Three-Story Victorian Multifamily
351 E 16th St 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 Market124
Property Features for 351 E 16th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 8, Bathroom 7, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 7, Bedroom 8, Bedroom 5, Bedroom 4, Bathroom 4, Bathroom 6
- Standard status
- Active
- Size
- 3,315 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10475
Utilities
- Heating system
- Natural Gas, Steam
Building Details
- Year built
- 1899
- Floors in Building
- 3
- Flooring type
- Hardwood
Listing Agency:
CENTURY 21 HOMEFRONT
(718) 252-6060
Listed By:
Delton Cheng · License #31CH0928260
Added: Mar 23
Changed: Jul 22
Last Checked: Jul 24 at 8:06AM
MLS# 11678254
Copyright © 2026 My State MLS. 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.
Located in Brooklyn’s Ditmas Park neighborhood just off Cortelyou Road, this detached turn-of-the-century three-story Victorian offers a multifamily setup on a 50 x 100 lot. Original interior details include parquet floors, intricate moldings, and classic pocket doors, complemented by an expansive front porch.
The property also includes a full storage basement, a private driveway, and a spacious rear yard with a detached garage. Nearby, residents benefit from access to local dining, cafes, and shops, with convenient transit connections along Cortelyou Road, including the Q train and B103.
For sale as a residential income property, it presents a complete package of indoor storage and outdoor space within a detached, historic-style structure.
The property also includes a full storage basement, a private driveway, and a spacious rear yard with a detached garage. Nearby, residents benefit from access to local dining, cafes, and shops, with convenient transit connections along Cortelyou Road, including the Q train and B103.
For sale as a residential income property, it presents a complete package of indoor storage and outdoor space within a detached, historic-style structure.
Key Highlights
- Built in 1899, this detached three‑story Victorian home is located in Brooklyn’s Ditmas Park neighborhood just off Cortelyou Road.
- Sits on a 50 x 100 lot with a spacious rear yard and a detached garage.
- Original details include parquet floors, intricate moldings, and classic pocket doors.
Financial Insights For Apartment 5plus
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 | $147.2k | $44.40 |
| − Vacancy | −$5.9k | −$1.78 |
| EGI | $141.3k | $42.62 |
| − OpEx | −$63.6k | −$19.18 |
| NOI | $77.7k | $23.44 |
3,315 SF · lease $44.40/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$971.4K – $1.30M
NOI $77,714 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
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
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Detached three-story Victorian multifamily on a private driveway with a full basement and detached garage.
Where is this multifamily property located?
The property is located at 351 E 16th St 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: Built in 1899, this detached three‑story Victorian home is located in Brooklyn’s Ditmas Park neighborhood just off Cortelyou Road.; Sits on a 50 x 100 lot with a spacious rear yard and a detached garage.; Original details include parquet floors, intricate moldings, and classic pocket doors.
