Detached Residential Income
351 E 16th Street Brooklyn, NY 11226
For Sale
$1,800,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,315 SF
Lot Size0.11 Acres
Price / SF$542.99
Days on Market127
Property Features for 351 E 16th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3X
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 8, Bathroom 7, Bathroom 5, Bedroom 3, Bathroom 8, Bathroom 6, Bedroom 7, Bedroom 5
- Parking features
- Garage - Detached
- Patio and Porch features
- Porch
- Interior features
- Porch
- Basement
- Full
- Standard status
- Active
- Size
- 3,315 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10475
Building Details
- Year built
- 1899
- Number of units
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Wood Frame
- Roof type
- Shingle
Listing Agency:
Century 21 Homefront Realty
(718) 252-6060
Listed By:
Delton Cheng · License #31CH0928260
(718) 252-6060
Added: Mar 20
Changed: Jul 23
Last Checked: Jul 24 at 5:06AM
MLS# 499779
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.
Investment Insights
Based on property information with market context.
Detached turn-of-the-century three-story Victorian residential income property with original parquet floors, intricate moldings, and classic pocket doors. The home includes an expansive open front porch, a full storage basement, and a spacious rear yard. Additional on-site features include a private driveway and a detached garage. The property sits on a 0.1148-acre lot and has 3,315 square feet of building area, and it is listed under R3X zoning.
Located in the Ditmas Park area just off Cortelyou Road, the home offers nearby access to restaurants, cafes, and shops. Public remarks note convenient transportation access via the Q train and B103 along Cortelyou Road. Open houses are by appointment.
Located in the Ditmas Park area just off Cortelyou Road, the home offers nearby access to restaurants, cafes, and shops. Public remarks note convenient transportation access via the Q train and B103 along Cortelyou Road. Open houses are by appointment.
Key Highlights
- Turn‑of‑the‑century detached 3‑story Victorian home built in 1899
- 50 x 100 lot with a spacious rear yard plus private driveway
- 8 bedrooms and 8 bathrooms, with multiple living‑ready rooms throughout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.3k | $37.80 |
| − Vacancy | −$5.3k | −$1.59 |
| EGI | $120.0k | $36.21 |
| − OpEx | −$36.0k | −$10.86 |
| NOI | $84.0k | $25.35 |
3,315 SF · lease $37.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,031 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$1.11M
$971.4K – $1.30M
NOI $77,714 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,694 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Detached three-story Victorian residence with original details, full basement, private driveway, rear yard and detached garage.
Where is this duplex located?
The property is located at 351 E 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Turn‑of‑the‑century detached 3‑story Victorian home built in 1899; 50 x 100 lot with a spacious rear yard plus private driveway; 8 bedrooms and 8 bathrooms, with multiple living‑ready rooms throughout
