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423 16th St 16 Unité Immeuble d’appartements 11 751 250 $ CAD (734 453 $ CAD/Unité) Brooklyn, NY 11215

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FAITS SAILLANTS DE L'INVESTISSEMENT

93% Fair Market with one vacant Rent-Stabilized unit
Prime Park Slope location, steps to Prospect Park

Recently renovated 12 free-market units featuring high ceilings, modern finishes, hardwood floors, stainless-steel appliances and washer/dryers
Larger Two & Three-bedroom apartments offering an attractive unit mix

RÉSUMÉ DE L'ANNONCE

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.
A majority of the free-market units and common areas were recently renovated with modern kitchens custom cabinetry, full-size dishwashers and stainless-steel appliances throughout. Additionally, twelve (12) of the residential units are stocked with unit washer/dryers. Located just one block from Prospect Park and the 15th Street–Prospect Park Subway Station (servicing the F and G trains), 423 16th Street offers exceptional convenience with quick access to both Downtown Brooklyn and Manhattan. The nearby B/Q trains at Prospect Park Station also provide additional connectivity across the city.
423 16th Street offers investors stable in-place cash flow with additional upside through a light renovation or mark-to-market strategy, requiring minimal capital investment in one of Brooklyn’s most supply-constrained and highly sought-after neighborhoods.

FAITS SUR LA PROPRIÉTÉ

Prix	11 751 250 $ CAD	Classe d’immeuble	C
Prix par unité	734 453 $ CAD	Taille du lot	0,10 AC
Type de vente	Investissement	Taille du bâtiment	11 668 pi²
Nombre d’unités	16	Occupation moyenne	100%
Type de propriété	Immeuble residentiel	Nombre d’étages	4
Sous-type de propriété	Appartement	Année de construction	1920
Style d’appartement	De hauteur moyenne
Zonage	R6B - R6B As a contextual district, buildings developed in R6B Zoning must comply with Quality Housing Program Regulations.

Prix	11 751 250 $ CAD
Prix par unité	734 453 $ CAD
Type de vente	Investissement
Nombre d’unités	16
Type de propriété	Immeuble residentiel
Sous-type de propriété	Appartement
Style d’appartement	De hauteur moyenne
Classe d’immeuble	C
Taille du lot	0,10 AC
Taille du bâtiment	11 668 pi²
Occupation moyenne	100%
Nombre d’étages	4
Année de construction	1920
Zonage	R6B - R6B As a contextual district, buildings developed in R6B Zoning must comply with Quality Housing Program Regulations.