NOT LISTED FOR SALE

Estimated Value: $378,000 - $577,000

1 Bed
1 Bath
739 Sq Ft
$360/mo HOA Fee

Last Sold March 03, 2021

Last sale price $353,000 $478 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,883/month

53 Days on Market

Highlights

  • New Construction
  • Balcony
  • West Facing Home
  • Rooftop Deck
  • Central Air
  • 5-minute walk to Tribute Park

About This Home

As of March 2021

Spacious and airy, this large one bedroom, one bathroom, western-facing condo exudes a refined natural elegance unparalleled in the Rockaways. Located within a block of the shore line and bathed in natural light with floor-to-ceiling windows, 9-foot ceilings and European white oak flooring, this residence is ideal for entertaining or relaxing. Enjoy your private balcony with views of the bay and city skyline. The open kitchen has been designed with convenience in mind. Stainless steel appliances, grey-and-white custom cabinetry, Quartz countertops, and glazed ceramic backsplashes ensure your cooking spaces are practical and beautiful. Elegant baths feature custom cabinetry with Quartz counters, Kohler fixtures, and a mix of grey-and-white ceramic and porcelain tiles. Sleek in-unit Bosch washers and dryers wed convenience and style. Welcome home to beachside living.

One Sixteen's amenities have been thoughtfully considered. Residents can enjoy two lounges, one adjacent to the lobby, and the Eighth Floor Club, a 900-square-foot entertaining space with bay and ocean views. The amenity package also includes a 4,600-square-foot landscaped roof deck, 1,200-square-foot fitness center, on-site parking*, bike storage, and additional storage*.

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.

* Availability and additional fees may apply

Last Agent to Sell the Property

MaryAnne Farrell

Compass License #10401225676 Listed on: 09/07/2018

Compass

Co-Listed By

Maxine Resnick

Compass License #10301205432

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,640

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 0.66

HOA Fees

  • $360 Monthly HOA Fees

Home Design

  • 739 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • West Facing Home
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 25 / 16226

Community Details

Overview

  • Rockaway Park Subdivision
  • 8-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,640

Year Built

Built in 2019 | New Construction

Lot Details

0

HOA Fees

$360 per month

Listing Details

  • Cross Street: Rockaway Beach Boulevard/Ocean Promenade
  • Exposures: West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Rockaway Park
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Interior Features: Dining Area
  • Appliances: Dryer, Washer
  • Living Area: 739.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Balcony, Building Roof Deck
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 360.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: Yes
  • Total Stories: 8
  • Year Built: 2019

Tax Info

  • Tax Block: 16226
  • Tax Lot: 25
  • Tax Annual: 5640.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2018
Closed on
Feb 26, 2021
Sold by
Beach 116 Associates Llc
Bought by
Henry Megan
Seller's Agent
MaryAnne Farrell
Compass
List Price
$353,000
Sold Price
$353,000
Current Estimated Value
$510,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,433
Avg. Annual Appreciation
8.42%
Original Mortgage
$136,000
Outstanding Balance
$122,467
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$384,629
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Henry Megan $359,442 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henry Megan $136,000
Previous Owner Bank Leumi Usa $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2021 03/03/21 Sold $353,000 0.0% $478 / Sq Ft
10/30/2018 10/30/18 Pending -- -- --
09/07/2018 09/07/18 For Sale $353,000 -- $478 / 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 $8,890 $70,771 $8,405 $62,366
2024 $8,890 $71,111 $7,945 $63,166
2023 $8,827 $70,604 $6,647 $63,957
2022 $8,577 $70,099 $8,405 $61,694
2021 $7,286 $59,395 $8,405 $50,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10024928

Real Estate Board of New York (REBNY)

APN: 16226-1231