2850 West 17th Street Brooklyn NY 11224 MLS #501488

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&#39' x 62&#39' , Lot Size: 20&#39' x 120&#39', Zoning: R6 (High potential for future condo conversion).Architectural Volume &#38' 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 &#38' 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 &#38' 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.