Mixed-Use Property at 2729 West 16th Street Brooklyn
$2,150,000
2729 West 16th Street, Brooklyn, NY 11224
4,228 SF
Square Feet
$509
PPSF
3
Units
700.0K
PPU
Property Description
Units
3 — PPU: 700.0K
Receiver Sale: 2729-2731 West 16th Street, Brooklyn, NY
Property Snapshot:
• 2-story multifamily building and a 1-story warehouse located in Coney Island, Brooklyn, NY
• 2,228 sq ft multifamily building, consisting of 3 residential units
• 2,000 sq ft warehouse
• 60 ft of frontage along W 16th Street
• Redevelopment opportunity under existing M1-2 zoning, which permits a variety of commercial and industrial uses, with additional upside from potential future upzoning
• Situated two and a half blocks from Maimonides Park, Luna Park, and the boardwalk
• Short walk to the Coney Island-Stillwell Ave Subway Station (D, F , N, Q trains)
• Nearby retail and dining include: Home Depot, Food Bazaar, Totonno’s, Lone Star Gourmet Market, Milk & Honey Cafe, and Nathan’s Famous
Property Details
Asset Type
Mixed-use
Year Built
1925
Zoning
M1-2
Neighborhood
Coney Island
Submarket
Brooklyn
ZIP
11224
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$122,305
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$10,192
Annual Debt Service
$122,305
View on Map
Address
2729 West 16th Street
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Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
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