2723 16th Street Brooklyn, NY 11224
Attention commercial investors, builders, and home buyers! Here's your chance to acquire a substantial residential property with boundless commercial potential in the vibrant enclave of Coney Island. This fully detached 2-family house, presents an unparalleled opportunity for lucrative investment or development. Features: Gut Renovated: Underwent a comprehensive renovation less than six years ago for modern comfort and functionality. Generous Space: 8 bedrooms and 4 baths offer ample room for various living and investment arrangements. Versatility: M1-2 zoning allows for diverse possibilities from manufacturing to retail. Income Potential: Currently generating income from rented garages, with substantial projected rents. Convenient Location: Close to the beach, boardwalk, and major highways, enhancing accessibility. Low Taxes: Benefit from very low taxes, maximizing profitability. Investment Potential: Explore residential and commercial ventures, from manufacturing to community facilities. Convert to manufacturing facilities, offices, retail outlets, or elevated parking. Consider a community facility such as a daycare, hotel, or hospital. Financial Snapshot: Projected Rent Roll: $8, 375/month Projected Net Income: $7, 247+/month after expenses. Contact: Seize this extraordinary opportunity to embark on a winning project. Call now to turn your vision into reality!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyKings (Brooklyn)
- Taxes$5,038
- HOA/Condo/Coop Fees$0
- Days on Site111 Days
- MLS StatusActive
- MLS ID Number480297
- Home Size Source N/A
- Year BuiltN/A
- Lot Size Acres
- Full Baths4
- Partial BathsN/A
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General Features
- Construction BrickFrame
- Building Features N O N E
- Parking 1 Space2 Spaces3 Spaces4 Spaces5 Spaces6+ SpacesDetached GarageParking Area
- Basement FinishedFull
- Number of Stories 2
- Cross Street Hart Pl
- Property Sub Type Multi Family
- Zoning M1-2
Interior Features
- Heating BaseboardGas
- Flooring Laminate
- Fireplace No
Exterior Features
- Roof Other
- Waterfront Property No
Community Features
- Building Features N O N E