NOT LISTED FOR SALE

16 Raleigh Place Brooklyn, NY 11226

Flatbush Neighborhood

Estimated Value: $966,000 - $1,274,000

5 Beds
3 Baths
2,160 Sq Ft
$489/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $865,000 $400 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,268/month

Highlights

  • Wood Flooring
  • 1-minute walk to Church Avenue (2,5 Line)
  • Laundry Facilities
  • Porch
  • Multiple cooling system units
  • Back and Front Yard

About This Home

As of June 2021

Incredible investment opportunity in East Flatbush. Legal two famliy house with a full and finished basement that has a separate entrance. House is currently laid out as a large 3 bedroom 1 bathroom over a 2 bedroom 1 bath. Both units are in great move in condition. Property has great development potential 2000 square foot lot with R6 zoning.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,637

Year Built

  • Built in 1910

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back and Front Yard

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Porch
  • Multiple cooling system units

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Tax Block 4869

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,637

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1000
  • Building Length: 50.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Church ave
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Other
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Dishwasher, Laundry Area, Microwave, Porch, Refrigerator, Stove
  • Fill Sq Ft Total: 2160
  • Building Stories: 2
  • Street Name I D X: Raleigh
  • Street Number I D X: 16
  • Building Style: Duplex
  • Year Built: 1910
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 5
  • Flooring: Hardwood
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 48
  • Roof: Other

Utilities

  • Air Conditioning Units: 4
  • Electric: Other
  • Heating Fuel: Other
  • Hot Water: Other

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2020
Closed on
Jun 18, 2021
Sold by
Joseph As Specific Devisees Lindsay Ju
Bought by
Jorian Benjamin J and Jorian Cecilia B
Sold Price
$865,000
Current Estimated Value
$1,057,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,011
Avg. Annual Appreciation
4.87%
Original Mortgage
$873,879
Outstanding Balance
$795,339
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$261,672
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
Jorian Benjamin J $890,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jorian Benjamin J $301,300
Closed Jorian Benjamin J $120,000
Open Jorian Benjamin J $873,879
Previous Owner Joseph Verna $1,089,788
Previous Owner Joseph Verna $200,000
Previous Owner Joseph Verna $58,055
Previous Owner Joseph Verna $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $865,000 -- $400 / Sq Ft
07/22/2020 07/22/20 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 $6,637 $73,980 $20,040 $53,940
2024 $6,637 $58,440 $20,040 $38,400
2023 $6,367 $60,240 $20,040 $40,200
2022 $5,908 $53,460 $20,040 $33,420
2021 $2,265 $50,880 $20,040 $30,840
2020 $4,897 $51,180 $20,040 $31,140
2019 $2,151 $48,720 $20,040 $28,680
2018 $2,004 $26,126 $12,136 $13,990
2017 $1,867 $24,661 $12,750 $11,911
2016 $1,707 $23,288 $13,228 $10,060
2015 $2,586 $23,288 $14,747 $8,541
2014 $2,586 $22,947 $17,431 $5,516
Source: Public Records

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 440732

Brooklyn Board of REALTORS®

APN: 04869-0048

New York Kings County Brooklyn 11226 Flatbush

16 Raleigh Place, Brooklyn, NY

This home is located at 16 Raleigh Place, Brooklyn, NY 11226 since 22 July 2020 and is currently estimated at $1,057,011, approximately $489 per square foot. This property was built in 1910. 16 Raleigh Place is a home located in Kings County with nearby schools including P.S. 181, M.S. 61 Dr. Gladstone H. Atwell Middle School, and Flatbush Ascend Charter School.

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