Attached Brick
New
For Sale
$829,000
1546 E 16th St, Brooklyn, NY 11230
Two-level layout includes separate living areas, an attached garage, and a private driveway.
Property Size1,872 SF
Days on Market3
Property Features for 1546 E 16th St
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
fair condition
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,491
Building Details
Building Size
1,872 SF
Year Built
1935
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin · License #MJL6058
(718) 382-0001
Source:
Elliman
Added: Sep 4
Changed: Sep 5
Last Checked: Sep 6 at 8:06AM
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 Momentum Real Estate LLC
Investment Insights
Based on property information with market context.
This two-family attached brick property offers separate living areas arranged across two levels, with 3 bedrooms and 2 full baths. An attached garage and private driveway add functional convenience. Built in 1935, the home is in fair condition with dated interior finishes, allowing the next owner to undertake updates and personalize the residence.
The property is located in Midwood at 1546 E 16th St, Brooklyn, NY 11230. Shopping, supermarkets, restaurants, schools, houses of worship, public transportation, and major roadways are nearby. Walk Score and Transit Score are both 93, while Bike Score is 68, reflecting strong access to local services and transportation options.
The property is located in Midwood at 1546 E 16th St, Brooklyn, NY 11230. Shopping, supermarkets, restaurants, schools, houses of worship, public transportation, and major roadways are nearby. Walk Score and Transit Score are both 93, while Bike Score is 68, reflecting strong access to local services and transportation options.
Key Highlights
- Two‑family attached brick property with separate living areas across two levels
- 3 bedrooms and 2 full baths
- Attached garage and private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,561
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,311,220
$1.3M
Cap Rate 7%
$936,586
$936.6K
Cap Rate 9%
$728,456
$728.5K
Market Conditions
NOI Build-Up for 1,872 SF
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.
Gross rent
$95.5K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$93.7K $50.03/SF
− OpEx
−$28.1K −$15.01/SF
NOI
$65.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,311,220
Cap Rate 7%
$936,586
Cap Rate 9%
$728,456
Alternative Uses
Best Use
Multifamily LT 5
$936.6K
$819.5K – $1.09M
NOI $65,561 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$816.4K
$714.4K – $952.5K
NOI $57,150 @ 7.0% cap · market cap 6.89%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,501 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,113
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level layout includes separate living areas, an attached garage, and a private driveway.
Where is this duplex located?
The property is located at 1546 E 16th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Two‑family attached brick property with separate living areas across two levels; 3 bedrooms and 2 full baths; Attached garage and private driveway
