Brooklyn Multifamily Investment
2862 W 17th Street Brooklyn, NY 11224
2862 W 17th Street, Brooklyn, NY, 11224
$2,250,000
For Sale
$2,250,000
MULTI_FAMILY - Brooklyn, NY
Property Size4,294 SF
Lot Size0.06 Acres
Price / SF$523.99
Days on Market208
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 Agency
Tiger Realty
(917) 708-9966
1484 86th Street, Brooklyn, NY
Listed by
Hang (Tyler) Chen
(917) 708-9966
Added: Dec 23, 2025 Checked: Jul 19 at 8:06 pm
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
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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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
