Log In/Sign Up
Your email has been sent.
5318 16th Ave
Brooklyn, NY 11204
Retail Property For Sale
Investment Highlights
- Heavy Daytime Foot Traffic
- Dishwasher in each unit
- In-Unit Washer / Dryer
- Enclosed Balcony
Executive Summary
Invictus Property Advisors has been retained on an exclusive basis for the sale of 5318 16th Avenue, a mixed-use building in Borough Park, Brooklyn. The property will be delivered vacant, offering investors and end-users the flexibility to optimize its use and maximize its potential.
The residential portion features two large three-bedroom, two-bathroom duplex units, one of which includes a private enclosed balcony overlooking the backyard. Both apartments are equipped with washers and dryers. These spacious layouts are ideal for tenants or owner-occupiers, ensuring strong demand.
The ground-floor retail space benefits from 16th Avenue’s high foot traffic and visibility, making it ideal for businesses. The space includes a renovated cellar, perfect for storage or office use, enhancing its versatility for future tenants.
Located just a 10-minute walk from the New Utrecht Avenue and 55th Street subway station (D line), the property offers excellent accessibility.
With its prime location, vacant delivery, and mix of residential and commercial potential, 5318 16th Avenue presents an outstanding investment or live-plus-income opportunity.
The residential portion features two large three-bedroom, two-bathroom duplex units, one of which includes a private enclosed balcony overlooking the backyard. Both apartments are equipped with washers and dryers. These spacious layouts are ideal for tenants or owner-occupiers, ensuring strong demand.
The ground-floor retail space benefits from 16th Avenue’s high foot traffic and visibility, making it ideal for businesses. The space includes a renovated cellar, perfect for storage or office use, enhancing its versatility for future tenants.
Located just a 10-minute walk from the New Utrecht Avenue and 55th Street subway station (D line), the property offers excellent accessibility.
With its prime location, vacant delivery, and mix of residential and commercial potential, 5318 16th Avenue presents an outstanding investment or live-plus-income opportunity.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
5,321 SF
Building Class
C
Year Built
1931
Price
$3,741,402 CAD
Price Per SF
$703.14 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.44
Lot Size
0.05 AC
Zoning
R6 (C1-3 Overlay) - R6 - Medium density residential district
Frontage
20’ on 16th Ave
Amenities
- Storage Space
- Air Conditioning
- Balcony
Property Taxes
| Parcel Number | 05477-0042 | Improvements Assessment | $155,470 CAD |
| Land Assessment | $35,219 CAD | Total Assessment | $190,690 CAD |
Property Taxes
Parcel Number
05477-0042
Land Assessment
$35,219 CAD
Improvements Assessment
$155,470 CAD
Total Assessment
$190,690 CAD
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
