4801 16th AvenueNew York City, NY 11204Price: $2,800,000

  • Price: $2,800,000
  • Est. Mortgage of $/month
  • 3 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 6.49% last updated on Jul 9, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $2,800,000List Price
  • 1Bedrooms
  • 1Bathrooms
  • 1,600Square Feet

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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.

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Listed by Adam Jordan Gerber of Douglas Elliman Real Estate

This 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. RLS Data display by MYNY.

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