Brooklyn Multifamily Investment
2862 W 17th Street, Brooklyn, NY 11224
MULTI_FAMILY - Brooklyn, NY
Property size:
4,294 SFLot size:
0.06 AcresPrice / SF:
$523/SF- Added:
- Dec 23, 2025
- Days on Market:
- 157
- Last Refresh:
- May 29 at 12:06 pm
Property Features for 2862 W 17th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 14
- Bathrooms
- 10
- Rooms
- Bedroom 5, Bathroom 10, Bathroom 5, Bathroom 8, Bedroom 2, Bathroom 9, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 14, Bedroom 8, Bedroom 4, Bedroom 3, Bathroom 4, Bedroom 11, Bathroom 7, Bathroom 6, Bedroom 1, Bedroom 12, Bedroom 10, Bedroom 9, Bedroom 7, Bathroom 2, Bedroom 13
- Interior features
- Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 4,294 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8573
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Hang (Tyler) Chen (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
Listing date Dec 23, 2025
MLS# 498008
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Approximate 6.5% Cap Rate offers strong income potential.
- Two buildings (5‑family) on one lot, a rare investment opportunity.
- Recently renovated with new electrical and plumbing systems.
- Tenants pay their own utilities, ensuring low operating expenses.
- Turnkey property provides immediate cash flow.
- Separate heating systems and boilers for each unit.
Overview
This is a rare opportunity to acquire a 5-family investment property in excellent condition. The property is situated on a 20' x 119' lot and 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. The front building is three stories plus a partial basement (utility room) and is configured as a 4-family. The rear building is two stories plus a finished basement and is configured as a 1-family. The property offers immediate cash flow with long-term upside potential, making it ideal for investors seeking a stable, turnkey multifamily property. The property is located in Brooklyn, NY, with a total size of 4294 square feet and a lot size of 0.0565 acres. The property is zoned R6 and has an approximate 6.5% cap rate.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $243.2k | $56.64 |
| − Vacancy | −$4.9k | −$1.13 |
| EGI | $238.3k | $55.51 |
| − OpEx | −$107.3k | −$24.98 |
| NOI | $131.1k | $30.53 |
4,294 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.87M
$1.64M – $2.18M
NOI $131,091 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.56M
$3.11M – $4.15M
NOI $248,880 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.98524
- Latitude
- 40.577339
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-family property with strong income potential in Brooklyn.
Where is this apartment building located?
The property is located at 2862 W 17th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Approximate 6.5% Cap Rate offers strong income potential.; Two buildings (5‑family) on one lot, a rare investment opportunity.; Recently renovated with new electrical and plumbing systems.
