NOT LISTED FOR SALE

Estimated Value: $1,239,000 - $1,495,000

2 Beds
2 Baths
1,000 Sq Ft
$422/mo HOA Fee

Last Sold November 26, 2021

Last sale price $1,345,000 $1,345 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,674/month

40 Days on Market

Highlights

  • The community has rules related to allowing pied a terres
  • 14 Foot Ceilings
  • Intercom
  • Magnet School of Math Science & Design Technology Rated A
  • New Windows
  • Garden

About This Home

As of November 2021

Spectacular, one-of-a-kind, move-in ready 2 bedroom, 2 bath CONDO with outdoor garden oasis. This is the one you have been waiting for!

#2B is a quiet, sunny & bright home, with tons of sky & light, and high lofted 14 foot ceilings with oversized 11 foot, floor to ceiling, windows. The immaculate open kitchen has stainless steel appliances including dishwasher, a marble and glass backsplash, and Caesar stone countertops including a large island breakfast bar.

Both bedrooms are perfectly proportioned along with excellent closet and storage space. Upstairs you have an additional lofted mezzanine space perfect for a home office, that also features an in-unit washer and dryer and large storage closet. Both bathrooms are well-appointed, one featuring a tub and the other a glass shower.

Bring your green thumb and BBQ and enjoy a quiet respite from city life, just outside your patio door, a truly incredible, 423 sq ft tranquil private backyard equipped with electricity, water, and a large shed for extra storage.

231 16th Street is a self managed, 8 unit building, with a tax abatement until 2033! Conveniently situated right off trendy 5th Avenue with restaurants and shops including neighborhood highlights Prospect Bar & Grill, Sidecar, Black Horse Pub, Le French Tart, Piccoli Trattoria, and Athena. Located 2 blocks from the F subway line, with easy access to the R train at 4th Ave and Prospect.

Last Agent to Sell the Property

Alex Mahgoub

Compass License #10301209001 Listed on: 08/17/2021

Compass

Co-Listed By

Martin Eiden

Compass License #10301206241

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $144

Year Built

  • Built in 2006

Lot Details

  • Northeast Facing Home
  • Garden

HOA Fees

  • $422 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,000 Sq Ft Home
  • 4-Story Property
  • 14 Foot Ceilings
  • New Windows
  • Dining Area
  • Intercom

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air

Community Details

  • South Slope Subdivision
  • The community has rules related to allowing pied a terres

Listing and Financial Details

  • Legal Lot and Block 58 / 1048

Property Details

Home Type

Condominium

Est. Annual Taxes

$144

Year Built

Built in 2006

Lot Details

0

HOA Fees

$422 per month

Listing Details

  • Cross Street: 5th Avenue/6th Avenue
  • Exposures: North, East
  • SponsorUnitYN: No
  • BuildingRules: BuildingWasherDryerAllowed, PiedATerreAllowed
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: South Slope
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Washer Dryer
  • Equipment (Other): Intercom
  • Ceiling Height: 14.0
  • Living Area: 1000.0
  • Living Area Units: Square Feet
  • Dining Type: Area
  • Floor Number: 2
  • Window Features: New Windows

Beds/Baths

  • Bathrooms Total: 2
  • Full Bathrooms: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Garden

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 422.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • New Development: No
  • Landmark Status: No
  • Total Stories: 4
  • Year Built: 2006

Tax Info

  • Tax Block: 1048
  • Tax Lot: 58
  • Building Tax Lot: 58
  • Tax Annual: 144.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2021
Closed on
Nov 23, 2021
Sold by
Beckmann Erich and Polur Gabriella
Bought by
Koch Alison
Seller's Agent
Alex Mahgoub
Compass
List Price
$1,345,000
Sold Price
$1,345,000
Current Estimated Value
$1,365,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,502
Avg. Annual Appreciation
0.39%
Original Mortgage
$630,000
Outstanding Balance
$578,480
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$787,022

Purchase Details

Listed on
Sep 20, 2017
Closed on
Jan 2, 2018
Sold by
Hayn Susan and Hayn Marczika Susan
Bought by
Beckmann Erich and Polur Gabriella
Seller's Agent
David Askew
IVEY NORTH LLC
List Price
$1,250,000
Sold Price
$1,145,000
Premium/Discount to List
-$105,000
-8.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.21%
Original Mortgage
$973,250
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Koch Alison $1,345,000 --
Beckmann Erich $1,145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koch Alison $630,000
Previous Owner Beckmann Erich $973,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/26/2021 11/26/21 Sold $1,345,000 0.0% $1,345 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $1,345,000 +17.5% $1,345 / Sq Ft
01/02/2018 01/02/18 Sold $1,145,000 -8.4% $1,145 / Sq Ft View Prior Sale
12/03/2017 12/03/17 Pending -- -- --
09/21/2017 09/21/17 For Sale $1,250,000 -- $1,250 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $140 $140,342 $9,594 $130,748
2024 $140 $124,535 $9,594 $114,941
2023 $138 $103,779 $9,594 $94,185
2022 $137 $101,966 $9,594 $92,372
2021 $138 $81,549 $9,594 $71,955
2020 $103 $91,845 $9,594 $82,251
2019 $141 $114,800 $9,594 $105,206
2018 $143 $82,552 $5,519 $77,033
2017 $143 $79,992 $6,214 $73,778
2016 $145 $74,067 $6,317 $67,750
2015 $113 $68,581 $7,003 $61,578
2014 $113 $63,502 $5,186 $58,316
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10737477

Real Estate Board of New York (REBNY)

APN: 01048-1104