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    1729 East 16Th St Brooklyn, NY 11229

    For Sale
    $2,700,000

    Mixed Use - Brooklyn, NY

    Type:Mixed Use
    Property size:
    7,420 SF
    Lot size:
    0.05 Acres
    Days on Market:
    331
    Last Refresh:
    Dec 6 at 12:06 am

    Property Features for 1729 East 16Th St

    General Information

    Property type
    Other
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    R5B
    Parking
    1
    Size
    7,420 SF
    Lot size
    0.05 Acres

    Building Details

    Year built
    2004
    Floors in Building
    5
    Building materials
    Brick
    Architectural style
    Other

    Fang Fang Realty Inc (718) 676-2518

    Listing agent XueFang (Sue) Li (718) 676-2518

    Listing date Jan 10, 2025

    MLS# 488135 Listing URL

    Copyright © 2025 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.

    Overview

    Homecrest Mixed-Use Free Market Building

    This five-story mixed-use building is located in Homecrest, Brooklyn. The property includes one commercial unit and four residential units. The first floor provides 1800 square feet of space, while the cellar offers 1500 square feet. Currently, the first floor and cellar are configured as a medical office, and there is one parking space at the front of the building. The upper floors each measure 20 x 55 and contain residential units. Each residential unit includes three bedrooms, two bathrooms, and a balcony. The building is not rent stabilized and operates on a free market basis. Each unit has separated electric and gas meters. The property is near the Kings Hwy commercial district, with restaurants, grocery stores, department stores, banks, pharmacies, and parks located nearby. Transportation options include proximity to the B&Q train lines and the B2, B31, and B100 bus stops. The commercial unit will be delivered vacant in March 2025. The property is suitable for owner-users or investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hua Medical Services ... Medical Clinic

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.95681
    Latitude
    40.607613

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    FAQs

    What type of property is this?
    Mixed-use property - Five-story mixed-use building with commercial and residential units in Brooklyn.
    Where is this mixed-use property located?
    The property is located at 1729 East 16Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Free Market Status offers flexibility for rental income and property management; - Prime Location in Homecrest near Kings Hwy commercial district; - Mixed-Use Building featuring a commercial unit (delivered vacant March 2025) and four residential units
    (718) 676-2518
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    1729 East 16Th St Brooklyn, NY 11229
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    Brooklyn, NY 11229
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1729 East 16Th St Brooklyn, NY 11229
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