NOT LISTED FOR SALE

Estimated Value: $685,000 - $773,000

2 Beds
2 Baths
1,132 Sq Ft
$408/mo HOA Fee

Last Sold September 18, 2023

Last sale price $695,000 $614 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,613/month

211 Days on Market

Highlights

  • Newly Remodeled
  • Garage
  • 5-minute walk to Tribute Park
  • Balcony
  • West Facing Home

About This Home

As of September 2023

Immediate occupancy. 2 Bedroom Residence with Private Balcony!

Immaculately designed, this 1,135 square foot two-bedroom, two-bathroom residence features Western exposures and a 53 square foot 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 large 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, three medicine cabinets and a double vanity 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. Availability and additional fees may apply.

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: 01/10/2023

Douglas Elliman Real Estate

Co-Listed By

Daniel Kent

Douglas Elliman Real Estate License #10401349450

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,092

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 0.66

HOA Fees

  • $408 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 1,132 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Additional Features

  • Dishwasher
  • Balcony
  • West Facing Home

Community Details

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

Listing and Financial Details

  • Tax Block 16226

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,092

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$408 per month

Listing Details

  • Cross Street: OCEAN PROMENADE and ROCKAWAY BEACH BOULEVARD
  • Exposures: West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Rockaway Park
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Dryer, Dishwasher, Washer Dryer Allowed, Washer
  • Living Area: 1132.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 408.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Building Name: ONE SIXTEEN
  • Units: 86
  • Total Stories: 8
  • Year Built: 2018

Tax Info

  • Tax Block: 16226
  • Tax Annual: 13092.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2023
Closed on
Sep 18, 2023
Sold by
Beach 116 Associates Llc
Bought by
Taylor Mary
Seller's Agent
Nicholas Compagnone
Douglas Elliman Real Estate
List Price
$1
Sold Price
$695,000
Premium/Discount to List
$694,999
69499900%
Views
183
Current Estimated Value
$744,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,513
Avg. Annual Appreciation
3.62%
Original Mortgage
$500,000
Outstanding Balance
$491,026
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$252,040
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
Taylor Mary $695,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Mary $500,000
Previous Owner Bank Leumi Usa $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2023 09/18/23 Sold $695,000 +69499900.0% $614 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
01/10/2023 01/10/23 For Sale $1 -- $0 / 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 $13,535 $107,749 $12,797 $94,952
2024 $13,535 $108,265 $12,098 $96,167
2023 $13,439 $107,495 $10,120 $97,375
2022 $13,058 $106,725 $12,797 $93,928
2021 $11,093 $90,429 $12,797 $77,632
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10908308

Real Estate Board of New York (REBNY)

APN: 16226-1256