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423 16th StBrooklyn, NY 11215
423 16th Street
Asset ClassMultifamily
Prime Park Slope location, steps to Prospect Park
overview of deal

Overview

Avison Young, as the exclusive agent, is pleased to offer for sale 423 16th Street (the “Property”), a 4-story, 41’ walk-up building located on the north side of 16th Street between Prospect Park West and 8th Avenue in Park Slope. The Property spans approximately 11,668 ± square feet and consists of sixteen (16) residential units. Of the residential units, fifteen (15) are free market and one (1) is rent-stabilized which is currently vacant. The unit mix consists of ten (10) 2BD/1BA, four (4) 3BD/1BA and two (2) 1BD/1BA.

Investment Highlights

  • 93% Fair Market with one vacant Rent-Stabilized unit
  • Prime Park Slope location, steps to Prospect Park
  • Recently renovated free-market units featuring high ceilings, modern finishes, hardwood floors, stainless-steel appliances and washer/dryers in twelve (12) units
  • Larger Two & Three-bedroom apartments offering an attractive unit mix
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423 16th StBrooklyn, NY 11215

Sales Team

Brandon PolakoffPrincipal and Head of NYC Investment Sales212.230.5998brandon.polakoff@avisonyoung.com
Joseph MoranAssociate Director212.858.9647joseph.moran@avisonyoung.com
Miles Davis-BoschAssociate Director212.277.5557miles.davisbosch@avisonyoung.com
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