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16 Van Sicklen St
Brooklyn, NY 11223
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Prime Brooklyn location near Kings Highway and Avenue U retail corridors.
- Vibrant neighborhood with diverse amenities and stable demographics.
- Excellent transit access with F train and Belt Parkway connectivity.
Executive Summary
This well-maintained six-unit multifamily building offers a strong investment opportunity with a proven track record of stability. The property has been fully occupied for the past eight years, with no history of evictions, reflecting responsible management and reliable tenants. Five of the six units are rent-stabilized, providing predictable income and reduced turnover risk, while current rents are not significantly below market. With consistent 100% occupancy and long-term tenant retention, this asset delivers steady cash flow and potential for incremental rent growth and long-term appreciation.
Property Facts
| Price Per Unit | $300,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.28% | Lot Size | 0.06 AC |
| No. Units | 6 | Building Size | 6,089 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R4-1 - Low-density residential district that primarily allows for one and two-family homes, and small multifamily buildings | ||
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 5.28% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,089 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R4-1 - Low-density residential district that primarily allows for one and two-family homes, and small multifamily buildings |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
Property Taxes
| Parcel Number | 06678-0123 | Improvements Assessment | $662,400 |
| Land Assessment | $8,100 | Total Assessment | $670,500 |
Property Taxes
Parcel Number
06678-0123
Land Assessment
$8,100
Improvements Assessment
$662,400
Total Assessment
$670,500
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