NOT LISTED FOR SALE

16 Melrose St Unit 4 R Brooklyn, NY 11206

Bushwick Neighborhood

Estimated Value: $642,000 - $739,000

1 Bed
1 Bath
-- Sq Ft
$147/mo HOA Fee

Last Sold May 15, 2023

Last sale price $609,932

Est. 11% increase in value since last sale

Current estimated payment $4,571/month

28 Days on Market

Highlights

  • Balcony
  • Southwest Facing Home
  • 1-minute walk to Myrtle Avenue

About This Home

As of May 2023

Immediate Occupancy AvailableWith easy access to the J/M/Z lines, and neighboring Bed-Stuy and Williamsburg, Unit 4R is a commuter's haven located at 16 Melrose Street in Bushwick. Stylish Elegance. Sun-filled afternoons on the balcony. Closet space worth writing home about. This 1-bed, 1-bath residence offers approximately 556 square feet of efficient, luxurious living sure to stun.Upon entering the unit, one of the first things you can't help but notice is the impeccable kitchen boasting high-end stainless steel appliances from Fisher & Paykel, Bosch, and Blomberg. The dramatic detailing includes a Brienza faucet in antique copper that ties the room together and elevates the kitchen, while the island offers additional counter space perfect for sharing a glass of wine or espresso after dinner. The flow into the living space feels natural as the incredible southern facing windows set the space aglow. Designed with easy living in mind, you'll revel in the private covered balcony and in-unit washer and dryer.The bedroom is located in the back corner of the building and offers a quiet retreat from the street below. The remarkably spacious closet offers more than enough room for your wardrobe - and if not, the generous front hall closet offers back up storage for the style inclined or packrats among us. The bedroom also offers ample space, double window exposures, and the entrance to your private covered balcony. The stylish bathroom features imported beveled gold tile mosaics, sleek mirrors with built-in lighting, calacatta marble floors, and the perfect place to snap a selfie.With Brooklyn at your fingertips, this apartment is perfectly located for those who like to soak up the art, food, and culture Bushwick is known for. When taking a break from the shared rooftop space, there are incredible dining options such as Indika House and Concrete just around the corner, cozy cafe's such as Above Ground dot the neighborhood, and if you're looking for fun, there's always a place to grab a drink nearby. There's a lot to love about Unit 4R.This is not an offering. The complete offering terms are in an offering plan available from the sponsor. File No. CD20-0185.

Last Agent to Sell the Property

Julian Sapala

Corcoran Group License #10301222916 Listed on: 02/16/2023

Corcoran Group

Co-Listed By

Nicole Schmidlein

Corcoran Group License #10401330292

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,484

Year Built

  • Built in 2021

Lot Details

  • Southwest Facing Home
  • Property is in good condition

HOA Fees

  • $147 Monthly HOA Fees

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Washer Dryer Allowed
  • Balcony

Community Details

  • 6 Units
  • Complex: The Melro Condos
  • Bushwick Subdivision
  • 5-Story Property

Listing and Financial Details

  • Tax Block 01824

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,484

Year Built

Built in 2021

Lot Details

0

HOA Fees

$147 per month

Listing Details

  • Exposures: South, West
  • Delivered Vacant: Yes
  • BuildingRules: BuildingWasherDryerAllowed
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bushwick
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Washer Dryer, Washer Dryer Allowed
  • Floor Number: 4

Beds/Baths

  • Bathrooms Total: 1.0
  • Full Bathrooms: 1
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Balcony
  • Property Condition: Good

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 147.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • New Development: No
  • Building Name: Complex: The Melro
  • Units: 6
  • Total Stories: 5
  • Year Built: 2021

Tax Info

  • Tax Block: 01824
  • Building Tax Lot: 0016
  • Tax Annual: 5484.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
May 15, 2023
Sold by
Melrose Complex Inc
Bought by
Shen Peng
Seller's Agent
Julian Sapala
Corcoran Group
List Price
$599,000
Sold Price
$609,932
Premium/Discount to List
$10,932
1.83%
Views
4
Current Estimated Value
$674,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,513
Original Mortgage
$359,400
Outstanding Balance
$350,171
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Shen Peng $609,931 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shen Peng $359,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2023 06/11/23 Off Market $599,000 -- --
05/15/2023 05/15/23 Sold $609,932 +1.8% --
03/17/2023 03/17/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $599,000 -- --
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 $8,993 $67,111 $9,400 $57,711
2024 $8,993 $75,288 $9,400 $65,888
2023 $8,858 $74,728 $9,400 $65,328
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10893366

Real Estate Board of New York (REBNY)

APN: 03160-1306