$1,198,000

2875 W 16th St Brooklyn, NY 11224

Coney Island Neighborhood

Estimated payment $7,256/month

0.11 Acres
$11,056,118 Price per Acre
4,720 Sq Ft Lot

About This Lot

Prime Brooklyn Development Opportunity!
Great Opportunity for builders and investors!
This oversized 40x118 property offers 4,750 Sq. Ft. of land with R6 zoning and C1-2 commercial overlay.
The property offers approximately 10,450 buildable Square. Ft. as of right with potential for up to 18,525 Sq. Ft. under the affordable housing incentive program or 22,800 Sq. Ft. for a qualifying community facility.
Located in a designated Federal Opportunity zone. Excellent opportunity for residential or mixed-use development!

All zoning and development potential should be independently verified by a licensed architect.

Listing Agent

Denise DeLeo

Ben Bay Realty Co Listed on: 09/25/2026

Property Details

Property Type

  • Land

Lot Details

  • 4,720 Sq Ft Lot
  • Lot Dimensions are 118 x 40
  • Property is zoned R6

Property Details

Property Type

Land

Lot Details

4,720 Sq Ft Lot

Listing Details

  • Borough: Brooklyn
  • Confirmed By M L S Y N: No
  • Cross Street: Mermaid Avenue
  • Property Sub Type: Land
  • Prop. Type: Land
  • Street Name I D X: West 16th Street
  • Special Features: None

Interior Features

  • Lot Sq Ft: 4720

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 118
  • Lot Size Width: 40
  • Zoning: R6

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $5,297 $49,320 $18,600 $30,720
2025 $4,998 $50,760 $18,600 $32,160
2024 $4,998 $56,100 $18,600 $37,500
2023 $4,851 $64,260 $18,600 $45,660
2022 $4,518 $57,600 $18,600 $39,000
2021 $4,903 $51,480 $18,600 $32,880
2020 $2,299 $43,020 $18,600 $24,420
2019 $4,338 $37,080 $18,600 $18,480
2018 $4,058 $19,905 $8,969 $10,936
2017 $4,058 $19,905 $7,993 $11,912
2016 $3,881 $19,414 $8,441 $10,973
2015 $2,045 $18,316 $8,950 $9,366
2014 $2,045 $17,280 $8,444 $8,836
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/25/2026 09/25/26 For Sale $1,198,000 -- --
Source: Brooklyn Board of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $7,000 --
Deed $65,000 --
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 504875

Brooklyn Board of REALTORS®

APN: 07022-0058

New York Kings County Brooklyn 11224 Coney Island

2875 W 16th St, Brooklyn, NY

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Nearby Homes
Denise DeLeo
Listing Agent
Denise DeLeo
Section Image
Ben Bay Realty Co
(718) 541-4278
Your Personal Tour Guide

Ask me questions while you tour the home.