2850 W 17th St - Apartments FOR SALE


Brooklyn, NY 11224- Coney Island
$1,930,000 USD
718-680-2776
2850 W 17th St, Brooklyn, NY for Sale
$1,930,000 USD
Apartments - FOR SALE
1/33
null | 7.98% Cap Rate

2850 W 17th St
Brooklyn, NY 11224
Coney Island


HIGHLIGHTS

  • A 100% free-market building with NO rent-stabilized apartments
  • Rebuilt from the ground up in 2021
  • The building is entirely gas-free, eliminating the risks of gas leaks and carbon monoxide.

OVERVIEW

Prime Investment Opportunity – Turn-Key Multifamily Building in Brooklyn Discover a rare, completely modern investment asset built from the ground up in 2021. This exceptional 6-unit multifamily building (comprising 1 studio and 5 spacious 1-bedroom apartments) offers an immediate, hassle-free revenue stream with a strong 7.98% Cap Rate and an impressive $153,958 Net Operating Income (NOI). Investment Highlights: 100% Free-Market: A rare find in New York City—there are absolutely NO rent-stabilized apartments, giving you complete freedom over future rental upside. Completely Gas-Free: Built to modern electrification standards, completely eliminating the risks of gas leaks and carbon monoxide, while permanently removing the burden and high costs of NYC's Local Law 152 gas piping compliance. Low Overhead: Tenants are individually metered, keeping operating expenses exceptionally streamlined ($8,068/year). Turn-Key Construction: 2021 masonry build with pristine finishes including quartz countertops, stainless steel appliances, hardwood floors, and high-end building amenities like a roof terrace and zen garden. Fully occupied at 100% occupancy, this asset is perfectly positioned for a hands-off investor looking for high yield and future-proofed compliance in a thriving Brooklyn neighborhood. Contact us today for the full offering memorandum.

FOR SALE DETAILS

PRICE

$1,930,000 USD

PRICE/SF

$546 USD /SF

# OF UNITS

6

PRICE/UNIT

$321,667

CAP RATE

7.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6

APN/PARCEL ID

07020-0029

ASK ABOUT THIS PROPERTY

Shao Feng (Sam) LinE-House Realty & Management, Inc.More Info
718-680-2776

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Shao Feng (Sam) LinE-House Realty & Management, Inc.More Info
718-680-2776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.