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Residential > Multi-family
Active
3 weeks ago
List Price
$1,500,000$486/ft²

2723 16th St
Brooklyn, NY 11224

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  • 2723 16th St, Brooklyn, NY 11224 is a 8 bed, 4 bath, 3,084 ft² multi-family home house built in 1915 on a 0.109 acre lot with 2 construction permits. This multi-family home is currently listed for $1,500,000, and it was last sold in 2018 for $999,000. The latest TopHap estimate of the multi-family home's value is $1,369,000.

    Property Valuations

    Latest estimates for 2723 16th St based on TopHap automated valuation model (AVM).

    MLS Description

    The listing agent's description. Original Listing

    Attention commercial investors, builders, and home buyers! Here's your chance to acquire a substantial residential property with boundless commercial potential in the vibrant enclave of Coney Island. This fully detached 2-family house, presents an unparalleled opportunity for lucrative investment or development. Features: Gut Renovated less than six years ago, this property underwent a gut renovation, ensuring modern comfort and functionality, followed by touch ups and cosmetic updates in 2024. Generous Space: 8 bedrooms and 4 baths offer ample room for various living and investment arrangements. Versatility: M1-2 zoning allows for diverse possibilities from manufacturing to retail. Income Potential: Currently generating income from rented garages, with substantial projected rents. Convenient Location: Close to the beach, boardwalk, and major highways, enhancing accessibility. Low Taxes: Benefit from very low taxes, maximizing profitability. Investment Potential: Explore residential and commercial ventures, from manufacturing to community facilities. Convert to manufacturing facilities, offices, retail outlets, or elevated parking. Consider a community facility such as a daycare, hotel, or hospital. Current Financial Snapshot: Total month rent roll: $8, 125/m Total monthly expenses: about $1,128/m (1000/month: taxes=420/m, insurance=208/m, gas=250/m, water=125/m) Net monthly profit: over $7,125/m Net annual profit: 85,500 (producing over 6.5% ROI) Contact: Seize this extraordinary opportunity to embark on a winning project. Call now to turn your vision into reality!

    Listing Agents

    The listing agent for 2723 16th St is Alexander Sasha Gurevich.

    Permits

    2723 16th St has 2 permit records.

    Permit History
    2
    Permits

    Current Ownership

    Information about the current owner(s).

    Property History

    2723 16th St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 2723 16th St

    School Information

    Public/private schools serving 2723 16th St

    Neighborhood

    This property is located in Coney Island, Brooklyn, NY 11224.

    Market Trends

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    Copyright © 2024 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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