Gut-Renovated 12-Unit Apartment
For Sale
$4,650,000
16 & 18 Lenox Road, Brooklyn, NY 11226
Commercial Sale, Brooklyn, NY
Property SizeContact for details
Lot Size0.09 Acres
Days on Market86
Property Features for 16 & 18 Lenox Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R6B
Parking
6
Parking features
On Street
Elementary school district
Brooklyn 17
Middle school district
Brooklyn 17
High school district
Brooklyn 17
Directions
Flatbush Avenue & Lenox Road
Standard status
Active
APN
05083-0020
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
71292
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
security camera system
high 9' ceilings
basement
separate meters
3 phase power
all new LED lighting
A/C
Building Details
Year built
1912
Number of units
12
Building materials
Brick, Frame
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Added: Jun 5
Changed: Aug 19
Last Checked: Aug 29 at 7:06AM
MLS# 1009859
Copyright © 2026 OneKey MLS. 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.
This 12-unit apartment building combines brick and frame construction with a residential layout featuring 7 two-bedroom apartments and 5 one-bedroom apartments. The property is 100% occupied and underwent a gut renovation in 2024. Interior and operational features include high 9' ceilings, a basement, separate meters, air conditioning, a security camera system, three-phase power, and LED lighting. Natural gas service, public water, and public sewer are in place.
The property occupies 0.0923 acres at 16 & 18 Lenox Road in Brooklyn, within Flatbush and near Rt. 27. Prospect Park, the Brooklyn Museum, and Kings Theatre are identified nearby, while I-278 provides regional highway access. The surrounding commercial environment includes national retailers, financial services, fitness, food, pharmacy, and postal users.
Built in 1912, the property carries R6B zoning and includes an established apartment configuration with separate metering and updated building systems.
The property occupies 0.0923 acres at 16 & 18 Lenox Road in Brooklyn, within Flatbush and near Rt. 27. Prospect Park, the Brooklyn Museum, and Kings Theatre are identified nearby, while I-278 provides regional highway access. The surrounding commercial environment includes national retailers, financial services, fitness, food, pharmacy, and postal users.
Built in 1912, the property carries R6B zoning and includes an established apartment configuration with separate metering and updated building systems.
Key Highlights
- 12‑unit apartment building with 7 two‑bedroom apartments and 5 one‑bedroom apartments
- 100% occupied; entire building underwent a gut renovation in 2024
- R6B zoning on a 0.0923‑acre property at 16 & 18 Lenox Road
Property Analytics
Property Profile
Current Use
Lease Details
9 ft
Clear height
12
Residential units
100%
Occupancy
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,704
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
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?
Apartment building - R6B-zoned apartment property with full occupancy, updated systems, and a balanced mix of one- and two-bedroom units.
Where is this apartment building located?
The property is located at 16 & 18 Lenox Road Brooklyn, 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 apartment building with 7 two‑bedroom apartments and 5 one‑bedroom apartments; 100% occupied; entire building underwent a gut renovation in 2024; R6B zoning on a 0.0923‑acre property at 16 & 18 Lenox Road
