Three-Family Brick
For Sale
$2,689,000
103 16th Street, Brooklyn, NY 11215
Residential, Brooklyn, NY
Property Size2,986 SF
Lot Size0.05 Acres
Price / SF$900.54
Days on Market97
Property Features for 103 16th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
8
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 5, Bedroom 7, Bathroom 5, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 8, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Park Slope
Standard status
Active
Size
2,986 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
12646
Building Details
Year built
1991
Floors in Building
3
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin
(718) 382-0001
Added: Jul 22
Changed: Oct 20
Last Checked: Oct 26 at 11:06AM
MLS# 503225
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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Investment Insights
Based on property information with market context.
This 2,986-square-foot three-family property contains a two-bedroom, one-bath first-floor residence and two upper-level residences with three bedrooms and 1.5 bathrooms each. A finished basement with its own entrance provides additional interior space. The building was constructed in 1991 with brick exterior walls, hardwood flooring, a flat roof, a refrigerator, and a stove.
The property occupies 0.0453 acres at 103 16th Street in Brooklyn’s Park Slope area. It is positioned near public transportation, shopping, restaurants, parks, and schools. R6B zoning applies to the property.
The property occupies 0.0453 acres at 103 16th Street in Brooklyn’s Park Slope area. It is positioned near public transportation, shopping, restaurants, parks, and schools. R6B zoning applies to the property.
Key Highlights
- Three‑family property with 2,986 square feet of building area
- Unit mix includes one 2‑bedroom residence and two 3‑bedroom residences
- Finished basement with separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,575
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,091,500
$2.1M
Cap Rate 7%
$1,493,929
$1.5M
Cap Rate 9%
$1,161,944
$1.2M
Market Conditions
NOI Build-Up for 2,986 SF
Gross rent
$152.3K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$149.4K $50.03/SF
− OpEx
−$44.8K −$15.01/SF
NOI
$104.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,091,500
Cap Rate 7%
$1,493,929
Cap Rate 9%
$1,161,944
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.31M – $1.74M
NOI $104,575 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,159 @ 7.0% cap · market cap 3.39%
Theoretical Best
Specialty Retail
$2.47M
$2.16M – $2.88M
NOI $173,069 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,737
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Functional layouts include a finished basement with separate entry and private front parking area.
Where is this triplex located?
The property is located at 103 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,689,000.
What are key features of this property?
This property features: Three‑family property with 2,986 square feet of building area; Unit mix includes one 2‑bedroom residence and two 3‑bedroom residences; Finished basement with separate entrance
