182 17th St, Unit 6 Brooklyn, NY 11215-5335

Property Details for 182 17th St

Year built

1923

Lot size

0.04 lot acres

Property size

3,954 SF

Zone code

R8A

Property type

Apartment buildings

APN

00631-0013

APU

6310013

Description

This well-maintained, three-story brick apartment building at 182 17th Street in Brooklyn, NY, presents a compelling investment opportunity. Built in 1923, this 4,824 square foot property sits on a 1,680 square foot lot and is zoned R8A. The building comprises six units: two two-bedroom units and four one-bedroom units. Four units will be delivered vacant, while the remaining tenants are long-term and consistently pay rent on time. Recent renovations, completed as units became vacant, include new floors, granite countertops, and a new boiler. Each unit boasts high ceilings (9+ feet) and features separate gas and electric meters, ensuring tenants cover their own utilities. The building also includes a full-sized basement with high ceilings and two separate entrances. The property generates a substantial annual rental income of $97,538, with annual expenses totaling $35,417, resulting in a net operating income (NOI) of $62,122. Its central location offers easy access to shopping, dining, schools, places of worship, and public transportation, including the D, N, R, W, F, and G subway lines, as well as convenient access to the Prospect Expressway and NY-27. This property is priced at $1,998,000, representing a price per square foot of $414. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a highly desirable Brooklyn neighborhood.