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Brick Apartment Building with Flat Roof
For Sale
$999,000

475 16th Street, Brooklyn, NY 11215

MULTI_FAMILY - Brooklyn, NY

Property Size6,840 SF
Lot Size0.07 Acres
Price / SF$146.05
Days on Market373

Property Features for 475 16th Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R8B
Bedrooms 16
Bathrooms 8
Full bathrooms 8
Rooms Bathroom 7, Bedroom 2, Bedroom 9, Bathroom 2, Bedroom 4, Bedroom 13, Bathroom 3, Bedroom 15, Bedroom 7, Bedroom 12, Bathroom 6, Bedroom 3, Bedroom 10, Bedroom 14, Bedroom 6, Bedroom 8, Bedroom 16, Bedroom 11, Bathroom 1, Bathroom 8, Bathroom 4, Bathroom 5, Bedroom 5, Bedroom 1
Basement Full, Unfinished
Subdivision Windsor Terrace
Standard status Active
Size 6,840 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Annual Amount 23338

Building Details

Year built 1920
Number of units 8
Flooring type Hardwood
Building materials Brick
Roof type Flat
Listing Agency: Tracey Real Estate
Listed By: Robert Tracey · License #TRART8436
Added: Aug 6, 2025 Changed: Aug 4 Last Checked: Aug 13 at 2:06PM
MLS# 494825

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.

Brick apartment building with a flat roof, hardwood flooring, and a year built of 1920. The property is being sold “AS IS.” The update provided is a new boiler installed 11/2025.

Set on a 0.0654-acre lot with 6,840 square feet of building area, the property is zoned R8B. PublicRemarks indicate that only 1 unit is rent controlled.

This is an investor-oriented multifamily asset configured as an apartment building, with construction in brick and common interior finish noted as hardwood flooring. Unit-level specifics are not provided beyond the rent-controlled note.

Key Highlights

  • R8B zoning
  • Brick construction with flat roof
  • New boiler installed 11/2025

Property Analytics

Current Use

Apartment buildings

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

2,648
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick apartment building in R8B zoning with a flat roof; new boiler installed 11/2025 and sold as-is.
Where is this apartment building 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: R8B zoning; Brick construction with flat roof; New boiler installed 11/2025
More about this property
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