$1,625,000
Updated 3 years ago
Off Market

7203 16th Ave

Bensonhurst, Brooklyn | 70th Street & 71st Street

3 Beds2,560 Square FeetMixed Use

$1,625,000
floors / apts2 / 2
Lot Size20'x90'
Built Size20'x64'
ZoneR5
Building TypeLow-Rise
RE Taxes$8,101
Price Per SF
$635

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom

Property Description for 7203 16th Ave

New to the market, high retail traffic mixed use property in the heart of Bensonhurst. Consists of 1 store and 2 residential apartments, 1 (1) bedroom apartment and 1 (2) bedroom apartment. The commercial store front leads into a nice sized back yard. The staircase leads down into large finished basement. Commercial space has 2 fully renovated bathrooms. It also has updated wall-mounted air conditioning units. New High-hat lighting. Recently updated mechanicals. Well maintained building. Building is near all transportation. D train station is one block away. Buses are close by. Shopping, laundromats, eat-in food places and supermarket are within a short distance. Great income bearing property. Apartments currently have 2 great tenants but can be delivered vacant. Lot size is 20x90 and the building size is 20x64. Shown by appointment only. Please see the Fact and Features option to view video. Please follow DOS/DOH Guidelines due to Covid-19

Listing History for 7203 16th Ave

Now
10/02/2023
POM by Mark Geller
Reliable Sell & Buy Realty
06/02/2023
$1,625,000 [-$75,000] [4.4%]
Price Drop by Mark Geller
Reliable Sell & Buy Realty

Building Details for 7203 16th Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts2/2
Learn More About the Building

Contact Agent

Contact Agent

Mark Geller
Reliable Sell & Buy Realty

Bensonhurst | Brooklyn

Quick Profile

Bensonhurst is a densely populated residential neighborhood with a bustling business district in the southwest section of Brooklyn. It’s a storied neighborhood and is considered to be the most ethnically diverse neighborhood in New York City.

Technically, Bensonhurst doesn’t quite have the same clean-cut boundaries the way other neighborhoods do. It has an odd shape that intertwines with the surrounding communities of Bath Beach, Dyker Heights, Borough Park and Mapleton. The neighborhoods are sometimes mistaken for Bensonhurst and vice versa. It’s bordered by 14th Avenue, which is to the northwest, 60st Street and McDonald Avenue to the northeast, Avenue S to the southeast, and 86th Street to the southwest.

You won’t find that many luxury building developments in this neck of the woods either. Much of the Bensonhurst neighborhood still has that old Brooklyn charm. It’s architecture comprises co-ops, condos, single-family attached, semi-attached, fully-detached homes, and also multi-family homes. It’s a healthy mix of quiet residential blocks and bustling commercial thoroughfare, especially along 86th Street. Bensonhurst has many similarities to Bath Beach, it’s immediate neighbor to the south.

Bensonhurst was once part of New Utrecht, which was one of the original six towns within Kings County. It was later absorbed into what we know as modern day Brooklyn. It is named after the Benson family, who were farmers and landowners and controlled much of Bensonhurst and parts of Bath Beach.

In its early history, Bensonhurst was mostly Italian-Americans and Jewish immigrants. In recent years the neighborhood has seen many Chinese, Russian, Middle Eastern and Mexican residents who call Bensonhurst home.

Besides the ethnic enclaves residing in Bensonhurst, the neighborhood is also attracting younger residents and families. The cost of living is considerably less compared to other parts of Manhattan and Brooklyn. In 2019, the homeownership rate in Bensonhurst was 36.5%, higher than the citywide share of 31.9%.

The D, N, and F service Bensonhurst and will shoot you straight into Midtown Manhattan where bus lines service the rest of the borough.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 90180TH