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    2860-2864 W 16Th St Brooklyn, NY 11224

    Sponsored
    For Sale
    $2,200,000

    COMMERCIAL - Brooklyn, NY

    Property size:
    7,096 SF
    Lot size:
    0.11 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 10 at 11:06 am

    Property Features for 2860-2864 W 16Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R6
    APN
    07021-0034
    Size
    7,096 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1920
    Floors in Building
    2
    Building materials
    Block

    Homes R Us Realty Of NY (718) 668-2550 [email protected]

    Listing agent Hiram L Oquendo (917) 435-8024

    Listing date Jan 10, 2026

    Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Brooklyn Multifamily Investment Opportunity

    Located in Coney Island, Brooklyn, the property at 2860-2864 W 16 Street features a total of seven apartments, including a three-family and a four-family configuration. The building comprises six two-bedroom units and one one-bedroom unit, all in decent condition. The property is being sold as is, with all tenants currently in place and one vacant apartment. No tenant has a lease at the moment, and rents are currently under market value. Zoned R6, the 0.11-acre lot presents a development opportunity. The property size is 7096 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    -73.98399
    Latitude
    40.577535

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit multifamily property in Coney Island, being sold as-is.
    Where is this apartment building located?
    The property is located at 2860-2864 W 16Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Seven apartments total: six 2-bedroom and one 1-bedroom unit.; - Zoned R6, suitable for development (consult with architect).; - One vacant apartment.
    (917) 435-8024
    Request Owner's contact information
    2860-2864 W 16Th St Brooklyn, NY 11224
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    2860-2864 W 16Th St Brooklyn, NY 11224
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