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2729 W 16th St 3 Unit Apartment Building $2,150,000 ($716,667/Unit) Brooklyn, NY 11224
Executive Summary
Receiver Sale
2729-2731 West 16th Street, Brooklyn, NY
Asking Price: $2,150,000
Property Snapshot:
• 2-story multifamily building and a 1-story warehouse located in Coney Island, Brooklyn, NY
• 2,228 sq ft multifamily building, consisting of 3 residential units
• 2,000 sq ft warehouse
• 60 ft of frontage along W 16th Street
• Redevelopment opportunity under existing M1-2 zoning, which permits a variety of commercial and industrial uses, with additional upside from potential future upzoning
• Situated two and a half blocks from Maimonides Park, Luna Park, and the boardwalk
• Short walk to the Coney Island-Stillwell Ave Subway Station (D, F , N, Q trains)
• Nearby retail and dining include: Home Depot, Food Bazaar, Totonno’s, Lone Star Gourmet Market, Milk & Honey Cafe, and Nathan’s Famous
2729-2731 West 16th Street, Brooklyn, NY
Asking Price: $2,150,000
Property Snapshot:
• 2-story multifamily building and a 1-story warehouse located in Coney Island, Brooklyn, NY
• 2,228 sq ft multifamily building, consisting of 3 residential units
• 2,000 sq ft warehouse
• 60 ft of frontage along W 16th Street
• Redevelopment opportunity under existing M1-2 zoning, which permits a variety of commercial and industrial uses, with additional upside from potential future upzoning
• Situated two and a half blocks from Maimonides Park, Luna Park, and the boardwalk
• Short walk to the Coney Island-Stillwell Ave Subway Station (D, F , N, Q trains)
• Nearby retail and dining include: Home Depot, Food Bazaar, Totonno’s, Lone Star Gourmet Market, Milk & Honey Cafe, and Nathan’s Famous
Property Facts
| Price | $2,150,000 | Lot Size | 0.16 AC |
| Price Per Unit | $716,667 | Building Size | 2,228 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 3 | Year Built | 1925 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | M1-2 | ||
| Price | $2,150,000 |
| Price Per Unit | $716,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.16 AC |
| Building Size | 2,228 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
| Zoning | M1-2 |
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Exceptionally walkable
90/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06996-0030 | Improvements Assessment | $38,520 |
| Land Assessment | $36,480 | Total Assessment | $75,000 |
Property Taxes
Parcel Number
06996-0030
Land Assessment
$36,480
Improvements Assessment
$38,520
Total Assessment
$75,000
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2729 W 16th St