• Asking Price $1,500,000
  • Estimated Value: $1,455,063

  • 2723 W 16TH ST BROOKLYN, NY 11224

  • 8 Beds 4 Baths 3,084 SqFt
  • Townhouse or Condo / Resale (MLS)
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Property Details for 2723 W 16TH ST, BROOKLYN, NY 11224

Features

  • Price/sqft: $486
  • Lot Size: 4750 sq. ft.
  • Total Units: 2
  • Total Rooms: 9
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
  • Stories: 200
  • Heating: Baseboard Heating

Facts

  • Year Built: 01/01/1915
  • Property ID: 864360593
  • MLS Number: 480297
  • Parcel Number: 06996-0033
  • Property Type: Townhouse or Condo
  • County: KINGS
  • Zoning: M1-2
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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.nnFeatures:nnGut Renovated: Underwent a comprehensive renovation less than six years ago for modern comfort and functionality.nGenerous Space: 8 bedrooms and 4 baths offer ample room for various living and investment arrangements.nVersatility: M1-2 zoning allows for diverse possibilities from manufacturing to retail.nIncome Potential: Currently generating income from rented garages, with substantial projected rents.nConvenient Location: Close to the beach, boardwalk, and major highways, enhancing accessibility.nLow Taxes: Benefit from very low taxes, maximizing profitability.nInvestment Potential:nnExplore residential and commercial ventures, from manufacturing to community facilities.nConvert to manufacturing facilities, offices, retail outlets, or elevated parking.nConsider a community facility such as a daycare, hotel, or hospital.nFinancial Snapshot:nProjected Rent Roll: $8,375/monthnProjected Net Income: $7,247+/month after expenses.nnContact:nSeize this extraordinary opportunity to embark on a winning project. Call now to turn your vision into reality!

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Property Brokerage: eXp Realty BKNY 1 Pierrepont PLZ Brooklyn NY 11201
Copyright © 2024 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.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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