NOT LISTED FOR SALE

1633 E 16th St Brooklyn, NY 11229

Homecrest Neighborhood

Estimated Value: $22,262,573

-- Bed
-- Bath
25,000 Sq Ft
$891/Sq Ft Est. Value

About This Home

This home is located at 1633 E 16th St, Brooklyn, NY 11229 and is currently estimated at $22,262,573, approximately $890 per square foot. 1633 E 16th 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 James Madison High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2022
Sold by
Kings Hwy Development Llc
Bought by
King Hwy Deveolpment 4 Llc and Kings Hwy Development 2 Llc
Current Estimated Value
$22,262,573

Purchase Details

Closed on
Jan 31, 2019
Sold by
Kings Way Funding Llc and % :Falcon Retail Llc
Bought by
Kings Hwy Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,875,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 2004
Sold by
Condor Realty Llc and % Transworld 21 W 19Th St 2Nd Fl
Bought by
Kings Way Funding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,100,000
Interest Rate
5.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2003
Sold by
Kings Funding Llc
Bought by
Condor Realty Llc and Kings Way Funding Llc

Purchase Details

Closed on
Apr 11, 2002
Sold by
Waldbaum Inc
Bought by
Kings Funding Llc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
King Hwy Deveolpment 4 Llc $22,349,478 --
King Hwy Deveolpment 4 Llc $22,349,478 --
Kings Hwy Development Llc $8,500,000 --
Kings Hwy Development Llc $8,500,000 --
Kings Way Funding Llc $4,500,000 --
Kings Way Funding Llc $4,500,000 --
Condor Realty Llc -- --
Condor Realty Llc -- --
Kings Funding Llc -- --
Kings Funding Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kings Hwy Development Llc $2,875,000
Previous Owner Kings Way Funding Llc $6,100,000
Source: Public Records

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 $69,856 $1,264,950 $1,264,950 --
2024 $69,856 $972,900 $972,900 $0
2023 $59,522 $748,350 $748,350 $0
2022 $53,644 $575,550 $575,550 $0
2021 $49,952 $500,400 $500,400 $0
2020 $48,316 $501,750 $500,400 $1,350
2019 $45,752 $501,750 $500,400 $1,350
2018 $43,859 $417,150 $417,150 $0
2017 $102,054 $970,650 $417,150 $553,500
2016 $97,735 $924,300 $417,150 $507,150
2015 $87,576 $1,317,600 $417,150 $900,450
2014 $87,576 $1,867,050 $417,150 $1,449,900
Source: Public Records

Map

New York Kings County Brooklyn 11229 Homecrest

1633 E 16th St, Brooklyn, NY

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