Brick Two-Family Residence with
8817 16th Avenue Brooklyn, NY 11214
8817 16th Avenue, Brooklyn, NY, 11214
$1,699,000
For Sale
$1,699,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,058 SF
Lot Size0.05 Acres
Price / SF$555.59
Days on Market29
Property Features for 8817 16th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 3
- Interior features
- Garage Door Opener(s), Terrace
- Standard status
- Active
- Size
- 3,058 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10608
Building Details
- Year built
- 1950
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Rubber
Listing Agency
Ben Bay Realty Co
(718) 680-6442
8304 13th Ave, Brooklyn, NY
Listed by
Nicholas Venturini · License #NV3472
(718) 680-6442
Added: Jun 19 Checked: Jul 17 at 4:06 pm
MLS# 502433
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.
Investment Insights
Based on property information with market context.
This spacious brick two-family residence is laid out over three levels with hardwood floors throughout. The first floor measures 20' x 61' and features a granite-counter eat-in kitchen with an open layout flowing into the dining room. An oversized living room with abundant natural light opens directly to a large, private backyard, and this level also includes a full bathroom. The second floor (20' x 47') offers four bedrooms, a fully tiled bathroom, and a terrace overlooking the backyard. The third floor (20' x 47') functions as a separate apartment with an eat-in kitchen, a large living room, two bedrooms, and a fully tiled bathroom.
The property sits on a 20' x 103' lot and includes a private driveway and garage. Zoned R4, the home is located at 8817 16th Avenue in Brooklyn, NY 11214.
With a separate apartment on the third floor plus living space that extends to both the backyard and a second-floor terrace, the layout can support households that value privacy and outdoor areas. The configuration also offers practical flexibility for an owner looking to occupy one portion while renting the remaining units.
The property sits on a 20' x 103' lot and includes a private driveway and garage. Zoned R4, the home is located at 8817 16th Avenue in Brooklyn, NY 11214.
With a separate apartment on the third floor plus living space that extends to both the backyard and a second-floor terrace, the layout can support households that value privacy and outdoor areas. The configuration also offers practical flexibility for an owner looking to occupy one portion while renting the remaining units.
Key Highlights
- Brick two‑family home with private driveway and garage; Year built 1950
- Three‑floor layout: first floor 20' x 61' plus second and third floors each 20' x 47'
- Eat‑in kitchen with granite countertops on the first floor; open‑concept flow into the dining room
Local 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 | $124.8k | $40.80 |
| − Vacancy | −$5.6k | −$1.84 |
| EGI | $119.2k | $38.96 |
| − OpEx | −$35.7k | −$11.69 |
| NOI | $83.4k | $27.27 |
3,058 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,406 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$1.07M
$934.4K – $1.25M
NOI $74,751 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,872 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Smiles Entertainment
Wedding Service
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family brick home with private driveway, garage, and large backyard for flexible income or owner-occupied living.
Where is this duplex located?
The property is located at 8817 16th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Brick two‑family home with private driveway and garage; Year built 1950; Three‑floor layout: first floor 20' x 61' plus second and third floors each 20' x 47'; Eat‑in kitchen with granite countertops on the first floor; open‑concept flow into the dining room
