MLS Listing Details - Ideal Properties Realty

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Ideal Property Realty

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With over twelve years of real estate experience, we pride ourselves in delivering results while building relationships that last a lifetime. Ideal Properties Realtyis a full service real estate firm that tailors its services to the satisfaction of our clients. Our ability to guide home buyers, design strategic marketing campaigns, and understand the intrinsic elements of the sales process, makes us the premiere real estate firm in Brooklyn. Our experts are trained to resourcefully assist clients in areas such as selling residential homes, condominiums, and investment properties, as well as handle rentals and leasing.Owning Real Estate is a symbol of responsibility, a source of security, and a part of the American Dream. Our professional work continuously to ensure that process is smooth, sustainable, and easy to understand.To help sellers navigate the real estate process, we begin with an educational course that helps our clients understand the market and how to price their property, and close the deal. Whether you are buying or selling, Ideal Properties Realty will guide you step by step.

Home » MLS Listing Details

2850 West 17th Street, Brooklyn, New York, New York 11224

$1,930,000

Property Details

Baths: 6 Neighborhood: Coney Island Tax Amount: $11521.76 MLS Number: 501488 Lot Size: 20 x 120 Lot SqFt: 2404

Property Description

A stands out in the Brooklyn multifamily market: A 100% free-market building with NO rent-stabilized apartments, offering an immediate 7.98% Cap Rate and completely unrestricted rental growth. Rebuilt from the ground up in 2021. Building Size: 20' x 62' , Lot Size: 20' x 120', Zoning: R6 (High potential for future condo conversion).Architectural Volume & Luxury Interiors Rarely found in traditional 6-family buildings, the units here feature exceptional vertical space: Designer Finishes: Every unit is outfitted with hard wood floors, quartz countertops, and a full suite of stainless-steel appliances. Versatile Lower Level: The cellar mirrors the high-volume feel of the upper floors. Currently accessory storage offers a strategic opportunity to be duplexed with ground-floor units to create massive recreation rooms with direct access to the expansive private backyard. Efficient, Modern Mechanicals This building is engineered for low owner overhead and tenant autonomy: Electric HVAC & Hot Water: Each unit is equipped with its own Split AC system for independent heating and cooling, as well as its own electric hot water boiler. Tenant-Paid Utilities: By utilizing all-electric mechanicals, the utility burden and maintenance are shifted directly to the tenants, keeping owner expenses at a minimum. The Ultimate Lifestyle Destination Tenants are a short distance away from the legendary "People’s Playground." This property boasts a 100/100 Transit and Walk Score, located just minutes from: Iconic Attractions: Immediate access to Luna Park, the Coney Island Cyclone, and the New York Aquarium. Beachfront Living: A short moment to the world-famous Coney Island Boardwalk and beach. Entertainment & Dining: Minutes from Maimonides Park (home of the Brooklyn Cyclones) and local staples like Nathan’s Famous. Unmatched Transit: Adjacent to the Stillwell Ave Station, providing 24/7 express access to the D, F, N, and Q lines for a seamless commute.

Property Type Residential

Property Status: Active

Property Features A/C Unit Stove