1729 East 16th Street

$2,700,000
Price
12
Beds
7,420 Sq. Ft.
$364 / Sq. Ft.
7,420
Sq. Ft.
$364
per Sq. Ft.

Description

Introducing this FREE MARKET five-story mixed use building for sale! Located in the heart of Homecrest, this property features 1 commercial and 4 residential units. The first floor is 1800SF and the cellar is 1500SF, serving as 1 community office space. First Floor and Cellar are currently being used as a medical office, with one parking space at the front. The upper floors each have dimensions of 20 x 55. Each residential unit features three bedrooms, 2 bathrooms, and a balcony. NOT rent stabilized,...Introducing this FREE MARKET five-story mixed use building for sale! Located in the heart of Homecrest, this property features 1 commercial and 4 residential units. The first floor is 1800SF and the cellar is 1500SF, serving as 1 community office space. First Floor and Cellar are currently being used as a medical office, with one parking space at the front. The upper floors each have dimensions of 20 x 55. Each residential unit features three bedrooms, 2 bathrooms, and a balcony. NOT rent stabilized, FREE MARKET. Electric meters and gas meters have all been separated. Conveniently located near Kings Hwy commercial district, with restaurants, grocery stores, big department stores, banks, pharmacies, and parks all within a short distance. Few minutes away from B&Q train, B2, B31, B100 bus stop. Perfect for owner-use or investors targeting strategic location, quality of living, and exponential investment growth. All information is deemed reliable but is not guaranteed. Buyer is advised to independently verify the accuracy of all information.

Amenities

  • Balcony
  • Elevator
  • Walk Up
  • Central AC
  • Voice Intercom
  • Garage
  • Parking Included
  • Lowrise
LISTING UPDATED: 12/19/2024 03:10 PM

Property Details for 1729 East 16th Street

StatusActive
MLS ID488135
Days on Market4
Taxes$17,163 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built2004
Lot Size2,000 SF / 20' x 100'
CountyKings County

Building

1729 E 16th St

5 Units4 StoriesBuilt in 2004

Building Information for 1729 East 16th Street

Stories4Residences5Year Built2004Building Size20' x 54.75'Building Sq. Ft4,380 SFLot Size2,000 SF / 20' x 100'Building Age-Building Type-

Property Information for 1729 East 16th Street

Summary
Location and General Information
  • Block: 6799
  • Number Of Stories: 1
  • Cross Street Name: East 16th Street
  • Cross Street Name: Kings Hwy
  • Zoning: R5B
  • Roof: Other
Parking
  • Parking Attributes: 1 Space
  • Parking Feature Single: Carport
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 17163.0
  • Gross Expense: 35013.0
  • Gross Income: $92,707.00
  • Cap Rate: .03%
Property
Lot Information
  • Sq Ft Total: 7420
  • Yard: None
  • Lot Number: 80
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Other
  • Heating Fuel: Other
  • AC Units: 5+
  • Hot Water: Other
  • Utility Expense: 250.0
  • Fuel Expense: 0.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Cellar, Full
  • Commercial Features Interior: Handicap Design, Other
  • Foundation Details: Block
  • Flooring: Other
  • Unit Count: 5
  • Lavatories: 4+
  • Construction Materials: Other
  • Electric: Other
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Sign - Building, Other
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1700.0
  • Building Length: 85.0
  • Building Type: Attached
  • Building Width: 20.0
Unit 1
  • Unit Category: Store
  • Unit Floor: 1F+cellar
  • Unit Status: Leased
  • Unit Unit Type: Office
Unit 2
  • Unit Baths Full: 2
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Floor: 2
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 3
  • Unit Baths Full: 2
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 4
  • Unit Baths Full: 2
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Floor: 4F
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 5
  • Unit Baths Full: 2
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Floor: 4R
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Agent
Agent Information
  • Net Operating Income: 92707.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 9600.0
  • Owner Occupied: No
  • Rent Income: 127720.0

Property History for 1729 East 16th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1729 East 16th Street

Taxable ValueLand$229,500Additions$401,850Total$631,350
Home Facts
Total Finished SqFt7,420 SqFtLot Size2,000 SqFtYear Built2004ZoningR5BAPN3067990080

Schools near 1729 East 16th Street

This home is within Nyc Geog District #22 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 197 The Kings Highway Academy
PublicPK to 5

Jhs 234 Arthur W Cunningham
Public6 to 8

James Madison High School
Public9 to 12

Is 381
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1729 East 16th Street is a mixed use property for sale in Homecrest. This property was listed for sale on December 18, 2024 by Fang Fang Realty Inc, it's currently listed at $2,700,000. This listing's school district is Nyc Geog District #22 - Brooklyn. Nearby schools include P.S. 197 The Kings Highway Academy, Jhs 234 Arthur W Cunningham and James Madison High School. 1729 East 16th Street is a 12-bed, 0-bath, 7,420 sqft mixed use property built in 2004.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fang Fang Realty Inc

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.