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Brooklyn Multifamily Investment Opportunity

475 16th Street Brooklyn, NY 11215

475 16th Street, Brooklyn, NY, 11215

$999,000

For Sale

$999,000

MULTI_FAMILY - Brooklyn, NY

Property Size6,840 SF

Lot Size0.07 Acres

Price / SF$146.05

AddedAug 6, 2025

Days on Market343

Last RefreshJul 14 at 7:06 pm

Property Features for 475 16th Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R8B
Bedrooms: 16
Bathrooms: 8
Rooms: Bedroom 13, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 8, Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 11, Bathroom 2, Bathroom 8, Bedroom 7, Bathroom 6, Bedroom 4, Bedroom 12, Bedroom 16, Bedroom 1, Bedroom 9, Bedroom 15, Bedroom 6, Bedroom 14, Bedroom 10, Bathroom 7, Bedroom 3
Basement: Full, Unfinished
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 agent Robert Tracey License #TRART8436

Listing office Tracey Real Estate 3619 Ave S, Brooklyn, NY

Listing date Aug 6, 2025

MLS# 494825 Listing URL

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.

Located in Windsor Terrace, Brooklyn, this multifamily property presents an investment opportunity near Prospect Park and Farrell's Bar. The property has low rents, with only one unit under rent control. A new boiler was installed in November 2025. The property, sold in "AS IS" condition, offers growth and development potential.

Key Highlights

Brick building with flat roof and hardwood flooring
Year built: 1920
Investor special with low rents; only 1 unit is rent controlled

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Apartment buildings
NY
Brooklyn
11215
475 16th Street

What type of property is this?

Apartment building - Multifamily property in prime Windsor Terrace location near Prospect Park.

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: Brick building with flat roof and hardwood flooring; Year built: 1920; Investor special with low rents; only 1 unit is rent controlled

475 16th Street Brooklyn, NY 11215

MULTI_FAMILY - Brooklyn, NY

Property Features for 475 16th Street

General Information

Taxes and HOA fees

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

New Retail Condo with Indoor Parking

Retail Storefront with Operating Dry Cleaner

First-Floor and Cellar Commercial Condo

NNN Retail Strip with Parking

Storefront Condo with Parking

Retail and Office Building

Corner Medical Suite with Private Entrance

Turn-Key Supermarket Business Opportunity

Established Supermarket Business For Sale

Brooklyn Mixed-Use Investment Opportunity

Move-In Ready Medical Office Condo

Incomplete Renovation Church Conversion

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