2723 16th, Brooklyn, New York


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About 2723 16th

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: Underwent a comprehensive renovation less than six years ago for modern comfort and functionality. 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. Financial Snapshot: Projected Rent Roll: $8,375/month Projected Net Income: $7,247+/month after expenses. Contact: Seize this extraordinary opportunity to embark on a winning project. Call now to turn your vision into reality!

Features of 2723 16th

MLS® # 480297
Price $1,500,000
Bedrooms 8
Bathrooms 0.00
Full Baths 4
Square Footage 3,084
Type Multi-Family
Sub-Type Multi-Family
Status Active

Community Information

Address 2723 16th
Area Coney Island
City Brooklyn
County Kings (Brooklyn)
State New York
Zip Code 11224


Amenities NONE
Features A/C Unit - Wall, Refrigerator, Stove
Is Waterfront No
Has Pool No


Interior Laminate
Appliances Refrigerator, Stove
Heating Baseboard
Fireplace No
# of Stories 2
Has Basement Yes
Basement Finished, Full


Exterior Brick Face, Vinyl Siding
Roof Other
Construction Brick, Wood Frame
Foundation Poured Concrete

Additional Information

Date Listed March 7th, 2024
Days on Market 61
Zoning M1-2

Listing Map

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