Duplex with Detached
New
For Sale
$1,399,888
1763 E 16th Street, Brooklyn, NY 11229
Residential, Brooklyn, NY
Property Size1,928 SF
Lot Size0.07 Acres
Price / SF$726.08
Days on Market7
Property Features for 1763 E 16th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2
Parking features
Garage - Detached
Interior features
A/C Unit - Window, Dishwasher, Dryer, Refrigerator
Basement
Unfinished, Full
Subdivision
Homecrest
Standard status
Active
Size
1,928 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
9086
Building Details
Year built
1925
Number of units
2
Flooring type
Parquet Wood
Buildings
1
Listing Agency:
Hometime Estates of Brooklyn L
Listed By:
Lee Goldstein
(718) 524-0400
Added: Oct 26
Changed: Oct 28
Last Checked: Nov 1 at 5:06PM
MLS# 505629
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 duplex contains 1,928 square feet across two apartments. The upper unit has three bedrooms, one full bath, a combined living and dining room, and a kitchen. The lower unit includes two bedrooms, one full bath, a combined living and dining room, and a kitchen. Both apartments have parquet flooring. A full unfinished basement, shared driveway, and detached two-car garage complete the property, which occupies a 3,000-square-foot lot.
The property is near the Q and B subway lines, the B31 bus, shopping, and houses of worship.
The property is near the Q and B subway lines, the B31 bus, shopping, and houses of worship.
Key Highlights
- Two apartments: upper unit has 3 bedrooms; lower unit has 2 bedrooms
- 1,928 square feet of building area on a 3,000‑square‑foot lot
- Detached two‑car garage and shared driveway
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
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer five bedrooms in total, with a full unfinished basement and shared driveway.
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: Two apartments: upper unit has 3 bedrooms; lower unit has 2 bedrooms; 1,928 square feet of building area on a 3,000‑square‑foot lot; Detached two‑car garage and shared driveway
