4801 16TH Avenue
$2,498,000
MLS# RLS20103070 · Borough Park
Originally listed at $2,800,000. Price last reduced on October 16, 2026.
Listed July 10, 2026 · 124 days on the market
1 Beds 1 Baths 1,600 Sq.Ft.
About This Property
Home to Lieberman's Luncheonette for over 60 years, this prominent corner has been a proven Borough Park retail destination.Offering a rare corner opportunity in Borough Park, Brooklyn, this property. This approximately 1,600-square-foot, two-story corner building is offered for sale in the heart of Borough Park, Brooklyn. Situated along one of the neighborhood's established commercial corridors, the property presents an opportunity for an owner-user, investor, or redevelopment, subject to applicable zoning and approvals. Built in 1931, the property occupies a 20' 40' corner lot zoned R6/C1-3, offering approximately 2,300 square feet of additional development potential.Positioned on a prominent corner along 16th Avenue and directly across from Chase Bank, the property benefits from strong visibility and pedestrian and vehicular exposure. The property is situated within an established commercial corridor featuring a diverse mix of retail, restaurant, and financial services.Located in Borough Park, Brooklyn, the property is served by the F train at 18th Avenue, the D train at 55th Street, and the B8 and B11 bus routes. McDonald Avenue, Ocean Parkway, and the Gowanus Expressway provide access to Lower Manhattan in approximately 30 minutes by car and 35 minutes by subway, depending on traffic and service conditions.
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by Douglas Elliman Real Estate.
Central air is already in place, and the building has washer and dryer hookups, so the basic setup for everyday use is largely done. There's also private outdoor space of over 60 square feet, which gives you somewhere outside the building's interior to use.
The building is two stories and about 1,600 square feet, built in 1931 on a 20 by 40 foot corner lot. It has one bedroom and one bathroom, and a corner position on 16th Avenue directly across from Chase Bank. Lieberman's Luncheonette occupied the corner for more than 60 years, so the frontage has a long record as a neighborhood stop.
The F train runs at 18th Avenue about 11 minutes on foot and at Ditmas Avenue about 13 minutes away, and the B8 and B11 buses serve the area. The listing puts Lower Manhattan about 35 minutes away by subway. For errands, Mittelman's is about 4 minutes on foot and Einhorn's about 6, and Gravesend Park is about 13 minutes away.
The building is green-certified, allows pets, and is smoke-free. If you're considering the corner for its street presence, it's worth standing on 16th Avenue at a busy hour to see how the frontage works in practice.
Quick answers+
Does the building have in-unit laundry?
The building has washer and dryer hookups.
Is there private outdoor space?
Yes. The property has private outdoor space of over 60 square feet.
Does the building allow pets?
Yes. Pets are allowed, and the building is smoke-free.
Curtis Bain
Brown Harris Stevens
Property Features
Policies
- Pets allowed
- Smoke-free
Home features
- Washer/dryer hookups
- Central air
- Private outdoor space (over 60 sq ft)
Building amenities
Services and facilities
- Green building
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$13,626 / month
- Principal and interest$12,631
- Property taxes$995
Due at closing
- Down payment (20%)$499,600
- NYS “mansion tax” (1.25%)$31,225
- Mortgage recording tax (1.925%)$38,469
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
Location & Nearby
Map
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4801 16TH Avenue
Subway
- F18 AvAbout 11 min walk
- FDitmas AvAbout 13 min walk
Parks
- Gravesend ParkAbout 13 min walk
Public schools · Elementary schools
- P.S. 192 - The Magnet School for Math and Science InquiryAbout 8 min walk
- P.S. 164 Caesar RodneyAbout 10 min walk
- The Seeall AcademyAbout 11 min walk
Middle schools
- J.H.S. 223 The MontaukAbout 7 min walk
High schools
- Urban Assembly School for Leadership and EmpowermentAbout 7 min walk
- Franklin Delano Roosevelt High SchoolAbout 19 min walk
Colleges & universities
- Daemen University-Brooklyn BranchAbout 17 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
The Neighborhood
About Brooklyn
Borough Park is covered by our Brooklyn guide.
A dynamic borough offering architecturally significant residences, world-class culture, and an unmatched creative energy.
Walkability
9/10
Public transit
8/10
Schools
7/10
Dining
9/10
Groceries & parks
8/10
Gallery
Property Photos
Listing Courtesy 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.