property. For additional details, financials, or to schedule a private showing, please contact the listing agent.

Price History
12/23/2025	Listed $2,350,000
4/16/2026	5$2,250,000

General Features

Net Operating Income	152671.00
Roof	Flat
Zoning	R6
Electric	110 V
Stories Count	3
Property Type	Residential
Block	7020
Cap Rate	0.07
Lot Number	34
Yearly Taxes	8573.00
Transaction Type	Sale
Miscellaneous Expense	10000.00
Insurance Expense	7000.00
Utility Expense	500.00
Gross Expense	32129.00
Financing	Bank Mortgage,Cash
Building Type	Semi-Detached
Gross Income	184800
Status	Active
Fuel Expense	100.00
Construction Materials	Brick
Cumulative Days on Market	267
MLS Area	Coney Island
Sub Type	Multi-Family
Year Built	1920
City	Brooklyn
Borough	Brooklyn
Residential Features	Refrigerator,Stove,Other
DOM	267
Sale Type	Arm's Length
# Families	5
Public Remarks	5-Family \| Approx. 6.5% Cap Rate \| Two Buildings on One Lot Rare opportunity to acquire a 5-family investment property in excellent condition,situated on a 20’ x 119’ lot. The property consists of

Interior Features

Heating Fuel	Gas
Flooring	Tile,Other
Hot Water	Gas
Full Baths	9
Unit Count	5
Three Quarter Bath	1
Building Amenities	NONE
Sq Ft Total	4294
AC Units	5+
Basement Amenities	Finished,Full
Beds Total	14

Exterior Features

Exterior	Brick
Yard	Back
Foundation	Poured Concrete
Lot Sq Ft	2460
Building Length	60.00
Building Width	20.00
Property Panorama YN	Yes
Lot Size Length	123
Lot Size Width	20
Parking Attrib	Other