423 16th Street

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.