Two-Family Home in Coney
2717 W 16th Street, Brooklyn, NY 11224
New
MULTI_FAMILY - Brooklyn, NY
Property size:
2,160 SFLot size:
0.05 AcresPrice / SF:
$453/SF- Added:
- May 29, 2026
- Days on Market:
- 2
- Last Refresh:
- May 30 at 10:06 pm
Property Features for 2717 W 16th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- M1-2
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1
- Interior features
- Laundry Area, Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,160 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3327
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Wood Frame
- Roof type
- Flat
Listing agent Ping Chen (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date May 29, 2026
MLS# 501839
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.
HighLights
- Two‑family home delivered vacant, offering immediate occupancy or rental income potential.
- Prime Coney Island location near the Boardwalk, beach, Luna Park, and New York Aquarium.
- Convenient access to D, F, N, and Q subway lines, multiple bus routes, and major roadways.
- Generous 20' x 118' lot providing ample space.
- Functional 2‑bedroom over 2‑bedroom layout in each unit.
- Full basement with separate entrance, storage area, and 3/4 bathroom.
Overview
This semi-attached two-family home is located in Coney Island, Brooklyn, on a 20' x 118' lot. The property features a 2-bedroom over 2-bedroom layout, with each unit including a living room, dining room, kitchen, and one full bathroom. The property is suitable for end-users looking to customize a home or investors seeking a value-add opportunity. The full basement, accessible through a separate front entrance, includes a storage area and a 3/4 bathroom. The property is located near shopping centers, supermarkets, restaurants, schools, parks, and neighborhood amenities. Transportation options include access to the D, F, N, and Q subway lines, multiple bus routes, and major roadways. The Coney Island Boardwalk, beach, Luna Park, New York Aquarium, and Caesar's Bay Shopping Center are nearby. The property, with M1-2 zoning, offers 2160 square feet of space on a 0.0545-acre lot. The property will be delivered vacant at closing.
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 | $110.2k | $51.00 |
| − Vacancy | −$2.1k | −$0.97 |
| EGI | $108.1k | $50.03 |
| − OpEx | −$32.4k | −$15.01 |
| NOI | $75.6k | $35.02 |
2,160 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$945.6K – $1.26M
NOI $75,647 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$942.0K
$824.3K – $1.10M
NOI $65,943 @ 7.0% cap · market cap 6.73%
Theoretical Best
Specialty Retail
$1.79M
$1.56M – $2.09M
NOI $125,194 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.984212
- Latitude
- 40.581071
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Semi-attached two-family home near Coney Island Boardwalk.
Where is this duplex located?
The property is located at 2717 W 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Two‑family home **delivered vacant**, offering immediate occupancy or rental income potential.; **Prime Coney Island location** near the Boardwalk, beach, Luna Park, and New York Aquarium.; Convenient access to D, F, N, and Q subway lines, multiple bus routes, and major roadways.
