NOT LISTED FOR SALE

1587 E 16th St Brooklyn, NY 11230

Midwood Neighborhood

Estimated Value: $1,041,868 - $1,269,000

-- Bed
2.5 Baths
1,408 Sq Ft
$804/Sq Ft Est. Value

Last Sold April 13, 2022

Last sale price $1,138,000 $808 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,407/month

Highlights

  • Wood Flooring
  • 2-minute walk to Kings Highway (B,Q Line)
  • Hot Water Heating System
  • P.S. 197 Kings Highway Academy (The) Rated A-
  • Terrace
  • Heating System Uses Steam

About This Home

As of April 2022

A STUNNING EXTRAVAGANTLY BRIGHT FULLY DETACHED TWO FAMILY HOUSE HAS BEEN RENOVATED WITH PRIVATE PARKING. TOP FLOOR FEATURES 2 BEDROOMS, A KITCHEN, A FULL BATH AND CLOSET SPACE. MAIN FLOOR FEATURES A FULL BATH, 2 BEDROOMS, LIVING ROOM, DINING WITH A KITCHEN. SPACIOUS AND SUNNY THROUGHOUT WITH A PRIVATE FULL UPDATED BASEMENT WITH OUTSIDE SEPARATE SIDE ENTRANCE. BACKYARD PERFECT FOR RELAXING AND ENTERTAINING WITH FAMILY AND FRIENDS. CONVENIENTLY LOCATION TO ALL TRANSPORTATION, SHOPPING AND SCHOOLS, SUBWAY AT KINGS HWY Q,B. BRING YOUR VISION AND MAKE THIS YOUR FOREVER HOME. DON'T MISS THIS GREAT OPPORTUNITY !

Last Agent to Sell the Property

Angela Yu

RE/MAX Real Estate Professionals Listed on: 10/21/2021

RE/MAX Real Estate Professionals

Last Buyer's Agent

Angela Yu

RE/MAX Real Estate Professionals Listed on: 10/21/2021

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 2,050 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

  • 2-Story Property
  • Window Treatments
  • Stove

Flooring

  • Wood
  • Ceramic Tile

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • Private Driveway

Outdoor Features

  • Terrace

Utilities

  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 6763

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full, Separate Entrance
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Borough: Brooklyn
  • Building Length: 48.00
  • Building Width: 16.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue O
  • Cross Street Name2: Avenue P
  • Handicap Access Y N U: No
  • Heat Delivery: Hot Water, Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 3 Spaces
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove, Terrace, Window Treatments
  • Building Stories: 2
  • Street Name I D X: 16th
  • Year Built: 1920
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Basement Half Bathrooms: 1
  • Flooring: Ceramic, Hardwood
  • Lot Sq Ft: 2050

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: 0
  • Electric: 220 V, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

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

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Apr 12, 2022
Sold by
Gdg Property Llc
Bought by
Moy George Y and Zhu Li Fen
Seller's Agent
Angela Yu
RE/MAX Real Estate Professionals
Buyer's Agent
Angela Yu
RE/MAX Real Estate Professionals
Sold Price
$1,138,000
Current Estimated Value
$1,131,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,533
Avg. Annual Appreciation
-0.15%
Original Mortgage
$853,500
Outstanding Balance
$805,563
Interest Rate
4.72%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$325,904

Purchase Details

Closed on
Feb 14, 2018
Sold by
Lai Ho Yin and Wong Man Yee
Bought by
Gdg Property Llc

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 Lei Alex $127,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2022 04/13/22 Sold $1,138,000 -- $808 / Sq Ft
10/21/2021 10/21/21 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 2022

    Angela Yu

    RE/MAX

    (416) 222-8600

    1 in this area

    2 Total Sales

    Angela Yu
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 456583

Brooklyn Board of REALTORS®

APN: 06763-0061

New York Kings County Brooklyn 11229 Midwood

1587 E 16th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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