NOT LISTED FOR SALE

2172 E 16th St Brooklyn, NY 11229

Sheepshead Bay Neighborhood

Estimated Value: $835,887 - $1,032,000

3 Beds
2 Baths
1,568 Sq Ft
$604/Sq Ft Est. Value

Last Sold February 10, 2022

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

Est. 4% increase in value since last sale

Current estimated payment $5,940/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

  • Lot Dimensions are 48 x 34
  • Back Yard

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 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
  • Mini Split Air Conditioners
  • Ductless Heating Or Cooling System
  • Baseboard Heating
  • Heating System Uses Steam
  • 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
  • Beds Total Level1: 1
  • Beds Total Level2: 2
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 884
  • 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
  • Rooms Total Level1: 3
  • Rooms Total Level2: 5
  • Building Stories: 2
  • Street Name I D X: 16th
  • Street Number I D X: 2172
  • Year Built: 1935
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Hardwood, Tile

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
Total Days on Market
0
Current Estimated Value
$947,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,222
Avg. Annual Appreciation
2.57%
Original Mortgage
$591,500
Outstanding Balance
$558,545
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$431,144

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

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Range of Values:

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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 $224,400
Previous Owner Oo Khin Maung $163,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    26 in this area

    90 Total Sales

    Yukie Zhang
    Section Image

  • N

    Buyer's Agent in 2022

    NON MEMBER

See All Agents

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

This home is located at 2172 E 16th St, Brooklyn, NY 11229 since 26 August 2021 and is currently estimated at $947,222, approximately $604 per square foot. This property was built in 1935. 2172 E 16th St is a home located in Kings County with nearby schools including P.S. 255 Barbara Reing School, Jhs 234 Arthur W Cunningham, and Yeshivat Or Hatorah.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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