2850 West 17th Street, Brooklyn, New York, 11224

A stands out in the Brooklyn multifamily market, This 6-unit building offering an immediate 7.51% Cap Rate. Rebuilt from the ground up in 2021. Building Size: 20′ x 62′ , Lot Size: 20′ x 120′, Zoning: R6 (High potential for future condo conversion)
Architectural Volume & Luxury Interiors Rarely found in traditional 6-family buildings, the units here feature exceptional vertical space: Designer Finishes: Every unit is outfitted with hard wood floors, quartz countertops, and a full suite of stainless-steel appliances. Versatile Lower Level: The cellar mirrors the high-volume feel of the upper floors. Currently accessory storage offers a strategic opportunity to be duplexed with ground-floor units to create massive recreation rooms with direct access to the expansive private backyard. Efficient, Modern Mechanicals This building is engineered for low owner overhead and tenant autonomy:
Electric HVAC & Hot Water: Each unit is equipped with its own Split AC system for independent heating and cooling, as well as its own electric hot water boiler. Tenant-Paid Utilities: By utilizing all-electric mechanicals, the utility burden and maintenance are shifted directly to the tenants, keeping owner expenses at a minimum.
The Ultimate Lifestyle Destination Tenants are steps away from the legendary “People’s Playground.” This property boasts a 100/100 Transit and Walk Score, located just three blocks from:
Iconic Attractions: Immediate access to Luna Park, the Coney Island Cyclone, and the New York Aquarium.
Beachfront Living: A short stroll to the world-famous Coney Island Boardwalk and beach.
Entertainment & Dining: Minutes from Maimonides Park (home of the Brooklyn Cyclones) and local staples like Nathan’s Famous.
Unmatched Transit: Adjacent to the Stillwell Ave Station, providing 24/7 express access to the D, F, N, and Q lines for a seamless commute.