2862 W 17th St
Listing Notes
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.
Price in context
Cheaper than 14% of the 21 homes listed nearby right now, which run $1,250,000 to $2,688,000.
See all 21 nearby listings
| Address | Asking | Size |
|---|---|---|
| 174 Bay 53rd St | $1,250,000 | 4 bd · 2 ba |
| 174 Bay 53rd St | $1,250,000 | 4 bd · 2 ba |
| 165 28th Ave | $1,269,000 | 8 bd · 4 ba |
| 185 27th Ave | $1,275,000 | 4 bd · 2 ba |
| 2613 Shore Pkwy | $1,278,000 | 9 bd · 6 ba |
| 2615 Shore Pkwy | $1,278,000 | 9 bd · 6 ba |
| 2118 Mermaid Ave Lot 5 | $1,443,999 | — |
| 156 Bay 53rd St | $1,450,000 | 5 bd · 3 ba |
| 164 Bay 53rd St | $1,450,000 | 4 bd · 3 ba |
| 52 28th Ave | $1,488,000 | 10 bd · 4 ba |
| 154 Bay 53rd St | $1,550,000 | 5 bd · 3 ba |
| 166 Bay 53rd St | $1,550,000 | 4 bd · 3 ba |
| 122 28th Ave | $1,589,888 | 7 bd · 5 ba |
| 2667 Cropsey Ave | $1,650,000 | 5 bd · 3 ba |
| 195 Bay 46th St | $1,699,000 | 5 bd · 3 ba |
| 2349 W 12th St | $1,750,000 | 7 bd · 3 ba |
| 2850 W 17th St | $1,890,000 | 5 bd · 6 ba |
| 2655 Cropsey Ave | $1,900,000 | 7 bd · 3 ba |
| 176 28th Ave | $2,495,000 | 15 bd · 10 ba |
| 1412 Neptune Ave | $2,498,000 | 6 bd · 2 ba |
| 2572 W 16th St | $2,688,000 | 9 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more
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