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2850 W 17th St 6 Unit Apartment Building $2,150,000 ($358,333/Unit) 7.16% Cap Rate Brooklyn, NY 11224
Investment Highlights
- View of Coney Island Boardwalk and Amusement Park. Only Three Block Away.
- Short Walking Distance to NYC Metro Subway Station D,G,F,N, & Q lines.
- Potential to combine basement with 1st-floor units to create spacious 2- or 3-bedroom apartments.
- Short Walk to High Foot Traffic & Retail Stores on Mermaid & Surf Avenues.
- New Construction.
Executive Summary
PRICE REDUCTION – Prime Coney Island Investment Opportunity
Free-market 6-unit multifamily property featuring a 3-story walk-up with basement and private backyard. Unit mix includes 1 studio and five 1-bedroom apartments. Located just 3 blocks from the iconic Coney Island Boardwalk and Amusement District, and adjacent to Stillwell Avenue subway station with direct access to the D, F, N, and Q lines. Seller financing available.
Free-market 6-unit multifamily property featuring a 3-story walk-up with basement and private backyard. Unit mix includes 1 studio and five 1-bedroom apartments. Located just 3 blocks from the iconic Coney Island Boardwalk and Amusement District, and adjacent to Stillwell Avenue subway station with direct access to the D, F, N, and Q lines. Seller financing available.
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Property Facts
| Price | $2,150,000 | Building Class | C |
| Price Per Unit | $358,333 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 3,537 SF |
| Cap Rate | 7.16% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R6 - Medium Density Residential District | ||
| Price | $2,150,000 |
| Price Per Unit | $358,333 |
| Sale Type | Investment |
| Cap Rate | 7.16% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,537 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium Density Residential District |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Storage Space
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Wi-Fi
- Yard
- Basement
- Deck
- Dining Room
- Double Pane Windows
- Framed Mirrors
- Handrails
- Intercom
- Linen Closet
- Pantry
- Patio
- Porch
- Smoke Free
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Waterfront
- Smoke Free
- Wi-Fi
- Roof Terrace
- Zen Garden
- Private Bathroom
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 650 |
| Studios | 1 | - | 550 |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 07020-0029 | Improvements Assessment | $213,300 |
| Land Assessment | $54,000 | Total Assessment | $267,300 |
Property Taxes
Parcel Number
07020-0029
Land Assessment
$54,000
Improvements Assessment
$213,300
Total Assessment
$267,300
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2850 W 17th St
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