NOT LISTED FOR SALE

Estimated Value: $611,000 - $766,000

2 Beds
2 Baths
1,116 Sq Ft
$514/mo HOA Fee

Last Sold July 26, 2024

Last sale price $625,000 $560 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,464/month

69 Days on Market

Highlights

  • Terrace
  • Central Air
  • Courtyard
  • Views
  • Garage
  • 5-minute walk to Tribute Park

About This Home

As of July 2024

Immediate occupancy!

Oceanside two-bedroom residence with private balcony!

Immaculately designed, this two-bedroom, two-bathroom residence features Eastern exposures and an exterior balcony. Expansive 9' ceilings floor-to-ceiling windows flood the residence with an abundance of natural light, six-inch European stained white oak plank flooring throughout and abundant closet space accentuate the elegance and luxury of this thoughtfully designed residence.

The open kitchen designed by Me and General Design delivers a fully integrated LG and GE stainless steel package including a dishwasher, microwave, French-door refrigerator, gas range and stove. Custom and generous white and grey lacquer cabinetry, Honed Carrara Quartz countertops, and glazed ceramic backsplashes ideal for entertaining.

The laundry room features sleek ventilated Bosch washer and dryer for the utmost in convenience. The five-fixture Kohler contemporary bath complete with grey and white porcelain and ceramic tiling paired with custom cabinetry complete this spectacular home.

Amenities are available to residents at One Sixteen featuring a lobby lounge, full-service fitness center, bike storage, on-site parking (availability and additional fees may apply), and the Eight Floor Club: a giant entertainment space featuring Western panorama, with beautiful bay and ocean views. Life at One Sixteen truly articulates a beachside living lifestyle.

The complete offering terms are available in an offering plan from Sponsor. File No. CD180140. Sponsor: Beach 116 Associates LLC, 2361 Nostrand Avenue, Brooklyn, NY, 11210. Equal Housing Opportunity.

Last Agent to Sell the Property

Nicholas Compagnone

Douglas Elliman Real Estate License #10401284576 Listed on: 04/22/2024

Douglas Elliman Real Estate

Co-Listed By

Daniel Kent

Douglas Elliman Real Estate License #10401349450

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,359

Year Built

  • Built in 2018

Lot Details

  • 0.66

HOA Fees

  • $514 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 1,116 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed
  • Washer Hookup

Additional Features

  • Terrace
  • Central Air
  • Property Views

Listing and Financial Details

  • Tax Block 16226

Community Details

Overview

  • 86 Units
  • High-Rise Condominium
  • One Sixteen Condos
  • Rockaway Park Subdivision
  • 8-Story Property

Amenities

  • Courtyard

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,359

Year Built

Built in 2018

Lot Details

0

HOA Fees

$514 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Rockaway Park
  • Entry Level: 3
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 1116.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • View: Other
  • View: Yes
  • Exterior Features: Building Courtyard, None
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building None, Washer Hookup, In Unit
  • Green Building Features: Elevator(s)
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 514.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: ONE SIXTEEN
  • Units: 86
  • Total Stories: 8
  • Year Built: 2018

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 16226
  • Tax Lot: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
Jul 26, 2024
Sold by
Beach 116 Associates Llc
Bought by
Calciano Robert
Seller's Agent
Nicholas Compagnone
Douglas Elliman Real Estate
List Price
$650,000
Sold Price
$625,000
Premium/Discount to List
-$25,000
-3.85%
Views
30
Current Estimated Value
$700,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,831
Avg. Annual Appreciation
11.52%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Calciano Robert $636,406 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bank Leumi Usa $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Sold $625,000 -3.8% $560 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $650,000 +4.0% $582 / Sq Ft
05/01/2024 05/01/24 Off Market $625,000 -- --
04/22/2024 04/22/24 For Sale $650,000 -- $582 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $13,359 $106,341 $12,629 $93,712
2024 $13,359 $106,851 $11,939 $94,912
2023 $13,263 $106,090 $9,987 $96,103
2022 $12,887 $105,331 $12,629 $92,702
2021 $10,948 $89,248 $12,629 $76,619
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10978578

Real Estate Board of New York (REBNY)

APN: 16226-1226