NOT LISTED FOR SALE

Estimated Value: $1,025,000 - $1,265,000

2 Beds
2 Baths
864 Sq Ft
$390/mo HOA Fee

Last Sold September 01, 2021

Last sale price $849,000 $983 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,509/month

20 Days on Market

Highlights

  • Newly Remodeled
  • Terrace
  • Balcony
  • Magnet School of Math Science & Design Technology Rated A
  • Den
  • Central Air

About This Home

As of September 2021

Welcome home to this jaw dropping, duplex apartment with stunning 15 foot high ceilings and dramatic floor to ceiling windows! While the apartment is legally a one bedroom, flex space abounds offering multiple configurations that you can tailor to your specific needs. One the first level one finds the open concept living/dining room, with an inviting balcony beyond. The well appointed kitchen features a suite of stainless steel appliances, including a vented hood, dishwasher and attractive cabinets. In addition, a well-sized breakfast bar offers plenty of space for prep! Beyond the living space lies the primary bedroom - also featuring the same, soaring, 15 ft high ceilings and floor to ceiling windows. This room also features ample closet space and a full bathroom right outside the door.

In addition to the legal primary bedroom there are two unique flex spaces that can be tailored to suit your specific needs. The first is a cozy interior room on the main level that could be used as a home office, den or second bedroom. The second is the loft space overlooking the living room. Open to below, this space receives beautiful light from the floor to ceiling living room windows, and features 8 foot high ceilings. The in unit washer and vented dryer is also located on this floor, as is a sizable storage closet. The space also makes a perfect den or home office, and could even be used as guest quarters as a second full bath is adjacent.

As if that were not enough, the apartment also comes with a deeded section of the roof deck, which is shared with three other residents. With sweeping views of Manhattan and partial shade, this is a great spot to spend a lazy afternoon, work out your green thumb, or just hang with friends. 231 16th Street is a self managed, 8 unit building, that has just had their tax abatement extended until 2033, culminating in ultra low monthlies of just $400! The location is also fantastic with numerous neighborhood favorites like Prospect Bar & Grill, Sidecar, Black Horse Pub, Le French Tart, Piccoli Trattoria and Athena all within a block or two, as well as numerous fitness options, and very close and easy access to the R train at 4th Ave and Prospect!

Last Agent to Sell the Property

Bridget Applegate

Corcoran Group License #10301216099 Listed on: 06/02/2021

Corcoran Group

Co-Listed By

Charlie Pigott

Corcoran Group License #10301210078

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $129

Year Built

  • Built in 2006 | Newly Remodeled

HOA Fees

  • $390 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 864 Sq Ft Home
  • 4-Story Property
  • Den

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Terrace

Additional Features

  • South Facing Home
  • Central Air

Community Details

  • 8 Units
  • 231 16Th Street Condominium Condos
  • Park Slope Subdivision

Listing and Financial Details

  • Tax Block 1048

Property Details

Home Type

Condominium

Est. Annual Taxes

$129

Year Built

Built in 2006 | Newly Remodeled

Lot Details

0

HOA Fees

$390 per month

Listing Details

  • Cross Street: 5th Avenue & 6th Avenue
  • Exposures: South
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Park Slope
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Features: Den
  • Appliances: Dryer, Washer
  • Living Area: 864.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4
  • Dining Room Type: Den

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Terrace, Balcony, Rooftop

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 389.52
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 100.0 x 25.0

Building Info

  • New Construction: Yes
  • Building Name: 231 16th Street Condominium
  • Units: 8
  • Total Stories: 4
  • Year Built: 2006

Tax Info

  • Tax Block: 1048
  • Tax Annual: 129.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Sep 7, 2021
Sold by
Covalt Adam and Covalt Adrienne Stephanie
Bought by
Lee Kevin
Seller's Agent
Bridget Applegate
Corcoran Group
List Price
$849,000
Sold Price
$849,000
Current Estimated Value
$1,152,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,019
Avg. Annual Appreciation
7.71%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lee Kevin $940,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2021 09/01/21 Sold $849,000 0.0% $983 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $849,000 -- $983 / 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 $129 $129,546 $8,856 $120,690
2024 $129 $114,955 $8,856 $106,099
2023 $127 $95,796 $8,856 $86,940
2022 $127 $94,122 $8,856 $85,266
2021 $125 $75,276 $8,856 $66,420
2020 $95 $84,780 $8,856 $75,924
2019 $129 $105,970 $8,856 $97,114
2018 $132 $76,202 $5,095 $71,107
2017 $132 $73,838 $5,736 $68,102
2016 $133 $68,369 $5,831 $62,538
2015 $104 $63,306 $6,465 $56,841
2014 $104 $58,617 $4,787 $53,830
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10723235

Real Estate Board of New York (REBNY)

APN: 01048-1105