NOT LISTED FOR SALE

2172 E 16th St Brooklyn, NY 11229

Sheepshead Bay Neighborhood

Estimated Value: $866,000 - $922,000

3 Beds
2 Baths
1,568 Sq Ft
$565/Sq Ft Est. Value

Last Sold February 10, 2022

Last sale price $910,000 $580 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,248/month

Highlights

  • Wood Flooring
  • 2-minute walk to Avenue U (Q Line)
  • Multiple cooling system units
  • Jhs 234 Arthur W Cunningham Rated A-
  • Terrace
  • Baseboard Heating

About This Home

As of February 2022

Location! Location! Two Family Brick House in the heart of Sheepshead Bay. Minutes to Ave. U supermarkets, stores, restaurants and trains station. First floor apartment features 1 grand size bedroom with three big closets, full bathroom, kitchen with floor heat, countertop and tons of cabinets. Second floor features 2 big bedrooms, full bathroom, kitchen, separate dinning room and living room area and a nice deck which make summer barbeques or family gatherings a memorable occasion. Separated boiler and heat, climate control with ductless split AC (Cooling & Heating) units, built in garage, updated plumbing and electric systems. Great for home starter or investment. Won’t last long, call and schedule the showing now.

Last Agent to Sell the Property

Yukie Zhang

Ilite Realty Inc Listed on: 08/26/2021

Last Buyer's Agent

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,700

Year Built

  • Built in 1935

Lot Details

  • 1,629 Sq Ft Lot
  • Lot Dimensions are 48 x 34
  • Back Yard

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 1,568 Sq Ft Home
  • 2-Story Property
  • Window Treatments

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Carport
  • Garage Door Opener

Outdoor Features

  • Terrace

Utilities

  • Multiple cooling system units
  • Ductless Heating Or Cooling System
  • Split Air Conditioning
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 7348

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,700

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Basement Amenities: None
  • Total Bathrooms: 2.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Borough: Brooklyn
  • Building Length: 26.00
  • Building Width: 34.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue V
  • Cross Street Name2: Avenue U
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard, Ductless/Split, Hot Water
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 1 Space
  • Parking Feature Single: Carport
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Central Air - Split, Dishwasher, Dryer, Garage Door Opener(s), Microwave, Refrigerator, Stove, Terrace, Washer, Window Treatments, Other
  • Fill Sq Ft Total: 1568
  • Building Stories: 2
  • Street Name I D X: 16th
  • Year Built: 1935
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 1629

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Other
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 38
  • Roof: Asphalt/Tar

Utilities

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

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 48
  • Lot Size Width: 34
  • Zoning: R5

Tax Info

  • Flip Tax Amount: 6699.80

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Feb 10, 2022
Sold by
Oo Khin Maung and Oo May Than
Bought by
Li Fengjuan and Li Hongguang
Seller's Agent
Yukie Zhang
Ilite Realty Inc
Buyer's Agent
NON MEMBER
Sold Price
$910,000
Current Estimated Value
$885,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,452
Avg. Annual Appreciation
-0.70%
Original Mortgage
$591,500
Outstanding Balance
$549,253
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$336,295

Purchase Details

Closed on
Jul 30, 1996
Sold by
Oo Khin Maung
Bought by
Oo Khin Maung and Oo May Than

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,400
Interest Rate
8.18%
Mortgage Type
FHA
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
Li Fengjuan $910,000 --
Oo Khin Maung -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Fengjuan $591,500
Previous Owner Oo Khin Maung $163,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2022 02/10/22 Sold $910,000 -- $580 / Sq Ft
08/26/2021 08/26/21 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 $7,464 $51,720 $11,340 $40,380
2024 $7,464 $45,840 $11,340 $34,500
2023 $7,547 $49,080 $11,340 $37,740
2022 $7,034 $51,780 $11,340 $40,440
2021 $6,700 $46,320 $11,340 $34,980
2020 $5,025 $44,220 $11,340 $32,880
2019 $6,186 $44,220 $11,340 $32,880
2018 $6,015 $30,969 $8,684 $22,285
2017 $5,686 $29,362 $8,657 $20,705
2016 $5,228 $27,702 $7,873 $19,829
2015 $3,121 $27,356 $9,433 $17,923
2014 $3,121 $25,808 $10,226 $15,582
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2022

    Yukie Zhang

    Ilite Realty Inc

    (769) 253-2116

    29 in this area

    100 Total Sales

    Yukie Zhang
    Section Image

  • N

    Buyer's Agent in 2022

    NON MEMBER

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 455105

Brooklyn Board of REALTORS®

APN: 07348-0038

New York Kings County Brooklyn 11229 Sheepshead Bay

2172 E 16th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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