1633 E 16th St - Storefront FOR SALE


Brooklyn, NY 11229- Homecrest
$20,000,000 USD
212-837-4529
1633 E 16th St, Brooklyn, NY for Sale
$20,000,000 USD
Storefront - FOR SALE
1/4
null | Request Cap Rate

1633 E 16th St
Brooklyn, NY 11229
Homecrest


OVERVIEW

Kassin Sabbagh Realty (KSR) is representing the sale of 1633 East 16th Street, also known as 1602-1604 Avenue P, located in Midwood, Brooklyn. This property offers vacant land for a proposed new development with 352 feet of wraparound frontage. It is zoned under C4-4A, C1-2, and R5B, and sits on Block 6779, Lot 1. The lot size is irregular, measuring 292 feet by 108 feet and 292 feet by 60 feet. The property benefits from its location in Fresh and Transit Zones, with a total Zoning Floor Area (ZFA) of 67,996 square feet. A zoning analysis is available upon request. Nearby tenants include popular businesses such as Planet Fitness, CVS, Raising Cane’s, TJ Maxx, Marshalls, Citibank, Bank of America, NYU Langone, Chipotle, and Snipes. Public transportation is easily accessible, with the Kings Highway B and Q subway lines nearby. The area’s 2024 population is 473,673, with an average household income of $115,354.

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1633 East 16th Street

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

-

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

R5B C4-4A

APN/PARCEL ID

06779-0001

ASK ABOUT THIS PROPERTY

Ohad BaboKassin Sabbagh RealtyMore Info
212-837-4529

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Ohad BaboKassin Sabbagh RealtyMore Info
212-837-4529

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.