NOT LISTED FOR SALE

Estimated Value: $712,000 - $749,903

2 Beds
2 Baths
1,106 Sq Ft
$596/mo HOA Fee

Last Sold April 28, 2022

Last sale price $765,000 $692 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,679/month

Highlights

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

About This Home

As of April 2022

This well-designed 1,106 square foot two-bedroom, two-bathroom residence features Eastern exposures and a 57 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: 04/08/2022

Douglas Elliman Real Estate

Co-Listed By

Glenn Davis

Douglas Elliman Real Estate License #10301209267

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,824

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 0.66

HOA Fees

  • $596 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 1,106 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Washer Dryer Allowed
  • Balcony
  • East 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

$10,824

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$596 per month

Listing Details

  • Cross Street: OCEAN PROMENADE and ROCKAWAY BEACH BOULEVARD
  • Exposures: East
  • 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: Washer Dryer Allowed
  • Living Area: 1106.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

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: 596.0
  • 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: 10824.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
Apr 28, 2022
Sold by
Beach 116 Associates Llc
Bought by
Weiwei Tan Li Trustee and Weiwei Tan Living Trust Dated December 1
Seller's Agent
Nicholas Compagnone
Douglas Elliman Real Estate
List Price
$765,000
Sold Price
$765,000
Current Estimated Value
$730,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,524
Avg. Annual Appreciation
-1.10%
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
Weiwei Tan Li Trustee $765,000 --
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
06/10/2023 06/10/23 Off Market $765,000 -- --
07/27/2022 07/27/22 Off Market $765,000 -- --
04/28/2022 04/28/22 Sold $765,000 0.0% $692 / Sq Ft
04/08/2022 04/08/22 For Sale $765,000 -- $692 / 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 $13,240 $105,400 $12,518 $92,882
2024 $13,240 $105,906 $11,834 $94,072
2023 $12,899 $105,152 $12,518 $92,634
2022 $12,773 $104,399 $12,518 $91,881
2021 $10,851 $88,458 $12,518 $75,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10845267

Real Estate Board of New York (REBNY)

APN: 16226-1245