1761 E 16th St

For Sale

1761 E 16th St, Brooklyn, NY 11229

This Brooklyn property for sale is located at 1761 E 16th St. The current listed sale price for 1761 E 16th St is $1,599,000. 1761 E 16th St is situated on a lot that is 0.05 acre in size.

Contacts

broker
Renee Miller

Brown Harris Stevens

Property Details

  • Property Type Multi-Family
  • Property Size 3,600 SF
  • Units 2
  • Lot Size 0.05 Acre
  • # of Floors 3
  • Average Floor Size 1,200 SF
  • Parking Spaces Avail. 1
  • Parking Ratio 0.28 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1930
  • Year Renovated 2022
  • Date Updated Jun 3, 2025

1761 East 16th Street – Prime Homecrest Legal Two-Family Investment Opportunity

Presenting 1761 East 16th Street, a well-maintained legal two-family brick building in the heart of Homecrest, just a half-block from the Kings Highway B/Q subway. This 3-story, approx. 3,600 SF property sits on a 20' x 100' lot and includes a private driveway and remote-controlled garage—a rare find in the area.

This building is currently configured as a 3-unit rental, generating income from below-market tenants—providing excellent value-add potential. Can be delivered vacant upon request, ideal for investors or end users seeking live-plus-rent or multigenerational options.

Investment Overview

  • Top Floor – 3BR/1BA: Est. rent $3,300–$3,600/month

  • Main + Garden Duplex – 3BR/2BA with private garden & in-unit W/D: Est. rent $3,600–$3,900/month

  • Total Potential Rent: $6,900–$7,500/m

Projected Net Operating Income (NOI): ~$73,800
Estimated Cap Rate: 4.61%

Property Features

 

  • Legal two-family w/ current 3-unit setup (garden level has separate access through garage)

  • 3 bedrooms per unit, spacious layouts, and bonus rooms for offices or storage

  • Washer/dryer in units, central air, updated mechanicals

  • Brick construction, great curb appeal, high ceilings, and natural light throughout

 

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Attachments

Getting around

  • 94/100

    Walk Score ®

  • 92/100

    Transit Score ®

  • 59/100

    Bike Score ®

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Location

  • City Brooklyn, NY
  • Neighborhood Homecrest
  • Zip Code 11229
  • Market Brooklyn

Points of Interest

  • A-Kings Highway Car Service

    0.17 miles

  • Avenue U

    0.53 miles

  • Seagull Transportation

    1.12 miles

  • Avenue J

    1.27 miles

  • Bay Parkway & 66 Street

    1.40 miles

  • Avenue X Car Service

    1.46 miles

  • 86th Street

    1.50 miles

  • Avenue H

    1.57 miles

  • 20th Avenue

    1.66 miles

  • Flatbush Avenue–Brooklyn College

    1.81 miles

  • Mobil

    0.37 miles

  • BP

    0.51 miles

  • Citgo

    0.61 miles

  • Sunoco

    0.79 miles

  • Allegiance

    1.47 miles

  • Tesla Destination Charger

    2.31 miles

  • EVgo

    2.33 miles

  • ChargePoint

    2.36 miles

  • FLO

    3.92 miles

  • Tesla Supercharger

    4.37 miles

  • Chase Bank Parking

    0.59 miles

  • Fine Fare

    0.84 miles

  • Roosevelt Savings Bank

    0.86 miles

  • CVS

    0.90 miles

  • Doody's Home Center

    1.10 miles

  • Super Stop and Shop Parking

    1.19 miles

  • Petco Parking

    1.19 miles

  • Stop and Shop

    1.24 miles

  • Bank of America

    1.30 miles

  • US Postal Service

    1.39 miles

  • Home

    0.99 miles

  • Ramada

    1.68 miles

  • Best Western Plus

    2.00 miles

  • Comfort Inn

    2.04 miles

  • Lighthouse Inn

    2.06 miles

  • Best Western

    2.07 miles

  • Sleep Inn

    2.08 miles

  • Harbor Motor Inn

    2.34 miles

  • Brooklyn Vybe Hotel, Ascend Hotel Collection

    2.71 miles

  • Ruby & Emrys

    2.74 miles

  • Target

    0.14 miles

  • Marshalls

    0.15 miles

  • Food Mart

    0.17 miles

  • Value Depot Kings

    0.18 miles

  • TJ Maxx

    0.19 miles

  • Domino Supermarket

    0.24 miles

  • Ocean Fruit

    0.46 miles

  • J&J Fresh Market

    0.56 miles

  • Chang Fa Food Marker

    0.57 miles

  • Freddy's Market

    0.77 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Renee Miller

Brown Harris Stevens

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