1761 E 16th St

1761 E 16th St, Brooklyn, NY 11229

  • For Sale $1,599,000
  • Property Type Multi-Family
  • Property Size 3,600 SF
  • Units 2
  • Lot Size 0.05 Acre
  • # of Floors 3
  • Average Floor Size 1,200 SF
  • Parking Spaces Avail. 1
  • Parking Ratio 0.28 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1930
  • Year Renovated 2022
  • Date Updated Jun 3, 2025

1761 East 16th Street – Prime Homecrest Legal Two-Family Investment Opportunity

Presenting 1761 East 16th Street, a well-maintained legal two-family brick building in the heart of Homecrest, just a half-block from the Kings Highway B/Q subway. This 3-story, approx. 3,600 SF property sits on a 20' x 100' lot and includes a private driveway and remote-controlled garage—a rare find in the area.

This building is currently configured as a 3-unit rental, generating income from below-market tenants—providing excellent value-add potential. Can be delivered vacant upon request, ideal for investors or end users seeking live-plus-rent or multigenerational options.

Investment Overview

  • Top Floor – 3BR/1BA: Est. rent $3,300–$3,600/month

  • Main + Garden Duplex – 3BR/2BA with private garden & in-unit W/D: Est. rent $3,600–$3,900/month

  • Total Potential Rent: $6,900–$7,500/m

Projected Net Operating Income (NOI): ~$73,800
Estimated Cap Rate: 4.61%

Property Features

 

  • Legal two-family w/ current 3-unit setup (garden level has separate access through garage)

  • 3 bedrooms per unit, spacious layouts, and bonus rooms for offices or storage

  • Washer/dryer in units, central air, updated mechanicals

  • Brick construction, great curb appeal, high ceilings, and natural light throughout

 

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Attachments

Contacts

broker
Renee Miller

Brown Harris Stevens

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise

  • Transit Score ®

    92/100 Rider's Paradise

  • Bike Score ®

    59/100 Bikeable
Powered by Walk Score ®
  • City Brooklyn, NY
  • Neighborhood Homecrest
  • Zip Code 11229
  • Market Brooklyn

Points of Interest

  • A-Kings Highway Car Service

    0.17 miles

  • Avenue U

    0.53 miles

  • Seagull Transportation

    1.12 miles

  • Avenue J

    1.27 miles

  • Bay Parkway & 66 Street

    1.40 miles

  • Avenue X Car Service

    1.46 miles

  • 86th Street

    1.50 miles

  • Avenue H

    1.57 miles

  • 20th Avenue

    1.66 miles

  • Flatbush Avenue–Brooklyn College

    1.81 miles

  • Mobil

    0.37 miles

  • BP

    0.51 miles

  • Citgo

    0.61 miles

  • Sunoco

    0.79 miles

  • Allegiance

    1.47 miles

  • Tesla Destination Charger

    2.31 miles

  • EVgo

    2.33 miles

  • ChargePoint

    2.36 miles

  • FLO

    3.92 miles

  • Tesla Supercharger

    4.37 miles

  • Chase Bank Parking

    0.59 miles

  • Fine Fare

    0.84 miles

  • Roosevelt Savings Bank

    0.86 miles

  • CVS

    0.90 miles

  • Doody's Home Center

    1.10 miles

  • Super Stop and Shop Parking

    1.19 miles

  • Petco Parking

    1.19 miles

  • Stop and Shop

    1.24 miles

  • Bank of America

    1.30 miles

  • US Postal Service

    1.39 miles

  • Home

    0.99 miles

  • Ramada

    1.68 miles

  • Best Western Plus

    2.00 miles

  • Comfort Inn

    2.04 miles

  • Lighthouse Inn

    2.06 miles

  • Best Western

    2.07 miles

  • Sleep Inn

    2.08 miles

  • Harbor Motor Inn

    2.34 miles

  • Brooklyn Vybe Hotel, Ascend Hotel Collection

    2.71 miles

  • Ruby & Emrys

    2.74 miles

  • Dunkin'

    0.15 miles

  • Ankara 1

    0.16 miles

  • Subway

    0.16 miles

  • Khachapuri Factory

    0.17 miles

  • Chipotle

    0.18 miles

  • Perizia kosher pizza

    0.20 miles

  • Vesuvius Pizzeria

    0.22 miles

  • Aksaray

    0.22 miles

  • Memo Shish Kebab

    0.26 miles

  • Dunkin' Donuts

    0.27 miles

  • Prospect Park Bnos Leah High School

    0.05 miles

  • Prospect Park Yeshiva

    0.06 miles

  • Mesorah School

    0.06 miles

  • Nefesh Academy

    0.06 miles

  • Intermediate School 234

    0.17 miles

  • Public School 255

    0.19 miles

  • Bnos Israel of East Flatbush

    0.21 miles

  • Bet Yakov Ateret Torah High School

    0.22 miles

  • Three Hierarchs School

    0.24 miles

  • Touro College

    0.29 miles

  • Teensy Learning Center

    0.65 miles

  • A2Z Happyland

    0.91 miles

  • Little Scholars Daycare Center V

    1.01 miles

  • Brooklyn's Daily Discovery Pre-K Center

    1.02 miles

  • Competent Care

    1.35 miles

  • Day Care & Preschool

    1.39 miles

  • Tiny Titans Daycare

    1.79 miles

  • Little Scholars NYC

    1.93 miles

  • Buratino International Day Care

    1.99 miles

  • Little Scholars II

    2.05 miles

Frequently Asked Questions

How much does 1761 E 16th St cost?

The space currently listed for sale at 1761 E 16th St asks for $1,599,000.

What is the total square footage of 1761 E 16th St?

1761 E 16th St totals 3,600 square feet.

When was this property built?

1761 E 16th St was built in 1930.

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Contact Listing Broker
broker
Renee Miller

Brown Harris Stevens

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