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This property has been sold, rented, or removed from the market. The information below is kept for reference.
$2,800,000
Off Market
2 days on market
4801 16th Ave
📍 Borough Park, Brooklyn, NY 11204
1.0
Bed
1.0
Bath
1,600
Sqft
$1,750
Per sqft
Multi-family
Type
About this property
Positioned on one of Borough Park's busiest and most prominent corner intersections, this approximately 1,600-square-foot mixed-use building presents a rare owner-user, investment, or redevelopment opportunity in one of Brooklyn's most established neighborhood retail corridors. Built in 1931, the property occupies a prime 20' x 40' corner lot with approximately 1,600 square feet of building area across two levels. Zoned R6/C1-3 with a maximum residential FAR of 2.4 and community facility FAR of 4.8, the site offers nearly 2,300 square feet of additional buildable area, presenting significant long-term value-add and development potential. Directly across from Chase Bank on McDonald Avenue,
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Amenities & features
Key facts
Buildable area
Corner lot
Property details
Property typeMulti-family
Listing statusOff Market
Lot size800 sqft
Days on market2 days
MLS #RLS20103070
Estimated monthly payment
Listing price$2,800,000
Down payment (20%)$560,000
Loan amount$2,240,000
Principal & interest (7%, 30yr)$14,902/mo
Property tax (est.)$2,723/mo
Home insurance (est.)$1,166/mo
Estimated total$18,791/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.


