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    Gut-Renovated 12-Unit Apartment Building Title is generated by Realmo AI

    16 & 18 Lenox Road 12 Brooklyn, Ny, NY 11226

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    New
    For Sale
    $4,650,000

    100% occupied 12-unit building with separate meters, basement, and 6 parking spaces in a gut renovation completed in 2024.

    Property size:
    9,834 SF
    Price / SF:
    $472/SF
    Added:
    Jul 8, 2026
    Days on Market:
    2
    Last Refresh:
    Jul 9 at 2:14 am

    Property Features for 16 & 18 Lenox Road 12 Brooklyn

    General Information

    Standard status
    Active
    Size
    9,834 SF

    Building Details

    Year Built
    1912

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    Howard Payson
    Howard Payson

    Listing office RE/MAX TOWN & COUNTRY

    Listing date Jul 8, 2026

    Source Town-and-country-fishkill-ny.remax

    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 RE/MAX TOWN & COUNTRY

    HighLights

    • 12‑unit free‑market apartment building in Brooklyn (100% occupied) with (7) 2BR and (5) 1BR units.
    • Gut renovation completed in 2024; includes security camera system, all‑new LED lighting, and A/C.
    • Built in 1912 with high 9' ceilings and a basement; separate meters for the building.
    • R6B zoning; public water service and 3‑phase power reported.
    • Gross income of $368,100 annually with reported total expenses of $96,365.84 annually and NOI of $274,731.16 annually.
    • On‑site parking: 6 spaces (parking features listed as on‑street and other).

    Overview

    This for-sale multifamily property is a 12-unit free market apartment building with seven two-bedroom apartments and five one-bedroom apartments. Improvements include a basement, separate meters, high 9’ ceilings, an on-site security camera system, and all-new LED lighting. The building also includes A/C and 3-phase power, along with six parking spaces.

    The property is located in Brooklyn in the Flatbush area just off Rt. 27, near major cultural and park amenities including the Brooklyn Museum, Kings Theatre, and Prospect Park, and minutes from I-278. Public remarks cite an R6B zoning designation and highlight nearby retail and services.

    Operating information is provided for each of the 12 apartments, along with annual income and expense figures and a stated net operating income (NOI).
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Pet Grooming Service Nursing Home Nursing Home (Bike/Boat/Book/etc) Store Clothing & Fashion Store Adult Day Care Buffet (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ny
    County
    New York
    State
    New York
    Longitude
    -73.9564
    Latitude
    40.6463

    FAQs

    What type of property is this?
    Apartment building - 100% occupied 12-unit building with separate meters, basement, and 6 parking spaces in a gut renovation completed in 2024.
    Where is this apartment building located?
    The property is located at 16 & 18 Lenox Road 12 Brooklyn Ny, NY.
    What is the asking price?
    The asking price for this property is $4,650,000.
    What are key features of this property?
    This property features: 12‑unit free‑market apartment building in Brooklyn (100% occupied) with (7) 2BR and (5) 1BR units.; Gut renovation completed in 2024; includes security camera system, all‑new LED lighting, and A/C.; Built in 1912 with high 9' ceilings and a basement; separate meters for the building.
    More about this property
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