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133 17th St
Brooklyn, NY 11215
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- No DOB Violations & No Active 311 Complaints on HPD’s Website
- Corner Building with High Visibility
- Convenient Location 1 Block from the Prospect Avenue D, N, R, W Trains
- Strong Current Cash-Flow with Upside in 3 Rent-Stabilized Units
- Protected Tax Class 2B, Annual Taxes of $18,906
EXECUTIVE SUMMARY
The Brennan Team of Marcus & Millichap has been exclusively hired to sell 133 17th Street, a four-story brick mixed-use building comprised of seven (7) apartments and
one (1) commercial space. The property measures 25 feet wide by 75 feet deep and is located on 17th Street between 3rd & 4th Avenues in the South Slope neighborhood of
Brooklyn, New York. Originally built in 1908, the property is zoned M1-2D and sits on a property lot extending 100 feet deep.
Of the seven (7) residential units, four (4) are de-regulated and three (3) are rent stabilized. The ground floor commercial space is vacant, offering the potential for
a new purchaser to utilize the space for their own business or lease the space to a tenant of their choice. The subject property is in excellent condition and has been
owned by the same private owner for nearly 40 years. Recent building improvements include facade re-pointing in 2020, newly painted
front and back fire escapes with brand-new angle irons as of 2020, new roof and camelbacks in 2020, and new Thorosealing of the exterior walls and courtyard in
2021.
133 17th Street is a prime opportunity to acquire a cash-flowing mixed-use investment building with four (4) gut-renovated apartments, and three (3) rent-stabilized
apartments presenting significant rental upside to a patient investor. The subject property is in an excellent location, one block from the Prospect Avenue [D, N, R, W]
Train Station providing easy access to Manhattan and the rest of Brooklyn.
one (1) commercial space. The property measures 25 feet wide by 75 feet deep and is located on 17th Street between 3rd & 4th Avenues in the South Slope neighborhood of
Brooklyn, New York. Originally built in 1908, the property is zoned M1-2D and sits on a property lot extending 100 feet deep.
Of the seven (7) residential units, four (4) are de-regulated and three (3) are rent stabilized. The ground floor commercial space is vacant, offering the potential for
a new purchaser to utilize the space for their own business or lease the space to a tenant of their choice. The subject property is in excellent condition and has been
owned by the same private owner for nearly 40 years. Recent building improvements include facade re-pointing in 2020, newly painted
front and back fire escapes with brand-new angle irons as of 2020, new roof and camelbacks in 2020, and new Thorosealing of the exterior walls and courtyard in
2021.
133 17th Street is a prime opportunity to acquire a cash-flowing mixed-use investment building with four (4) gut-renovated apartments, and three (3) rent-stabilized
apartments presenting significant rental upside to a patient investor. The subject property is in an excellent location, one block from the Prospect Avenue [D, N, R, W]
Train Station providing easy access to Manhattan and the rest of Brooklyn.
PROPERTY FACTS
| Price Per Unit | $469,063 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.72% | Lot Size | 0.06 AC |
| No. Units | 7 | Building Size | 6,528 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1908 |
| Zoning | M1-2 - M1-2 Zoning is a Light Manufacturing Zoning district in NYC. | ||
| Price Per Unit | $469,063 CAD |
| Sale Type | Investment |
| Cap Rate | 7.72% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,528 SF |
| No. Stories | 4 |
| Year Built | 1908 |
| Zoning | M1-2 - M1-2 Zoning is a Light Manufacturing Zoning district in NYC. |
AMENITIES
UNIT AMENITIES
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- On-Site Retail
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
PROPERTY TAXES
| Parcel Number | 00627-0066 | Improvements Assessment | $1,021,617 CAD |
| Land Assessment | $12,691 CAD | Total Assessment | $1,034,308 CAD |
PROPERTY TAXES
Parcel Number
00627-0066
Land Assessment
$12,691 CAD
Improvements Assessment
$1,021,617 CAD
Total Assessment
$1,034,308 CAD
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