Two-Residence Brick
New
For Sale
$1,350,000
8668 16th Ave, Brooklyn, NY 11214
A two-story layout contains separate residences on an R5-zoned lot.
Property Size2,907 SF
Price / SF$464.40
Days on Market7
Property Features for 8668 16th Ave
General Information
Standard status
Active
Size
2,907 SF
Property subtype
Multi Family
Zoning
R5
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,309
Building Details
Building Size
2,907 SF
Year Built
1901
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 4:12PM
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 Tiger Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1901 brick duplex rises two stories and contains 2,907 square feet arranged as two separate residences. The R5-zoned lot supports the property’s two-residence configuration.
The property is near 86th Street and Benson Avenue in Brooklyn. Walk Score is 92, Transit Score is 80, and Bike Score is 55.
The property is near 86th Street and Benson Avenue in Brooklyn. Walk Score is 92, Transit Score is 80, and Bike Score is 55.
Key Highlights
- Two separate residences in a two‑story building
- 2,907 square feet
- Built in 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,288
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,585,760
$1.6M
Cap Rate 7%
$1,132,686
$1.1M
Cap Rate 9%
$880,978
$881.0K
Market Conditions
NOI Build-Up for 2,907 SF
Gross rent
$118.6K $40.80/SF
− Vacancy
−$5.3K −$1.84/SF
EGI
$113.3K $38.96/SF
− OpEx
−$34.0K −$11.69/SF
NOI
$79.3K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,585,760
Cap Rate 7%
$1,132,686
Cap Rate 9%
$880,978
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$991.1K – $1.32M
NOI $79,288 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$1.02M
$888.3K – $1.18M
NOI $71,060 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,706 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,677
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A two-story layout contains separate residences on an R5-zoned lot.
Where is this duplex located?
The property is located at 8668 16th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two separate residences in a two‑story building; 2,907 square feet; Built in 1901
