2850 W 17th St Brooklyn, NY 11224
Coney Island NeighborhoodEstimated payment $11,286/month
Highlights
- Wood Flooring
- 5-minute walk to Coney Island-Stillwell Avenue
- Heating Available
- Is 228 David A Boody Rated A-
About This Home
Key highlights of the property include: - Fully Renovated: A 6-unit multifamily building in Coney Island that underwent a complete gut renovation in 2019 (including the roof, mechanicals, plumbing, and electric) with a new Certificate of Occupancy issued in 2021. - Free-Market: A 100% free-market rent roll (never rent-stabilized), offering full owner control over rents and turnover-ideal for a 1031 exchange. - Financials: Priced at $1,875,000 ($312,500/unit, $530/SF) with a 7.50% in-place cap rate and a Net Operating Income (NOI) of $140,658. - Location: Prime location steps from the Coney Island boardwalk and beach, and approximately 0.3 miles from the Stillwell Ave subway terminal (D, F, N, and Q lines).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,891
Year Built
- Built in 1920 | Remodeled in 2019
Lot Details
- 2,404 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Rubber Roof
- Stucco
Interior Spaces
- 6 Full Bathrooms
- 3,537 Sq Ft Home
- 3-Story Property
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
Community Details
- Coney Island Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $11,578 | $265,500 | $54,000 | $211,500 |
| 2025 | $10,722 | $267,300 | $54,000 | $213,300 |
| 2024 | $10,722 | $334,260 | $54,000 | $280,260 |
| 2023 | $9,741 | $278,550 | $54,000 | $224,550 |
| 2022 | $8,996 | $273,600 | $54,000 | $219,600 |
| 2021 | $5,292 | $56,760 | $11,160 | $45,600 |
| 2019 | $5,215 | $54,000 | $11,160 | $42,840 |
| 2018 | $4,796 | $23,527 | $5,497 | $18,030 |
| 2017 | $4,528 | $22,213 | $5,429 | $16,784 |
| 2016 | $4,189 | $20,956 | $6,911 | $14,045 |
| 2015 | $2,527 | $20,956 | $7,771 | $13,185 |
| 2014 | $2,527 | $20,775 | $7,704 | $13,071 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/31/2026 08/31/26 | For Sale | $1,875,000 | +635.3% | $530 / Sq Ft | |
| 07/15/2016 07/15/16 | Sold | $255,000 | 0.0% | $75 / Sq Ft | View Prior Sale |
| 09/28/2015 09/28/15 | Pending | -- | -- | -- | |
| 09/03/2015 09/03/15 | For Sale | $255,000 | -- | $75 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $255,000 | -- | |
| Bargain Sale Deed | $175,000 | Fidelity National Title Ins |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $482,732 | Unknown | |
| Previous Owner | $656,350 | Unknown | |
| Previous Owner | $350,000 | New Conventional | |
| Previous Owner | $560,000 | No Value Available | |
| Previous Owner | $166,250 | Purchase Money Mortgage |
Source: NY State MLS
MLS Number: 11959735
APN: 07020-0029
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