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Brick Apartment Building
For Sale
$999,000

475 16th Street, Brooklyn, NY 11215

Residential, Brooklyn, NY

Property Size6,840 SF
Lot Size0.07 Acres
Price / SF$146.05
Days on Market409

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 Bedroom 7, Bedroom 9, Bedroom 10, Bedroom 3, Bedroom 4, Bathroom 5, Bedroom 14, Bedroom 5, Bedroom 12, Bathroom 7, Bedroom 6, Bedroom 8, Bedroom 1, Bedroom 11, Bathroom 8, Bedroom 15, Bathroom 4, Bedroom 16, Bathroom 3, Bathroom 6, Bedroom 13, Bathroom 2, Bedroom 2, Bathroom 1
Basement Unfinished, Full
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: Sep 15 Last Checked: Sep 18 at 1:06AM
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.

Built in 1920, this apartment building at 475 16th Street contains 6,840 square feet on a 0.0654-acre lot. The property features brick construction, hardwood flooring, a flat roof, 16 bedrooms, and 8 bathrooms. It is offered in its existing condition and is located in the R8B zoning district.

The property is in Windsor Terrace, Brooklyn, near Prospect Park and Farrell’s. One unit is rent controlled. A new boiler was installed in 11/2025, adding a recent mechanical improvement to the building’s existing configuration.

Key Highlights

  • 6,840‑square‑foot apartment building on a 0.0654‑acre lot
  • 16 bedrooms and 8 bathrooms
  • Brick construction with hardwood flooring

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Apartment building - Residential income property with hardwood flooring, flat roofing, and a new boiler installed in 11/2025.
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: 6,840‑square‑foot apartment building on a 0.0654‑acre lot; 16 bedrooms and 8 bathrooms; Brick construction with hardwood flooring
More about this property
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