NOT LISTED FOR SALE

1587 E 16 St Brooklyn, NY 11230

Midwood Neighborhood

Estimated Value: $1,047,000 - $1,249,000

5 Beds
2 Baths
1,408 Sq Ft
$826/Sq Ft Est. Value

Last Sold February 15, 2018

Last sale price $883,900 $628 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,830/month

Highlights

  • Wood Flooring
  • 2-minute walk to Kings Highway (B,Q Line)
  • Heating System Uses Steam
  • P.S. 197 Kings Highway Academy (The) Rated A-
  • Multiple cooling system units
  • Private Driveway

About This Home

As of February 2018

GREAT INVESTMENT OPPORTUNITY. THIS FULLY DETACHED TWO FAMILY HOUSE IS AVAILABLE FOR SALE WITH PRIVATE DRIVEWAY PLUS A FULL FINISHED BASEMEN LOCATED STEPS TO KINGS HWY ON A QUIET TREE-LINED STREET. TOP FLOOR APARTMENT IS 2BR/1BA, A LIVING ROOM AND KITCHEN WITH SEPARATE SIDE ENTRANCE. THE GROUND FLOOR APARTMENT IS 3BR/1BA , OPEN KITCHEN WITH ACCESS TO LARGE PRIVATE REAR YARD. MINUTES TO ALL TRANSPORTATION, SHOPPING AND SCHOOLS, SUBWAY AT KINGS HWY Q,B. THIS HOME IS WELL KEPT AND PRICED TO SELL. WILL NOT LAST !!!!! MOTIVATED SELLER. PLEASE BRING QUALIFIED BUYERS WITH MORTGAGE PRE-QUALIFICATION AND BUYER FINANCIAL PROFILE…..

Last Agent to Sell the Property

Angela Yu

RE/MAX Real Estate Professionals Listed on: 09/06/2017

RE/MAX Real Estate Professionals

Last Buyer's Agent

Angela Yu

RE/MAX Real Estate Professionals Listed on: 09/06/2017

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,316

Year Built

  • Built in 1920

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 82 x 25
  • Back and Front Yard

Home Design

  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 1,408 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Microwave

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Private Driveway

Utilities

  • Multiple cooling system units
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 6763

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,316

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Total Bathrooms: 2.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Beds Total Level1: 3
  • Beds Total Level2: 2
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 640
  • Building Length: 40.00
  • Building Width: 16.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: AVE O
  • Cross Street Name2: AVE P
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 1 Space
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit, Microwave, Refrigerator, Stove, Window Treatments
  • Rooms Total Level1: 5
  • Rooms Total Level2: 5
  • Fill Sq Ft Total: 1408
  • Building Stories: 2
  • Street Name I D X: 16
  • Street Number I D X: 1587
  • Year Built: 1920
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Ceramic, Hardwood
  • Lot Sq Ft: 2000
  • Total Rooms: 10

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Detached
  • Construction Type: Wood Frame
  • Exterior: Stucco
  • Foundation Details: Block
  • Lot Number: 61
  • Roof: Shingle

Utilities

  • Air Conditioning Units: 4
  • Electric: Fuses
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 82
  • Lot Size Width: 25
  • Zoning: R4-1

Tax Info

  • Flip Tax Amount: 4316.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2022
Sold by
Gdg Property Llc
Bought by
Moy George Y and Zhu Li Fen
Current Estimated Value
$1,162,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$853,500
Outstanding Balance
$808,085
Interest Rate
4.72%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$354,345

Purchase Details

Listed on
Sep 6, 2017
Closed on
Feb 14, 2018
Sold by
Lai Ho Yin and Wong Man Yee
Bought by
Gdg Property Llc
Seller's Agent
Angela Yu
RE/MAX Real Estate Professionals
Buyer's Agent
Angela Yu
RE/MAX Real Estate Professionals
Sold Price
$883,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.70%

Purchase Details

Closed on
Jan 27, 2009
Sold by
He Da Wen and Lei Alex V
Bought by
Lai Ho Yin and Wong Man Yee

Purchase Details

Closed on
Nov 12, 1997
Sold by
Tse Yim See and Tse Lydia Moy
Bought by
Lei Alex and He Da Wen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

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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
Moy George Y $1,138,000 --
Gdg Property Llc $883,900 --
Lai Ho Yin -- --
Lei Alex $182,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moy George Y $853,500
Previous Owner Lai Ho Yin $400,000
Previous Owner He Da Wen $200,000
Previous Owner Lei Alex $50,000
Previous Owner Lei Alex $127,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2018 02/15/18 Sold $883,900 -- $628 / Sq Ft
09/06/2017 09/06/17 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $5,957 $55,800 $16,200 $39,600
2024 $5,957 $53,100 $16,200 $36,900
2023 $6,023 $55,920 $16,200 $39,720
2022 $5,876 $52,380 $16,200 $36,180
2021 $5,844 $43,560 $16,200 $27,360
2020 $2,741 $45,540 $16,200 $29,340
2019 $5,170 $45,540 $16,200 $29,340
2018 $4,741 $24,715 $8,969 $15,746
2017 $4,700 $24,528 $10,267 $14,261
2016 $4,316 $23,140 $9,996 $13,144
2015 $2,571 $21,831 $12,380 $9,451
2014 $2,571 $20,596 $12,953 $7,643
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Angela Yu

    RE/MAX

    (416) 222-8600

    1 in this area

    4 Total Sales

    Angela Yu
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 413450

Brooklyn Board of REALTORS®

APN: 06763-0061

New York Kings County Brooklyn 11229 Midwood

1587 E 16 St, Brooklyn, NY

This home is located at 1587 E 16 St, Brooklyn, NY 11230 since 06 September 2017 and is currently estimated at $1,162,430, approximately $825 per square foot. This property was built in 1920. 1587 E 16 St is a home located in Kings County with nearby schools including P.S. 197 Kings Highway Academy (The), Jhs 234 Arthur W Cunningham, and Yeshiva Toras Emes Kaminetz Elementary School.

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Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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