Spacious Detached Three-Family
2572 16th Street Brooklyn, NY 11214
For Sale
$2,688,000
Large, newly constructed three-family home with parking and modern amenities.
Property Size6,348 SF
Lot Size0.09 Acres
Price / SF$423.44
Days on Market577
Property Features for 2572 16th Street
General Information
- Standard status
- Active
- Size
- 6,348 SF
- Lot size
- 0.09 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1995
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Emily Hui Chen-Liang
(917) 708-9966
Source:
Exitrealty
Added: Dec 25, 2024
Changed: Jul 6
Last Checked: Jul 25 at 3:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tiger Realty
Investment Insights
Based on property information with market context.
This is a detached three-family home constructed in 1995. The building measures 31x55 feet on a 40x100 foot lot. A private driveway accommodates parking for up to five cars. The residence features an elegant European design with three units, each containing three bedrooms and 3.5 bathrooms. Marble and hardwood flooring extends throughout the home, which includes large rooms and ample closet and storage space. The property has a large front yard, laundry room, and boiler room. A built-in dry well in the backyard helps prevent flooding. Each of the three units has a separate heating and air conditioning system. The location provides convenient access to the Belt Parkway, transportation, and shops on 86th Street. The owner lives on the property.
Key Highlights
- Large, fully detached 3‑family new construction (built in 1995) with a building size of 31x55 on a 40x100 lot.
- Private driveway that can park up to 5 cars.
- Custom‑built with top‑of‑the‑line construction, materials, and elegant European design.
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 | $259.0k | $40.80 |
| − Vacancy | −$11.7k | −$1.84 |
| EGI | $247.3k | $38.96 |
| − OpEx | −$74.2k | −$11.69 |
| NOI | $173.1k | $27.27 |
6,348 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.47M
$2.16M – $2.89M
NOI $173,140 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$2.22M
$1.94M – $2.59M
NOI $155,173 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$3.70M
$3.24M – $4.32M
NOI $259,218 @ 7.0% cap · market cap 9.64%
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 - Large, newly constructed three-family home with parking and modern amenities.
Where is this triplex located?
The property is located at 2572 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,688,000.
What are key features of this property?
This property features: Large, fully detached 3‑family new construction (built in 1995) with a building size of 31x55 on a 40x100 lot.; Private driveway that can park up to 5 cars.; Custom‑built with top‑of‑the‑line construction, materials, and elegant European design.
