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Renovated Three-Family Triplex
New
For Sale
$1,450,000

2869 West 16th St, Brooklyn, NY 11224

Updated multifamily property with three separate living levels and flexible residential layouts.

Property SizeContact for details
Lot Size0.05 Acres
Days on Market2

Property Features for 2869 West 16th St

General Information

Standard status Active
Lot size 0.05 Acres
Property subtype Multi Family

Units

Unit Mix 1 x 3BR/1BA, 1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units 3

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $4,879

Building Details

Year Built 1930
Buildings 1
Stories 3
Listing Agency: RE/MAX Edge
Listed By: Cuie (Maggie) Wu · License #10401322631
Source: Elliman
Added: Sep 10 Last Checked: Sep 10 at 2:44PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Edge

Investment Insights

Based on property information with market context.

This renovated triplex at 2869 West 16th St features three distinct residential levels with substantial room proportions and practical floor plans. The first and second floors each contain 3 bedrooms, a living room, kitchen, and full bathroom. The walk-in basement adds 2 bedrooms, a living room, kitchen, and full bathroom. The approximately 20 x 65-foot building footprint sits on a 20 x 119 lot, providing a three-family configuration with varied living arrangements across the property.

Built in 1930, the home combines updated interiors with original character. Transit access includes the B, D, Q, N, R, and F subway lines, while Luna Park, the New York Aquarium, and the Coney Island beach and Boardwalk are nearby. The property records a walk score of 83, transit score of 87, and bike score of 67.

Key Highlights

  • Three‑family triplex with 3 bedrooms on each of the first two floors
  • Walk‑in basement includes 2 bedrooms, living room, kitchen, and full bathroom
  • Approximately 20 x 65‑foot building footprint on a 20 x 119 lot

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Accounting Firm Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,939
Businesses Nearby

Demographics for 11224, NY

46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Updated multifamily property with three separate living levels and flexible residential layouts.
Where is this triplex located?
The property is located at 2869 West 16th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Three‑family triplex with 3 bedrooms on each of the first two floors; Walk‑in basement includes 2 bedrooms, living room, kitchen, and full bathroom; Approximately 20 x 65‑foot building footprint on a 20 x 119 lot
More about this property
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