2053 E 16th Street, Brooklyn, NY 11229
MULTI_FAMILY - Brooklyn, NY
- Added:
- Dec 16, 2025
- Days on Market:
- 184
- Last Refresh:
- Jun 18 at 7:06 am
Property Features for 2053 E 16th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2
- Parking features
- Garage - Detached
- Interior features
- Dishwasher, Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,608 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11092
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Carpet
- Building materials
- Brick
Listing agent Joseph E. Baglio (718) 645-1665
Listing office MadisonEstates Sothebys Realty 2922 Avenue R, Brooklyn, NY (718) 645-1665
Listing date Dec 16, 2025
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.
HighLights
- Two‑family property with orthodontic office on the ground level and a spacious 3‑bedroom residential apartment above
- Brick construction, built in 1930
- Full basement with a 3/4 bath
- Private driveway with a detached 2‑car garage
- Interior includes dishwasher, refrigerator, and stove
- Flooring includes hardwood and carpet
Overview
Located in Brooklyn, the property is described as being just minutes from the Avenue U retail corridor and conveniently served by mass transit, supporting accessibility for both office and residential use. The listing further notes excellent visibility and foot traffic.
Designed for owner-users or investors seeking dual-purpose functionality, this turnkey property is ready for immediate occupancy or leasing with the ground-floor office and upper residential unit in place. The combination of a dedicated office space, a full basement with an additional bath, and off-street parking/garage makes it a practical option for tenants and buyers looking for a contained mixed-use arrangement.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.1k | $66.00 |
| − Vacancy | −$20.7k | −$7.92 |
| EGI | $151.5k | $58.08 |
| − OpEx | −$56.8k | −$21.78 |
| NOI | $94.7k | $36.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.955376
- Latitude
- 40.599815
