146 17th Street

The subject property is a five-story, multifamily building located on the south side of 17th Street between 3rd and 4th Avenues in Greenwood Heights, Brooklyn. The property is currently comprised of 25 residential apartments: 10 one-bedroom units, 10 two-bedroom units and 5 studio units. The building measures approximately 16,750 square feet and is zoned M1-2D. The building benefits from a J51 tax abatement which amounts to $4,708/year of annual tax savings. The property is conveniently located in the South Slope/Greenwood Heights neighborhood of Brooklyn and just steps away from the retail corridor of 4th Avenue. The property is also located blocks away from Prospect Park & the Greenwood Cemetery, a National Historic Landmark which features beautiful green spaces. Additionally, the building is located half a block away from the Prospect Avenue subway station where the R, D and N trains are accessible and a short walk to the 4th Avenue F and G subway entrances at 10th Street.Situated between the creative hubs of Gowanus and Sunset Park’s Industry City, the property is well positioned for continued growth in one of Brooklyn’s most dynamic residential markets.