Renovated Detached Multi-Family
336 East 16th Street New York, NY 10003
336 East 16th Street, New York, NY, 10003
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For Sale
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Renovated detached home with multiple residential levels and updated systems, including new 2026 heating and water equipment.
Property Size2,860 SF
Price / SF$926.57
Days on Market55
Property Features for 336 East 16th Street
General Information
- Standard status
- Active
- Size
- 2,860 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing agency
Landmark International Real Estate
Listed by
Dongyue Niu · License #10401282827
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:52PM Checked: Jul 20 at 2:02AM
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 Landmark International Real Estate
Investment Insights
Based on property information with market context.
This renovated detached residence is set up as a multi-level income property with distinct living spaces. The first floor features three spacious bedrooms and includes a fully renovated kitchen and bathroom. New plumbing and electrical were installed throughout the home as part of the 2017 renovation. The second floor provides a separate two-bedroom apartment, while the third floor includes a stand-up attic with a one-bedroom apartment. A separate, own entrance is also described for the basement.
The property is located in the Ditmars Park area, with walking distance access to the Q train at Cortelyou Rd. The public remarks also note ample nearby shopping, supporting everyday convenience for tenants.
For prospective buyers, this configuration may appeal to those seeking an owner-occupant or investor opportunity centered on a renovated detached structure with updated major systems. With heating and hot water equipment replaced at the beginning of 2026, the home offers clear, documented improvements. The multi-level layout can provide flexibility for tenants who want separate spaces within the same building.
The property is located in the Ditmars Park area, with walking distance access to the Q train at Cortelyou Rd. The public remarks also note ample nearby shopping, supporting everyday convenience for tenants.
For prospective buyers, this configuration may appeal to those seeking an owner-occupant or investor opportunity centered on a renovated detached structure with updated major systems. With heating and hot water equipment replaced at the beginning of 2026, the home offers clear, documented improvements. The multi-level layout can provide flexibility for tenants who want separate spaces within the same building.
Key Highlights
- Detached home (built 1920) with multiple residential levels, including basement with separate own entrance
- Owner fully renovated the home in 2017, including a fully renovated kitchen and bathroom
- First floor offers 3 bedrooms and 1,225 sqft
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 | $145.9k | $51.00 |
| − Vacancy | −$7.6k | −$2.65 |
| EGI | $138.3k | $48.35 |
| − OpEx | −$41.5k | −$14.50 |
| NOI | $96.8k | $33.84 |
2,860 SF · lease $51.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,793 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,482 @ 7.0% cap · market cap 3.38%
Theoretical Best
Specialty Retail
$7.12M
$6.23M – $8.31M
NOI $498,326 @ 7.0% cap · market cap 18.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Renovated detached home with multiple residential levels and updated systems, including new 2026 heating and water equipment.
Where is this quadplex located?
The property is located at 336 East 16th Street New York, NY.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Detached home (built 1920) with multiple residential levels, including basement with separate own entrance; Owner fully renovated the home in 2017, including a fully renovated kitchen and bathroom; First floor offers 3 bedrooms and 1,225 sqft
