NOT LISTED FOR SALE

1971 E 16th St Brooklyn, NY 11229

Homecrest Neighborhood

Estimated Value: $1,072,000 - $1,527,000

6 Beds
2 Baths
2,093 Sq Ft
$630/Sq Ft Est. Value

Sale Details

Date Sold: December 5, 2019

Last sale price $800,000 $382 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $8,012 / mo

Highlights

  • Deck
  • 4-minute walk to Avenue U (Q Line)
  • Terrace
  • Jhs 234 Arthur W Cunningham Rated A-
  • Wood Flooring
  • 3-minute walk to Kelly Playground

About This Home

As of December 2019

This two Family detached home is located in the up and coming neighborhood of Homecrest. In need of some TLC this home has amazing potential for End-Users and Investors. Boasting 2.5 stories; the first floor consists of 2 spacious bedrooms, formal living room, formal dining room, eat-in-kitchen and a full bath. The basement could be used as a duplex with the first floor but also has its own separate entrance. The second floor and stand up attic is used as a duplex with a total of 4 bedrooms, formal living room, formal dining room, a sun-room, an eat-in-kitchen/dinette and 1 full bathroom. Nearby transportation includes the B49 bus route and the Q train subway station. Located in School District #21. Motivated Seller, Present All Offers!

Last Agent to Sell the Property

Ruslan Mingazov

RE/MAX Edge License #10301217779 Listed on: 06/03/2019

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,661

Year Built

  • Built in 1930

Lot Details

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

Home Design

  • Poured Concrete
  • Wood Frame Construction
  • Pitched Roof
  • Aluminum Siding

Interior Spaces

  • 2,093 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Shared Driveway
  • Parking Lot

Outdoor Features

  • Deck
  • Terrace
  • Porch

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Oil
  • 220 Volts
  • Oil Water Heater

Community Details

  • 2 Units
  • 2 Vacant Units

Listing and Financial Details

  • Tax Block 7295

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,661

Year Built

Built in 1930

Lot Details

2,000 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished, Full
  • Total Bathrooms: 2.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Borough: Brooklyn
  • Building Length: 54.00
  • Building Width: 15.50
  • Co List Office Mls Id: 118210
  • Co List Office Phone: (718) 612-3088
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue S
  • Cross Street Name2: Avenue T
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Available Units: 2
  • Number Of Families: 2
  • Parking Attributes: 1 Space, Parking Area, Other
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window, Deck, Porch, Terrace, Other
  • Rooms Total Level3: 2
  • Fill Sq Ft Total: 2093
  • Building Stories: 2
  • Street Name I D X: 16
  • Year Built: 1930
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 6
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Construction Type: Wood Frame
  • Exterior: Aluminum Siding
  • Foundation Details: Poured Concrete
  • Lot Number: 59
  • Roof: Pitched

Utilities

  • Air Conditioning Units: 5+
  • Electric: 220 V
  • Heating Fuel: Oil
  • Hot Water: Oil

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R5

Tax Info

  • Flip Tax Amount: 6661.00

Multi Family

  • Unit Count: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2019
Closed on
Dec 5, 2019
Sold by
Bought by
Seller's Agent
Ruslan Mingazov
RE/MAX Edge
Buyer's Agent
Ruslan Mingazov
RE/MAX Edge
Sold Price
$800,000
Current Estimated Value
$1,319,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$519,631
Avg. Annual Appreciation
7.80%

Purchase Details

Closed on
Jan 18, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
0.046%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$800,000 --
$800,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/05/2019 12/05/19 Sold $800,000 -- $382 / Sq Ft
06/03/2019 06/03/19 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,865 $96,720 $13,080 $83,640
2025 $9,365 $77,460 $13,080 $64,380
2024 $9,365 $61,200 $13,080 $48,120
2023 $8,892 $64,440 $13,080 $51,360
2022 $8,992 $58,800 $13,080 $45,720
2021 $9,210 $64,500 $13,080 $51,420
2019 $7,581 $66,120 $13,080 $53,040
2018 $5,024 $32,678 $7,522 $25,156
2017 $5,428 $32,678 $7,562 $25,116
2016 $5,278 $32,431 $8,728 $23,703
2015 $2,942 $30,596 $9,107 $21,489
2014 $2,942 $28,865 $9,894 $18,971
Source: Public Records

Agents Affiliated with this Home

  • Ruslan Mingazov

    Seller's Agent in 2019

    Ruslan Mingazov

    RE/MAX Edge

    (646) 241-8842

    1 in this area

    231 Total Sales

    Ruslan Mingazov
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 430452

Brooklyn Board of REALTORS®

APN: 07295-0059

New York Kings County Brooklyn 11229 Homecrest

1971 E 16th St, Brooklyn, NY

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Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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