About 2862 17th
5-Family | Approx. 6.5% Cap Rate | Two Buildings on One Lot Rare opportunity to acquire a 5-family investment property in excellent condition, situated on a 20’ x 119’ lot. The property 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, ensuring low operating expenses and strong income stability. Property Configuration: • Front Building: • Three stories plus a partial basement (utility room) • Configured as a 4-family • Rear Building: • Two stories plus a finished basement • Configured as a 1-family This well-maintained asset offers immediate cash flow with long-term upside potential, making it ideal for investors seeking a stable, turnkey multifamily property. For additional details, financials, or to schedule a private showing, please contact the listing agent.
Features of 2862 17th
| MLS® # | 498008 |
|---|---|
| Price | $2,250,000 |
| Bedrooms | 14 |
| Bathrooms | 0.00 |
| Full Baths | 9 |
| Square Footage | 4,294 |
| Year Built | 1920 |
| Type | Multi-Family |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 2862 17th |
|---|---|
| Area | Coney Island |
| City | Brooklyn |
| County | Kings (Brooklyn) |
| State | New York |
| Zip Code | 11224 |
Amenities
| Amenities | NONE |
|---|---|
| Features | Refrigerator, Stove, Other |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Tile, Other |
|---|---|
| Appliances | Refrigerator, Stove |
| Heating | Hot Water |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | Yes |
| Basement | Finished, Full |
Exterior
| Exterior | Brick |
|---|---|
| Roof | Flat |
| Construction | Brick |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | December 23rd, 2025 |
|---|---|
| Days on Market | 227 |
| Zoning | R6 |
| Tax | $8,573 |