Two-Unit Brick
2180 E 16th Street Brooklyn, NY 11229
New
2180 E 16th Street, Brooklyn, NY, 11229
$749,000
For Sale
$749,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,568 SF
Lot Size0.04 Acres
Price / SF$477.68
Days on Market3
Property Features for 2180 E 16th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- r5
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2
- Parking features
- Garage - Attached
- Patio and Porch features
- Deck
- Interior features
- A/C Unit - Wall, Deck, Refrigerator
- Standard status
- Active
- Size
- 1,568 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8455
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Ranch
Listing agency
Pride Estates
(718) 569-2888
Listed by
Danny D. Chung
(718) 569-2888
Added: Jul 20 Updated: Jul 21 at 4:37PM Checked: Jul 22 at 7:06AM
MLS# 503147
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.
Investment Insights
Based on property information with market context.
This two-family brick duplex offers two separate units. The upper unit includes two bedrooms and one bathroom, along with a living room, dining area, and kitchen. The lower unit features one bedroom and one bathroom, with a living room and kitchen.
The property includes two electric meters and two gas meters, along with an attached garage and a private driveway. It is located near shopping, restaurants, places of worship, parks, schools, and within minutes of the subway.
For sale in Sheepshead Bay, this residential income property is set on a small lot and presents a straightforward two-unit layout for an owner-occupant or investor.
The property includes two electric meters and two gas meters, along with an attached garage and a private driveway. It is located near shopping, restaurants, places of worship, parks, schools, and within minutes of the subway.
For sale in Sheepshead Bay, this residential income property is set on a small lot and presents a straightforward two-unit layout for an owner-occupant or investor.
Key Highlights
- 2‑family brick home in Sheepshead Bay with a top unit (2BR/1BA) and a bottom unit (1BR/1BA)
- Top floor layout includes living room, dining area, and kitchen; bottom floor includes living room and kitchen
- Each unit has its own utilities with 2 electric meters and 2 gas meters
Local Financial Insights For Multifamily LT 5
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 | $80.0k | $51.00 |
| − Vacancy | −$1.5k | −$0.97 |
| EGI | $78.4k | $50.03 |
| − OpEx | −$23.5k | −$15.01 |
| NOI | $54.9k | $35.02 |
1,568 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$784.5K
$686.4K – $915.2K
NOI $54,914 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$683.8K
$598.4K – $797.8K
NOI $47,869 @ 7.0% cap · market cap 6.39%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.51M
NOI $90,881 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family brick home with two electric meters, two gas meters, and an attached garage with private driveway.
Where is this duplex located?
The property is located at 2180 E 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2‑family brick home in Sheepshead Bay with a top unit (2BR/1BA) and a bottom unit (1BR/1BA); Top floor layout includes living room, dining area, and kitchen; bottom floor includes living room and kitchen; Each unit has its own utilities with 2 electric meters and 2 gas meters
