Detached Two-Family
New
For Sale
$1,399,888
1763 E 16th Street, Brooklyn, NY 11229
Residential Income, Brooklyn, NY
Property Size1,928 SF
Lot Size0.07 Acres
Price / SF$726.08
Days on Market5
Property Features for 1763 E 16th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
B2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Parking features
Driveway, Garage
Interior features
Ceiling Fan(s)
Basement
Unfinished, Full
Lot features
Front Yard, Back Yard
Subdivision
Homecrest
Standard status
Active
APN
06799-0065
Size
1,928 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
9086
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Steam
Cooling system
Window Unit(s)
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Building materials
Stucco, Vinyl Siding
Architectural style
Colonial
Buildings
1
Listing Agency:
Hometime Estates LLC
Listed By:
Pamela Katzman
(718) 524-0400
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 26 at 8:06AM
MLS# 2605972
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1925, this detached Colonial contains two apartments in 1,928 square feet. The upper residence has three bedrooms, one full bath, a combined living and dining room, and a kitchen. The lower apartment includes two bedrooms, one full bath, a combined living and dining room, and a kitchen. Both units have parquet floors. A full unfinished basement, shared driveway, and detached two-car garage are also part of the property.
The 0.0689-acre parcel is in Brooklyn, with the Q and B subway lines and B31 bus service nearby. Shopping and houses of worship are also in the surrounding area. The property is zoned B2.
The 0.0689-acre parcel is in Brooklyn, with the Q and B subway lines and B31 bus service nearby. Shopping and houses of worship are also in the surrounding area. The property is zoned B2.
Key Highlights
- Detached two‑family property with 1,928 square feet
- Upper apartment has 3 bedrooms; lower apartment has 2 bedrooms
- Full unfinished basement and detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,522
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,440
$1.4M
Cap Rate 7%
$964,600
$964.6K
Cap Rate 9%
$750,244
$750.2K
Market Conditions
NOI Build-Up for 1,928 SF
Gross rent
$98.3K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$96.5K $50.03/SF
− OpEx
−$28.9K −$15.01/SF
NOI
$67.5K $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 Rate 5%
$1,350,440
Cap Rate 7%
$964,600
Cap Rate 9%
$750,244
Alternative Uses
Best Use
Multifamily LT 5
$964.6K
$844.0K – $1.13M
NOI $67,522 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$840.9K
$735.8K – $981.0K
NOI $58,860 @ 7.0% cap · market cap 4.20%
Theoretical Best
Specialty Retail
$1.60M
$1.40M – $1.86M
NOI $111,747 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,560
Businesses Nearby
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Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate three-bedroom and two-bedroom apartments offer distinct living spaces within the same home.
Where is this duplex located?
The property is located at 1763 E 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,888.
What are key features of this property?
This property features: Detached two‑family property with 1,928 square feet; Upper apartment has 3 bedrooms; lower apartment has 2 bedrooms; Full unfinished basement and detached two‑car garage
