NOT LISTED FOR SALE

220 16th St Brooklyn, NY 11215

South Slope Neighborhood

Estimated Value: $6,129,020

0.42 Acres
$14,592,905 Price per Acre
18,295 Sq Ft Lot

Last Sold May 05, 2014

Last sale price $2,800,000

Est. 119% increase in value since last sale

Current estimated payment $37,054/month

189 Days on Market

Highlights

  • 0.42 Acre Lot
  • Paved or Partially Paved Lot
  • 4-minute walk to Slope Park Playground
  • Magnet School of Math Science & Design Technology Rated A-

About This Lot

As of May 2014

Park Slope Development Site* 18,680 Square Foot Lot* 44 Feet Of Frontage On 16th Street* The Zoning Is R6B And The F.A.R. Is 2.0* The Property Can Include Curb Cuts For Parking*

Last Agent to Sell the Property

Joyce Coletti

Douglas Elliman Real Estate Brokerage Phone: 516-432-3400 License #40CO0875691 Listed on: 02/21/2013

Douglas Elliman Real Estate

Last Buyer's Agent

Joyce Coletti

Douglas Elliman Real Estate Brokerage Phone: 516-432-3400 License #40CO0875691 Listed on: 02/21/2013

Douglas Elliman Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,000

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 44 x 157
  • Paved or Partially Paved Lot
  • Level Lot
  • Cleared Lot

Community Details

  • Association fees include electricity, gas, sewer

Listing and Financial Details

  • Legal Lot and Block 38 / 1053
  • Assessor Parcel Number 01053-0038

Property Details

Property Type

Land

Est. Annual Taxes

$20,000

Lot Details

0.42 Acres

Listing Details

  • Property Type: Land
  • Property SubType: Unimproved Land
  • Attribution Contact: 516-432-3400
  • BylawsAttachedYN: 0
  • BuildingPermitYN: 0
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Pool Private: No
  • Spa: No
  • View YN: No
  • FloodZoneReportYN: 0
  • RoadFrontageLength: 44

Utilities

  • Cooling: No
  • Sewer: Sewer
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available

Condo/Co-op/Association

  • HOA Fee Includes: Electricity, Gas, Sewer
  • Senior Community: No

Fee Information

  • AdditionalFeesYN: 0

Lot Info

  • Horses: No
  • Lot Size Acres: 0.42
  • Lot Dimensions: 44 X 157
  • Lot Size Sq Ft: 3465
  • Lot Features: Level, Cleared, Paved
  • Parcel Number: 01053-0038
  • Zoning Description: Residential
  • ExtraLandAvailableYN: 0

Rental Info

  • Lease Considered: No
  • Available Date: 2013-10-15

Tax Info

  • Tax Annual Amount: 20000
  • Tax Block: 1053
  • Tax Lot: 38
  • Tax Map Number: K01053-0038

MLS Schools

  • Middle School District: Brooklyn 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2022
Sold by
Grekam Realty Management Inc
Bought by
Sweet 16 Equities Llc
Current Estimated Value
$6,129,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,650,000
Outstanding Balance
$4,361,104
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$1,767,916

Purchase Details

Listed on
Feb 21, 2013
Closed on
Apr 24, 2014
Sold by
Hancock Cindy and Hancock Cindy Lu
Bought by
Grekam Realty Management Inc
Seller's Agent
Joyce Coletti
Douglas Elliman Real Estate
Buyer's Agent
Joyce Coletti
Douglas Elliman Real Estate
List Price
$3,500,000
Sold Price
$2,800,000
Premium/Discount to List
-$700,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.82%
Original Mortgage
$1,500,000
Interest Rate
4.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 1999
Sold by
Hancock Clifton and Greenberg Harvey L
Bought by
Hancock James and Hancock Cindy Lu
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
Sweet 16 Equities Llc $5,220,000 --
Sweet 16 Equities Llc $5,220,000 --
Sweet 16 Equities Llc $5,220,000 --
Grekam Realty Management Inc $1,820,000 --
Grekam Realty Management Inc $1,820,000 --
Grekam Realty Management Inc $980,000 --
Hancock James $174,000 Chicago Title Insurance Co
Hancock James -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sweet 16 Equities Llc $4,650,000
Closed Sweet 16 Equities Llc $4,650,000
Previous Owner Grekam Realty Management Inc $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2014 05/05/14 Sold $2,800,000 -20.0% --
08/30/2013 08/30/13 Pending -- -- --
02/21/2013 02/21/13 For Sale $3,500,000 -- --
Source: OneKey® MLS

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 $61,963 $870,300 $201,150 $669,150
2023 $51,213 $741,600 $201,150 $540,450
2022 $42,929 $637,200 $201,150 $436,050
2021 $31,761 $297,000 $59,400 $237,600
2020 $17,750 $378,900 $59,400 $319,500
2019 $31,132 $350,550 $59,400 $291,150
2018 $29,561 $332,100 $59,400 $272,700
2017 $27,773 $306,450 $59,400 $247,050
2016 $25,714 $267,750 $59,400 $208,350
2015 $13,767 $223,650 $59,400 $164,250
2014 $13,767 $275,850 $59,400 $216,450
Source: Public Records

Agents Affiliated with this Home

  • Joyce Coletti

    Seller's Agent in 2014

    Joyce Coletti

    Douglas Elliman Real Estate

    (516) 313-2700

    81 Total Sales

    Joyce Coletti
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Map

Source: OneKey® MLS

MLS Number: KEY2559337

OneKey® MLS

APN: 01053-0038

New York Kings County Brooklyn 11215 South Slope

220 16th St, Brooklyn, NY

Not Listed for Sale

Lots

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