Newly built in 2020, 1602 Avenue R (aka 1803 East 16th Street) is a fully income-producing 3-family property located in the heart of Brooklyn. The property consists of three well-designed apartments. Units 2 and 3 each offer 2 bedrooms and 1 full bathroom, while Unit 1 is a spacious duplex connected to the basement featuring 2 bedrooms, 1.5 bathrooms, and a large recreational room. This modern investment property offers strong income potential and low-maintenance newer construction. Full rent roll and operating expenses available upon request.
Active
$1,875,000
1602 Avenue R, Brooklyn, NY 11229
6beds
2,800sqft
Multi Family
Built in 2019
-- sqft lot
$1,803,000 Zestimate®
$670/sqft
$-- HOA
What's special
- 28 days |
- 283 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
American Homes Group Inc 646-327-0204,
Michael Mizrahi
Source: StreetEasy,MLS#: S1828453
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Appliances
- Included: Dishwasher, Washer/Dryer
- Laundry: Inside
Features
- Flooring: Hardwood
Interior area
- Total structure area: 2,800
- Total interior livable area: 2,800 sqft
Property
Features
- Patio & porch: Other
- Exterior features: Balcony
- Has view: Yes
- View description: City
Details
- Parcel number: 068210101
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 2019
Community & HOA
Community
- Subdivision: Homecrest
HOA
- Has HOA: Yes
- Amenities included: Laundry
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $670/sqft
- Tax assessed value: $1,767,000
- Annual tax amount: $10,392
- Date on market: 5/14/2026
Estimated market value
$1,803,000
$1.71M - $1.89M
$4,136/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/14/2026 | Listed for sale | $1,875,000-1.3%$670/sqft |
Source: StreetEasy #S1828453 Report a problem | ||
| 4/30/2026 | Listing removed | $1,899,000$678/sqft |
Source: StreetEasy #S1797574 Report a problem | ||
| 2/2/2026 | Price change | $1,899,000-5%$678/sqft |
Source:  BNYMLS #496908 Report a problem | ||
| 1/13/2026 | Price change | $1,999,000-4.8%$714/sqft |
Source: BNYMLS #496908 Report a problem | ||
| 12/17/2025 | Price change | $2,100,000-12.5%$750/sqft |
Source: BNYMLS #496908 Report a problem | ||
| 11/24/2025 | Price change | $2,400,000-7.7%$857/sqft |
Source: BNYMLS #496908 Report a problem | ||
| 10/27/2025 | Listed for sale | $2,600,000+421%$929/sqft |
Source: BNYMLS #496908 Report a problem | ||
| 10/4/2010 | Listing removed | $499,000$178/sqft |
Source: TALK OF THE TOWN REALTY CORP. #345624 Report a problem | ||
| 5/20/2010 | Listed for sale | $499,000$178/sqft |
Source: TALK OF THE TOWN REALTY CORP. #345624 Report a problem | ||
| 3/13/2010 | Listing removed | $499,000$178/sqft |
Source: TALK OF THE TOWN REALTY CORP. #345624 Report a problem | ||
| 12/19/2009 | Price change | $499,000+35.2%$178/sqft |
Source: TALK OF THE TOWN REALTY CORP. #345624 Report a problem | ||
| 9/2/2009 | Listed for sale | $369,000-29%$132/sqft |
Source: TALK OF THE TOWN REALTY CORP. #345624 Report a problem | ||
| 1/20/2006 | Sold | $520,000$186/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,393 -0.5% | $106,020 +26.6% |
| 2024 | $10,441 | $83,760 +13.1% |
| 2023 | -- | $74,040 +22.2% |
| 2022 | -- | $60,600 +29.5% |
| 2021 | -- | $46,800 +34% |
| 2020 | $2,126 +6% | $34,920 +268.4% |
| 2019 | $2,006 | $9,480 +6% |
| 2018 | -- | $8,940 -7.5% |
| 2017 | $1,969 +5.6% | $9,660 +1.3% |
| 2016 | $1,865 | $9,540 +4.9% |
| 2015 | $1,865 +57% | $9,094 +6% |
| 2014 | $1,188 | $8,580 -2% |
| 2013 | -- | $8,752 +0.6% |
| 2012 | -- | $8,700 -6.5% |
| 2011 | -- | $9,300 +0.3% |
| 2010 | -- | $9,274 -12.2% |
| 2009 | -- | $10,560 |
| 2008 | -- | $10,560 +0.8% |
| 2007 | -- | $10,480 +6% |
| 2006 | -- | $9,887 +6% |
| 2005 | -- | $9,328 +6% |
| 2004 | -- | $8,800 -57.6% |
| 2003 | -- | $20,736 +1.6% |
| 2002 | -- | $20,403 +6% |
| 2001 | -- | $19,249 +6% |
| 2000 | -- | $18,160 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Sheepshead Bay
Nearby schools
GreatSchools rating
- 7/10Ps 255 Barbara Reing SchoolGrades: K-5Distance: 0.1 mi
- 7/10Jhs 234 Arthur W CunninghamGrades: 6-8Distance: 0.1 mi
- 4/10James Madison High SchoolGrades: 9-12Distance: 0.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
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