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86 16th St
Brooklyn, NY 11215
Multifamily Property For Sale · 4 Units

PROPERTY FACTS

No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 3,150 SF
Average Occupancy 100%
No. Stories 2
Year Built 1931
Zoning R6, Brooklyn, (C3) - R6 is a medium-density residential zoning district.

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Security System
  • Hardwood Floors
  • Tub/Shower
  • Basement
  • Garden

ABOUT 86 16TH ST , BROOKLYN, NY 11215

4 unit Apartment Building for Sale in Prime Gowanus – Park Slope Location Additional Air rights available to extend the building 2 more floors and add 2-3 units. Current NOI – $137,160 Proforma NOI – $230,000 Email for full setup! Building Renovations: New windows installed throughout building. New front entrance door with virtual doorman in every unit. Carpet tiles and paint in common areas. Finished basement with coin operated washers & dryers. New Security camera system installed. Fujitsu Mini split HVAC systems installed on the first floor units. Additional air rights allow for another 2-3 units to be added to the property. Apartment Renovations: First floor was fully renovated and transformed to 2 duplex units with high end condo like finishes along with recreational space in the lower levels and a finished, beautiful back yard that is private for the 1st floor rear unit. 2nd floor units went through minor renovations but have potential for higher rents with new kitchens and bathrooms.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 1 $3,300 -
3+2 1 $4,830 -
3+1 1 $2,650 -
2+1 1 $2,300 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01051-0023
Land Assessment
$136,350
Improvements Assessment
$359,550
Total Assessment
$495,900
  • Listing ID: 16552894

  • Date on Market: 7/8/2019

  • Last Updated:

  • Address: 86 16th St, Brooklyn, NY 11215

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