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for saleRealtyLens property overview
$2,588,000
7902 16th Ave
Brooklyn, NY, 11214
View more Brooklyn, NY property pages7Beds
4Baths
3,200Sqft
$809$/sqft
Listing Notes
Exceptional 4-Family Investment Property with private parking... Endless Income Potential Discover unparalleled luxury in this brand-new 4-family construction, where the owner has spared no expense from top to bottom. This remarkable building features three expansive 2-bedroom luxury units and one spacious 1-bedroom luxury unit, all meticulously designed for modern living and incorporating exquisite outdoor balcony space. Property Highlights: - State-of-the-Art Construction: New electrical, plumbing, and sprinkler systems ensure peace of mind and efficiency. - Gourmet Kitchens: Each unit boasts brand-new kitchens equipped with stainless steel appliances, perfect for the discerning tenant. - Luxurious Bathrooms: All bathrooms have been newly installed with high-end fixtures and finishes. - Commercial-Grade Garage: A large, commercial-grade garage offers ample parking and storage options. - Prime Location: Situated on a generous corner lot, this property offers excellent curb appeal and convenience. This investment property is vacant, providing you with the flexibility to set market rents and choose your tenants. Don't miss out on this exceptional opportunity to secure a high-income generating asset. MLS Approve - No Financial provided due to property is vacant
Market Insights
Above nearby median+17%
$809/sqft vs a nearby median of $691/sqft.
Nearby median$691/sqft
Nearby properties12
Property size3,200 sqft
- +17% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 3,200 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$2.21M$2.01M – $2.41M · 50% confidence
vs ask $2.59M+$379k (+14.6%)
Asking price is about 14.6% above where comps + adjustments land — there is room to negotiate.
$677/sqft median across 9 tight comps × 3,200 sqft= $2.17M
- Days-on-market gravity−$65k −3.0%
- Transit access+$54k +2.5%
- Pre-war character+$54k +2.5%
Cumulative NYC adjustments+$43k+2.0%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 392 days
- Last price change
- No change recorded
- Listed
- Apr 15, 2025
- Photos
- 18 photos
- Property type
- multi family
- Status
- for sale
- Last sold
- Feb 4, 1988 · $255,000
- Garage
- 2 spaces
Features & Amenities
Hardwood FloorsTwo Or More StoriesGarage 1 Or MoreGarage 2 Or MoreUpdated KitchenGourmet KitchenCorner LotPrivate ParkingRental PropertyEfficientInvestment Opportunity
Photos
Building Facts
- Year built
- 1931
- Stories
- 2
- Total units
- 3
- Residential units
- 2
- Building area
- 3,200 sqft
- Lot size
- 2,000 sqft
- Land use
- Mixed residential and commercial buildings
- Building class
- O8
From NYC public records where available.
Price History
May 4, 2026Initial record
$2,588,000for sale
Public Records
DOB violations0 open
6 total recorded against the building
HPD violations0 open
0 total recorded
ACRIS documents13
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)37,545
Top: illegal parking
Top complaint types in ZIP 11214
- Illegal Parking11,374
- Noise - Residential6,822
- Blocked Driveway3,522
- HEAT/HOT WATER2,191
- UNSANITARY CONDITION715
Recent DOB
- Sep 23, 2024V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Apr 25, 2023V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Oct 24, 2022V*-DOB VIOLATION - DISMISSED · COMPBLD-STRUCTURALLY COMPROMISED BUILDING NONE
- Jun 15, 2022V*-DOB VIOLATION - DISMISSED · C-CONSTRUCTION OTHER OPTIONAL
Recent Transfers (ACRIS)
- Apr 28, 2022DEED
- Jul 2, 1976DEED
- May 19, 1978DEED
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.