Back to Search
Brooklyn Multifamily Investment Opportunity

2862 W 17th Street Brooklyn, NY 11224

Claim this Listing
For Sale
$2,250,000

MULTI_FAMILY - Brooklyn, NY

Property size:
4,294 SF
Lot size:
0.06 Acres
Price / SF:
$523.99/SF
Added:
Dec 23, 2025
Days on Market:
202
Last Refresh:
Jul 13 at 7:06 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 3, Bedroom 12, Bathroom 6, Bathroom 9, Bathroom 8, Bedroom 2, Bedroom 7, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 14, Bathroom 7, Bedroom 3, Bathroom 5, Bedroom 6, Bedroom 13, Bedroom 9, Bedroom 11, Bathroom 10, Bedroom 8, Bathroom 4, Bedroom 10
Interior features
Refrigerator, Stove
Basement
Full, Finished
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

Listing office Tiger Realty 1484 86th Street, Brooklyn, NY

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.


Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 5‑family multifamily property with two separate buildings on one lot
  • Front building is configured as a 4‑family: three stories plus partial basement (utility room)
  • Rear building is configured as a 1‑family: two stories plus finished basement

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 (±1% cap)
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 (±1% cap)
NOI $248,880 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency Hair Salon Spa & Massage Center Dental Office Nail Salon Accounting Firm (Bike/Boat/Book/etc) Store Building Supply Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

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: 5‑family multifamily property with two separate buildings on one lot; Front building is configured as a 4‑family: three stories plus partial basement (utility room); Rear building is configured as a 1‑family: two stories plus finished basement
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message