NOT LISTED FOR SALE

1968 E 16th St Brooklyn, NY 11229

Homecrest Neighborhood

Estimated Value: $845,000 - $984,775

4 Beds
3 Baths
1,800 Sq Ft
$514/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $780,000 $433 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,410/month

Highlights

  • 2 Car Attached Garage
  • 4-minute walk to Avenue U (Q Line)
  • Multiple cooling system units
  • Jhs 234 Arthur W Cunningham Rated A-
  • Tile Flooring
  • 3-minute walk to Kelly Playground

About This Home

As of August 2021

All Bricks Legal 2 family Move-In-Ready with Built In Garage. Located right on E16th St between Ave T and Ave S which is just a block away from Ave U subway station for B & Q train. Close to all transportations and supermarkets. This wonderful home comes with total of 4 bedrooms, 2 on each unit and total of 3 full bathrooms. The entire house is freshly painted with brand new floor. Every single room in the house comes with windows which brings in ton of natural light. 2 electric meters, 2 gas meters. 1ST FLOOR - Foyer, 2 Bedrooms, 2 Bathrooms, Kitchen, Garage, Boiler and Laundry room. 2ND FLOOR - Large living room, dining room with door to private backyard, 2 Bedrooms, Bathroom. No basement. Low property tax, high rental income. House is ready to be delivered vacant. CALL NOW to schedule your showing!

Last Agent to Sell the Property

ALLEN SIU LUN TANG

Re/Max Real Estate Professiona Listed on: 04/02/2021

Last Buyer's Agent

ALLEN SIU LUN TANG

Re/Max Real Estate Professiona Listed on: 04/02/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,899

Year Built

  • Built in 1930

Lot Details

  • 1,536 Sq Ft Lot
  • Lot Dimensions are 48 x 32
  • Partially Fenced Property
  • Back and Front Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Carport

Utilities

  • Multiple cooling system units
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Tax Block 7294

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,899

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: None
  • Baths Total Level1: 2.00
  • Baths Total Level2: 1.00
  • Borough: Brooklyn
  • Building Length: 28.00
  • Building Width: 32.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ave T
  • Cross Street Name2: Ave S
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 2 Spaces, Built-In Garage
  • Parking Feature Single: Carport
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Dryer, Laundry Area, Washer
  • Fill Sq Ft Total: 1800
  • Building Stories: 2
  • Street Name I D X: 16
  • Year Built: 1930
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Laminate, Tile
  • Lot Sq Ft: 1536

Exterior Features

  • Yard: Back, Front, Fenced - Partial
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 37
  • Roof: Flat

Utilities

  • Air Conditioning Units: 4
  • Electric: 110 V, 220 V
  • Heating Fuel: Gas
  • Hot Water: Hot Water Coil in Boiler

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 48
  • Lot Size Width: 32
  • Zoning: R5 / C2-2

Tax Info

  • Flip Tax Amount: 5899.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
Aug 27, 2021
Sold by
Ben Neng Hu Trustee
Bought by
Xiao Jianping and Xiao Yan Qun
Seller's Agent
ALLEN SIU LUN TANG
Re/Max Real Estate Professiona
Buyer's Agent
ALLEN SIU LUN TANG
Re/Max Real Estate Professiona
Sold Price
$780,000
Current Estimated Value
$925,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,694
Avg. Annual Appreciation
4.02%
Original Mortgage
$480,000
Outstanding Balance
$436,112
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$489,582

Purchase Details

Closed on
Jan 4, 2021
Sold by
Hu Ben Neng and Zhou Trust
Bought by
Hu Ben Neng and Zhou Trust

Purchase Details

Closed on
Jul 26, 2016
Sold by
Hu Ben Neng
Bought by
Zhou Trust

Purchase Details

Closed on
Nov 30, 2004
Sold by
Kong Tung Sze
Bought by
Hu Ben Neng and Zhou Li Ming

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage
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
Xiao Jianping $780,000 --
Hu Ben Neng -- --
Zhou Trust -- --
Hu Ben Neng $438,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xiao Jianping $480,000
Previous Owner Hu Ben Neng $328,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2021 08/27/21 Sold $780,000 -- $433 / Sq Ft
04/02/2021 04/02/21 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 $6,716 $63,300 $8,400 $54,900
2024 $6,716 $49,980 $8,400 $41,580
2023 $6,549 $53,640 $8,400 $45,240
2022 $6,250 $49,980 $8,400 $41,580
2021 $6,216 $58,800 $8,400 $50,400
2020 $5,899 $49,560 $8,400 $41,160
2019 $5,830 $39,660 $8,400 $31,260
2018 $5,478 $26,872 $5,291 $21,581
2017 $5,319 $26,092 $5,428 $20,664
2016 $4,921 $24,616 $5,488 $19,128
2015 $2,749 $23,223 $6,122 $17,101
2014 $2,749 $23,223 $7,346 $15,877
Source: Public Records

Agents Affiliated with this Home

  • ALLEN SIU LUN TANG

    Seller's Agent in 2021

    ALLEN SIU LUN TANG

    RE/MAX

    (917) 518-8880

    1 in this area

    103 Total Sales

    ALLEN SIU LUN TANG
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 449720

Brooklyn Board of REALTORS®

APN: 07294-0037

New York Kings County Brooklyn 11229 Homecrest

1968 E 16th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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