Building Details

Building Size 6,840 SF

Year Built 1920

Listing Agency: Tracey Real Estate

Listed By: Robert Tracey · License #TRART8436 Show Phone

Source: Penrealty

Added: Aug 6, 2025 Changed: Oct 10 Last Checked: Oct 10 at 2:14AM

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Investment Insights

Based on property information with market context.

This multifamily property in Windsor Terrace is being sold as-is. The building dates to 1920, and a boiler was installed in November 2025. One unit is rent controlled.

The property is in Brooklyn, with Prospect Park and Farrell's Bar identified as nearby destinations.

Key Highlights

• Boiler installed in 11/2025
• Built in 1920
• One unit is rent controlled

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Hair Salon Parking Lot & Garage Nail Salon Accounting Firm Barber Shop

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

Location Intelligence

Trade Area within ½ mile

4,427

Businesses Nearby

Explore this area Business Placement

Demographics for 11215, NY

67,493

Population

32,197

Households

2.1

Avg Household Size

37

Median Age

80%

College-Educated

96%

High-School Grad

2.2 sq mi

ZIP Area

30,679

Density / Sq Mi

$180,773

Median Household Income

$99,151

Median Earnings

$2,803

Median Rent

$1,674,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - One unit is rent controlled, with the property offered in its current condition.

Where is this multifamily property located?

The property is located at 475 16th Street Brooklyn, NY.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: Boiler installed in 11/2025; Built in 1920; One unit is rent controlled