Detached Three-Family Home in
2572 W 16th Street Brooklyn, NY 11214
2572 W 16th Street, Brooklyn, NY, 11214
$2,688,000
For Sale
$2,688,000
MULTI_FAMILY - Brooklyn, NY
Property Size6,348 SF
Lot Size0.09 Acres
Price / SF$423.44
Days on Market570
Property Features for 2572 W 16th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 9
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bathroom 4, Bedroom 8, Bathroom 3, Bedroom 9, Bathroom 2, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 7, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 6,348 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 20841
Building Details
- Year built
- 1995
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
Tiger Realty
(917) 708-9966
1484 86th Street, Brooklyn, NY
Listed by
Emily Hui Chen-Liang
(917) 708-9966
Added: Dec 24, 2024 Checked: Jul 17 at 7:06 am
MLS# 488229
Listing URL
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 is a fully detached, newly constructed (built in 1995) three-family home. The building measures 31x55, situated on a 40x100 lot. A private driveway accommodates parking for up to 5 cars. The home features elegant European design with top-of-the-line construction and materials. Each of the three units includes 3 bedrooms and 3.5 baths, with marble and hardwood flooring throughout. The units offer large rooms and ample closet and storage space. The property includes a large front yard with a laundry room and boiler room. The backyard has a built-in dry well to prevent flooding. There are 3 separate heating and A/C systems, one for each unit. The property is located minutes from Belt Parkway and transportation and shops on 86th Street. The property size is 6,348 square feet and the lot size is 0.0918 acres. The zoning is R5.
Key Highlights
- Fully detached 3‑family home built in 1995 (brick construction)
- Building size 31 x 55 on a 40 x 100 lot, with a private driveway for up to 5 cars
- 3 separate heating systems and A/C for all 3 units
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 | $259.0k | $40.80 |
| − Vacancy | −$11.7k | −$1.84 |
| EGI | $247.3k | $38.96 |
| − OpEx | −$74.2k | −$11.69 |
| NOI | $173.1k | $27.27 |
6,348 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.47M
$2.16M – $2.89M
NOI $173,140 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$2.22M
$1.94M – $2.59M
NOI $155,173 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$3.70M
$3.24M – $4.32M
NOI $259,218 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Spacious, newly constructed three-family home with private driveway.
Where is this triplex located?
The property is located at 2572 W 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,688,000.
What are key features of this property?
This property features: Fully detached 3‑family home built in 1995 (brick construction); Building size 31 x 55 on a 40 x 100 lot, with a private driveway for up to 5 cars; 3 separate heating systems and A/C for all 3 units
