2729-2731 West 16th Street
Asset ClassMixed Use, Multifamily, Special Purpose
Receiver Sale
Overview
Receiver sale of a mixed-use multifamily and warehouse property in Coney Island, featuring 60 feet of frontage on W 16th Street. The offering includes a 2,228 SF, 3-unit residential building and a 2,000 SF warehouse on a 7,125 SF lot, zoned M1-2 with redevelopment upside. Located two and a half blocks from Maimonides Park, Luna Park, and the boardwalk, and a short walk to the Coney Island-Stillwell Ave subway station (D, F, N, Q).
Asking Price: $2,150,000
Investment Highlights
- 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
2729 W 16th StBrooklyn, NY 11224
Sales Team
Listing provided by LightBox Revere