2729 16th Street
Brooklyn, NY 11224
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Bed
0
Bath
2,592Sqft
0.16Acre(Lot)
This prime investment opportunity in Coney Island features a high-potential mixed-use property with a warehouse and three residential units on a 60’ x 119’ lot (M1-2 zoning), allowing for various commercial and industrial uses with potential future zoning changes. The warehouse generates $5,000/month (month-to-month, no lease), while the residential units bring in additional rental income: a two-bedroom apartment at $2,000/month and two three-bedroom apartments at $2,500/month each. With low property taxes of $6,670 per year and an estimated 5% cap rate, this property offers strong investment potential. Ideally located near Home Depot, Raymour & Flanigan, Best Buy, and key commercial hubs, it also provides convenient access to public transportation via the N, D, F, and Q subway lines and q
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Has Basement: Yes Basement: Finished, Full -
Flooring Information
Hardwood, Tile -
Roofing Information
Metal, Tile -
Interior Features
Roof: Metal, Tile Appliances: Gas Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Steam, Natural Gas
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Building Information
Building Area Total: 2592 Construction Materials: Stucco, Vinyl Siding Private Pool: No
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Lot Information
Lot Dimensions: 118 x 60 Lot Size Acres: 0.16 Lot Size Square Feet: 7125 Lot Description: Irregular Lot
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Listing Price Information
Listing Price: $2500000
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Tax Information
Tax Lot: 30 Tax Block: 6996 Annual Tax: $6670
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Parking Information
Garage
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1412 Neptune Avenue, Brooklyn, NY, 11224 | $2,498,000 | 6 | 2 | 2,508 | 2,508 SqFt |
| 1411 Neptune Avenue, Brooklyn, NY, 11224 | $989,000 | 6 | 3 | 2,280 | 2,280 SqFt |
| 2760 15th Street, Brooklyn, NY, 11224 | $999,000 | -- | 2 | -- | |
| 2862 17th Street, Brooklyn, NY, 11224 | $2,250,000 | 14 | 9 | 4,294 | 4,294 SqFt |
| 2717 16th Street, Brooklyn, NY, 11224 | $980,000 | 4 | 2 | 2,160 | 2,160 SqFt |
| 2850 17th Street, Brooklyn, NY, 11224 | $1,990,000 | -- | 6 | -- | |
| 2312A Mermaid Avenue, Brooklyn, NY, 11224 | $719,000 | 3 | 2.5 | 1,812 | 1,812 SqFt |
| 2323 Mermaid Avenue, Brooklyn, NY, 11224 | $1,150,000 | -- | -- | 3,246 | 3,246 SqFt |
| 2325 Mermaid Avenue, Brooklyn, NY, 11224 | $1,150,000 | -- | -- | 3,246 | 3,246 SqFt |
| 3707 Nautilus Avenue, Brooklyn, NY, 11224 | $699,000 | 3 | 3 | -- |
Similar Multifamily To 2729 16th Street
Nearby For Sale
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ByOwner last updated this listing 06/07/2026 @ 16:38
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