Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
4801 16TH Avenue
Interested in this property?
Active For Sale Mixed Use

$2,800,000

$1,750 per sq ft

4801 16TH Avenue

Borough Park, Brooklyn

MLS® #RLS20103070

RLS at REBNY

Listing by Douglas Elliman Real Estate

1

Bedroom

1

Bath

1,600

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 1,600 sq ft
Lot Size 800 sq ft
Year Built N/A
Ownership None
Property Taxes $11,940/yr
Neighborhood Borough Park
Floor 1 of 2

Property Highlights

  • Views: Other
  • Climate Control: Central Air

Property Details

Type Mixed Use
Ownership None
Total Rooms 4
Baths 1 Full
Floor 1 of 2
View Other
Cooling Central Air
Pets Yes
Living Area 1,600 sq ft
Structure Type MixedUse
Basement Other
Lot Size 800 sq ft
Parcel # 05448-0010
Block/Lot 05448/0010

Listing History

Event Date Price Change
Listed Jul 10, 2026 $2,800,000 -
Currently Jul 15, 2026 $2,800,000 -

Description

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, the property benefits from exceptional corner visibility, prominent frontage, and strong pedestrian and vehicular traffic. Surrounded by many of Borough Park's most established retailers, restaurants, cafes, synagogues, and neighborhood businesses, the location has long served as one of the community's most active commercial corridors, making it well-positioned for both retail and residential demand. The property is conveniently located near the F train at 18th Avenue, the D train at 55th Street, and multiple MTA bus routes, including the B8 and B11. It also offers easy access to the Gowanus Expressway (I-278) via McDonald Avenue and Ocean Parkway, providing convenient connectivity throughout Brooklyn, Manhattan, and beyond.

Features & Amenities

Interior Features

Smoke Free Washer Hookup In Unit

Exterior Features

Private Outdoor Space Over60 Sqft

Building Amenities

Green Building

Building Information

Building Data View Compliance & Permits
Stories 2
Structure MixedUse

Financial Details

RE Taxes $11,940/yr ($995/mo)

Borough Park is a large residential neighborhood in southwestern Brooklyn defined by brownstone and brick rowhouses, multi-family walk-ups, and low-rise co-ops, with an active commercial corridor along 13th Avenue. The D and N trains serve the BMT West End and Sea Beach Lines respectively, while the F and G trains run along McDonald Avenue on the IND Culver Line. Prospect Park lies just northeast of the neighborhood, offering 585 acres of meadows, sports fields, and parkland.

Borough Park Live Market Data

View Neighborhood

Active Listings

3

Median Asking Price

$1.48M

Median $/Sqft

$785

Avg Days on Market

N/A

New This Week

1

Price Reduced

0%

Sold (30 Days)

0

Median Sale Price

$4.00M

Live data from RLS at REBNY • Updated 7/15/26, 2:04 AM EST

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Location

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4801 16TH Avenue, Borough Park, Kings County

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

1931
Year Built
95 years old
2
Floors
R6
Zoning District

Tax & Assessment

Assessed Value: $109,800
Land Value: $15,750
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 803 SF
Building Area: 1,600 SF
Built FAR: 1.99
Allowed FAR: 2.43

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed annual property tax is $11,940, or roughly $995 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 1,600 square feet. Verify dimensions independently during due diligence.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $2,800,000 for 1,600 sq ft, the asking price per square foot is approximately $1,750. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20103070
First Listed: 7/11/2026
On Market: 7/10/2026
Price Changed: 7/11/2026
Contract Date: 7/10/2026

Listing Courtesy of Douglas Elliman Real Estate - Adam Jordan Gerber

Listing Contact: (516) 662-0692

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 7/15/2026 at 6:04 AM UTC

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