2-Unit Brick
For Sale
$1,399,000
6913 16th Avenue, Brooklyn, NY 11204
Two apartments offer distinct bedroom and bathroom configurations, with additional finished space in the basement.
Property Size2,120 SF
Price / SF$659.91
Days on Market77
Property Features for 6913 16th Avenue
General Information
Standard status
Active
Size
2,120 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Buildings
1
Construction
brick
Listing Agency:
Re/Max Real Estate Professiona
Listed By:
Siu Lun (Allen)Tang
(718) 872-5522
Source:
Gosenproperties
Added: Aug 17
Changed: Oct 29
Last Checked: Nov 1 at 1:25AM
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 Re/Max Real Estate Professiona
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Investment Insights
Based on property information with market context.
This two-family, all-brick residence contains 2,120 square feet and measures 20x53 feet. The first-floor apartment has three bedrooms and two full bathrooms; upstairs, the second apartment includes three bedrooms and one full bathroom. High ceilings feature throughout, and a finished basement with its own entrance adds recreation and storage space. The hot water boiler and heating system are five years old.
The property is near the D and N trains and is close to supermarkets, shops, restaurants, and local services. Its two separate apartments and additional basement space provide a range of residential configurations.
The property is near the D and N trains and is close to supermarkets, shops, restaurants, and local services. Its two separate apartments and additional basement space provide a range of residential configurations.
Key Highlights
- Two apartments: first floor has 3 bedrooms and 2 full bathrooms; second floor has 3 bedrooms and 1 full bathroom
- 2,120 square feet; building measures 20x53 feet
- Finished basement with separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,246
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,920
$1.5M
Cap Rate 7%
$1,060,657
$1.1M
Cap Rate 9%
$824,956
$825.0K
Market Conditions
NOI Build-Up for 2,120 SF
Gross rent
$108.1K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$106.1K $50.03/SF
− OpEx
−$31.8K −$15.01/SF
NOI
$74.2K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,920
Cap Rate 7%
$1,060,657
Cap Rate 9%
$824,956
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$928.1K – $1.24M
NOI $74,246 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$924.6K
$809.0K – $1.08M
NOI $64,721 @ 7.0% cap · market cap 4.63%
Theoretical Best
Specialty Retail
$1.76M
$1.54M – $2.05M
NOI $122,875 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,910
Businesses Nearby
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Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer distinct bedroom and bathroom configurations, with additional finished space in the basement.
Where is this duplex located?
The property is located at 6913 16th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two apartments: first floor has 3 bedrooms and 2 full bathrooms; second floor has 3 bedrooms and 1 full bathroom; 2,120 square feet; building measures 20x53 feet; Finished basement with separate entrance
