Three-Family Residential Income
103 16th Street Brooklyn, NY 11215
New
For Sale
$2,689,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,986 SF
Lot Size0.05 Acres
Price / SF$900.54
Days on Market5
Property Features for 103 16th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bathroom 5, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 8, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 1
- Interior features
- Refrigerator, Stove
- Basement
- Finished
- 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
(718) 382-0001
Listed By:
Meijuan (Minnie) Lin · License #10401310408
(718) 382-0001
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 26 at 5:06PM
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.
Investment Insights
Based on property information with market context.
Well-maintained three-family residential income property located at 103 16th Street in Brooklyn, NY 11215. The first-floor unit includes 2 bedrooms and 1 full bathroom. The second and third-floor units each offer 3 bedrooms and 1.5 bathrooms. A finished basement with a separate entrance provides additional functional space.
The property includes a private front parking area for added convenience. Zoning is listed as R6B.
Overall building size is 2,986 square feet. The lot size is listed as 0.0453 acres.
The property includes a private front parking area for added convenience. Zoning is listed as R6B.
Overall building size is 2,986 square feet. The lot size is listed as 0.0453 acres.
Key Highlights
- 3‑family property with finished basement and separate entrance
- Unit mix: first‑floor 2BR/1BA; second- and third‑floor units each offer 3BR/1.5BA
- Brick construction and flat roof
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 | $152.3k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $149.4k | $50.03 |
| − OpEx | −$44.8k | −$15.01 |
| NOI | $104.6k | $35.02 |
2,986 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-family building with unit layouts ranging from 2 to 3 bedrooms, plus a finished basement with separate entrance.
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: 3‑family property with finished basement and separate entrance; Unit mix: first‑floor 2BR/1BA; second- and third‑floor units each offer 3BR/1.5BA; Brick construction and flat roof
