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For Sale

2729- 2731 West 16th St

2729 West 16th St,
Brooklyn, NY 11224

Asset Snapshot

Industrial
Additional Types
1925
Year Built
3 Units
Unit Count
0 SF
Average Unit Size
2,228 SF
Property Size

Offering Summary

Receiver Sale: 2729-2731 West 16th Street, Brooklyn, NY

Asking Price: $2,150,000

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

Due Diligence

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For Sale
$2,150,000
Asking Price

Debt Placement Broker

Chaya Milworn
Northgate Real Estate Group
NY License: 10401268555