Investment Overview

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 rentstabilized. 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.