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2729 West 16Th St Brooklyn, NY 11224

Sponsored
For Sale
$2,500,000

Mixed Use - Brooklyn, NY

Type:Mixed Use
Property size:
2,592 SF
Lot size:
0.16 Acres
Days on Market:
275
Last Refresh:
Feb 11 at 4:06 pm

Property Features for 2729 West 16Th St

General Information

Property type
Other
Property subtype
Mixed Use
Standard status
Active
Size
2,592 SF
Lot size
0.16 Acres

Utilities

Heating system
Natural Gas, Other (Heating), Steam

Building Details

Flooring type
Hardwood, Tile
Building materials
Stucco, Vinyl Siding
Roof type
Metal, Tile
Architectural style
Other

We can help!

Listing Contact
Michelle J. Zhang

Womcore LLC dba Remax Edge (718) 612-3088

Listing agent Michelle J. Zhang (718) 612-3088

Listing date May 13, 2025

MLS# 489820 Listing URL

Copyright © 2026 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.

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Property Insight Report

Overview

Coney Island Mixed-Use Investment

Located in Coney Island, Brooklyn, this mixed-use property presents an investment opportunity. The property includes a warehouse and three residential units situated on a 60’ x 119’ lot, zoned M1-2, which supports diverse commercial and industrial applications. The warehouse currently generates $5,000 per month on a month-to-month basis without a lease. The residential component consists of one two-bedroom apartment renting for $2,000 per month and two three-bedroom apartments, each renting for $2,500 per month. The property benefits from low annual property taxes of $6,670 and an estimated 5% cap rate. Its location offers proximity to Home Depot, Raymour & Flanigan, and Best Buy, as well as convenient access to public transportation via the N, D, F, and Q subway lines and the Belt Parkway. The property is suitable for investors or owner-operators seeking rental income while utilizing or leasing the warehouse space. Future opportunities for vertical expansion and redevelopment may be possible due to ongoing zoning changes and potential increases in the Floor Area Ratio (FAR). The property size is 2,592 square feet and the lot size is approximately 0.16 acres.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.984128
Latitude
40.580692

FAQs

What type of property is this?
Mixed-use property - Mixed-use property with warehouse and residential units in Brooklyn.
Where is this mixed-use property located?
The property is located at 2729 West 16Th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: - High income-generating potential: $5,000/month from warehouse plus $7,000/month from three residential units.; - Prime location in Coney Island near Home Depot, Raymour & Flanigan, and Best Buy.; - Investment opportunity with 5% cap rate and low property taxes: Annual taxes at $6,670.
More about this property
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