371 16th Street, New York City, NY 11215
Listing Courtesy of PEN REALTY LLC
$2,399,999
Potential Rebate: $36,000
Overview
Charming 2-Family Townhouse in Park Slope Brooklyn
Discover this classic two-family townhouse situated on a picturesque tree-lined block in the heart of Park Slope, one of Brooklyn's most sought-after neighborhoods for both lifestyle and investment.
Built in 1901 and offering 1,704 square feet of living space across two floors, this property blends historic charm with flexible functionality. Zoned R6B and set on a 1,767 sq ft lot, it presents a rare opportunity for Brooklyn buyers and real estate investors seeking value, potential, and location.
With two legal units, the layout allows for multiple uses — occupy one unit and rent the other, or convert it into a single-family home (consult an architect for options).
Key Features:
Building Class: B9 - 2-Family Miscellaneous
Lot Dimensions: 17.67 x 100 ft
Zoning: R6B - Flexible development potential
Annual Taxes: $7,094
Projected Rent: $3200.00/month
Nestled near Prospect Park, this residence is a short walk to the F/G subway lines, local cafes, and the vibrant retail corridors of 7th and 8th Avenues. With a Walk Score of 99, residents enjoy the perfect mix of city convenience and neighborhood tranquility.
This is an ideal opportunity for buyers seeking a Brooklyn home with character and growth potential — or for investors looking for stable returns in a high-demand, low-supply area.
Contact Listing Broker For Showings
Home Features
- •See Remarks
Estimated Monthly Payment
$12,450 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$36,000
Monthly savings impact
$100/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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 and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of PEN REALTY LLC
Data Source: TRESTLE #RLS20032447
Price Analysis
Compare average listing prices and value metrics for 371 16th Street against the surrounding Park Slope market.
Average List Price
Price Per SqFt
11.82% Lower
than the Park Slope price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Park Slope
Overview of Park Slope
Park Slope is the quintessential family neighborhood of New York. Famous for its miles of brownstones, the expansive Prospect Park, and its progressive, literary vibe, it is often voted one of the best neighborhoods in America. For buyers seeking Park Slope Brooklyn real estate, it is the ultimate blend of beauty, community, and green space.
Living in Park Slope is idyllic. The avenues (5th and 7th) are lined with independent shops and strollers. As a premier Brooklyn NYC neighborhood, it sets the standard for brownstone living.
Real Estate & Housing Market
The market for homes for sale in Park Slope is premium. The "Gold Coast" along Prospect Park West features limestone mansions, while the side streets offer classic brownstones and co-ops.
Prices are high, especially for properties zoned for PS 321. It is a stable, high-value market that attracts families moving from Manhattan.
Lifestyle & Community
The lifestyle in Park Slope is active and community-focused. Residents spend weekends in Prospect Park, shop at the Park Slope Food Coop (if they are members), and dine at farm-to-table restaurants.
The community is known for being liberal, educated, and civic-minded. It is a "small town" within the big city.
Transportation & Accessibility
Park Slope is served by the F, G, R, 2, 3, B, and Q trains (depending on where in the slope you are). Commuting to Midtown takes 25-35 minutes.
The F train at 7th Avenue is the central hub for the neighborhood.
Parks, Schools & Amenities
Prospect Park is the neighborhood's backyard. Designed by the same creators as Central Park, it offers a zoo, a lake, and huge meadows. It is the center of life here.
Amenities are incredible: the Park Slope Food Coop, the Brooklyn Public Library, the Botanic Garden, and excellent public schools make it a self-contained paradise.
Who This Neighborhood Is Best For
Park Slope is best for families, writers, runners, and anyone who prioritizes parks, schools, and community over nightlife.
