Triplex with Private Front
8674 16th Avenue Brooklyn, NY 11214
For Sale
$1,680,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,400 SF
Lot Size0.03 Acres
Price / SF$700
Days on Market98
Property Features for 8674 16th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
3
Rooms
Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 1
Patio and Porch features
Porch
Interior features
A/C Unit - Window, Porch, Refrigerator
Basement
Finished
Standard status
Active
Size
2,400 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
9163
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
XiaoMei(May) He
(718) 612-3088
Added: Apr 24
Changed: Jun 21
Last Checked: Jul 30 at 8:06AM
MLS# 500841
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.
Welcome to 8674 16th Avenue, a well-maintained residential income property in Brooklyn, NY 11214. The home is configured as a 2-family and currently set up for use as 3 units, offering flexible layouts for an end-user or income-focused buyer. Upgraded electrical services are in place, and the property is scheduled to deliver vacant at closing.
The property sits on a R5 zoned lot and includes private front parking, providing convenient off-street parking right at the home. It is positioned near shopping along 86th Street, a variety of restaurants, and public transportation options, supporting day-to-day accessibility.
For tenants or buyers seeking a multi-unit setup, this configuration provides multiple living spaces within a single property while keeping the overall residential character. The availability of upgraded electrical services and the private front parking access add practical day-to-day value. With vacancy at closing, a purchaser can plan the next steps with fewer constraints.
The property sits on a R5 zoned lot and includes private front parking, providing convenient off-street parking right at the home. It is positioned near shopping along 86th Street, a variety of restaurants, and public transportation options, supporting day-to-day accessibility.
For tenants or buyers seeking a multi-unit setup, this configuration provides multiple living spaces within a single property while keeping the overall residential character. The availability of upgraded electrical services and the private front parking access add practical day-to-day value. With vacancy at closing, a purchaser can plan the next steps with fewer constraints.
Key Highlights
- Brick 2‑family home set up for 3 units, offering flexible living arrangements
- Will be delivered vacant at closing
- Upgraded electrical service
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.9k | $40.80 |
| − Vacancy | −$4.4k | −$1.84 |
| EGI | $93.5k | $38.96 |
| − OpEx | −$28.1k | −$11.69 |
| NOI | $65.5k | $27.27 |
2,400 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$935.1K
$818.3K – $1.09M
NOI $65,460 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$838.1K
$733.3K – $977.8K
NOI $58,667 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,003 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained home set up as three units with upgraded electrical and private front parking, delivered vacant at closing.
Where is this triplex located?
The property is located at 8674 16th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Brick 2‑family home set up for 3 units, offering flexible living arrangements; Will be delivered vacant at closing; Upgraded electrical service
