Financial
Distress signals
Property profile

2115 16th St Brooklyn, NY 11229

OFF-MARKET
Other investment properties
Property ID
US63-1203981
3,555 SF 0.05 ac lot Built 1926
Last sale Mar 2024 · $1,180,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This office property at 2115 East 16th Street in Brooklyn, NY 11229 includes two private rooms that are designed to be used as separate office spaces. Room 1 is approximately 250 square feet and Room 2 is approximately 150 square feet. The building’s location is in a neighborhood setting near shopping, schools, supermarkets, and restaurants, with nearby public transportation including the Q train at Avenue U and bus service routes B3, B25, B41, and B49.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$21k
Tax billed · 2024
Assessed value$302k
Assessed land$68k
Assessed improvement$235k
Effective rate6.84%

Value estimate

· Sep 2026
$1.18M
$1.06M – $1.30M
AI approach$1.18M

Realmo valuation models over county records and 19 qualifying comparable sales.

Recently sold

What actually traded nearby?
$464/SF
ZIP average, outlier-cleaned · 79 recorded sales of this use type
Observed band · Q1–Q3$367 – $630
Qualifying comparables19

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R5
This district is designed to permits moderate density residential neighborhoods with a mix of housing types except zero lot line buildings
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility41.7
Realty agency23.9
Hotel & Motel18.7

Location

2115 16th St Brooklyn, NY 11229-4455
County assessor Recorded deeds · 5 transfers 19 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1215 Ave U, Brooklyn, NY 11229-4108 $1,960,000 Feb 2026 4,100 SF
1605 Ave U, Brooklyn, NY 11229-3858 $1,480,000 Dec 2025 3,930 SF
1305 Ave U, Brooklyn, NY 11229-3305 $1,687,500 Sep 2024 3,760 SF
1309 Ave U, Brooklyn, NY 11229-3305 $1,687,500 Sep 2024 2,995 SF
1214 Ave U, Brooklyn, NY 11229-4107 $1,450,000 Apr 2024 3,480 SF
1247 Ave U, Brooklyn, NY 11229-4101 $1,600,000 Oct 2023 3,900 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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