NOT LISTED FOR SALE

2550 W 16th St Brooklyn, NY 11214

Gravesend Neighborhood

Estimated Value: $889,768 - $1,094,000

6 Beds
2 Baths
1,968 Sq Ft
$518/Sq Ft Est. Value

Last Sold November 21, 2022

Last sale price $900,000 $457 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,045/month

Highlights

  • Tile Flooring
  • Heating System Uses Steam
  • Back Yard
  • Multiple cooling system units

About This Home

As of November 2022

Two family brick house. Building size 20x55, lot size 20x100. The 1st and 2nd floor has 3 bathrooms and large living room. The house has front and rear terraces. Nearby Train,Bus, School,Shopping and all.

Last Agent to Sell the Property

Jein Riun Liang

RE/MAX Real Estate Professionals License #10401205443 Listed on: 04/04/2022

RE/MAX Real Estate Professionals

Last Buyer's Agent

Jein Riun Liang

RE/MAX Real Estate Professionals License #10401205443 Listed on: 04/04/2022

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,911

Year Built

  • Built in 1930

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 1,968 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Stove
  • Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Multiple cooling system units
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 6924

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,911

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Other
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1100
  • Building Length: 55.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Bay 50th St
  • Handicap Access Y N U: No
  • Heat Delivery: Hot Water
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove, Other
  • Fill Sq Ft Total: 1968
  • Building Stories: 2
  • Street Name I D X: 16th
  • Street Number I D X: 2550
  • Year Built: 1930
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 6
  • Flooring: Tile, Other
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 77
  • Roof: Flat

Utilities

  • Air Conditioning Units: 2
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R5

Tax Info

  • Flip Tax Amount: 5911.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2022
Closed on
Nov 21, 2022
Sold by
Chen Amy and Chen Zhao Huan
Bought by
Wu Liqin
Seller's Agent
Jein Riun Liang
RE/MAX Real Estate Professionals
Buyer's Agent
Jein Riun Liang
RE/MAX Real Estate Professionals
Sold Price
$900,000
Current Estimated Value
$1,019,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,442
Avg. Annual Appreciation
4.57%
Original Mortgage
$570,000
Outstanding Balance
$553,854
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$465,588

Purchase Details

Closed on
Jun 30, 2016
Sold by
Chen Jun Qiang and Chen Xi Yan
Bought by
Chen Amy and Chen Zhao Huan

Purchase Details

Closed on
Apr 13, 2015
Sold by
Chen Jun Qiang and Chen Jun Rong
Bought by
Chen Jun Qiang and Chen Xi Yan
Source: Public Records

Range of Values:

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Average Value
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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
Wu Liqin $900,000 --
Chen Amy -- --
Chen Jun Qiang -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Liqin $570,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2022 11/21/22 Sold $900,000 -- $457 / Sq Ft
04/04/2022 04/04/22 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 $6,390 $62,100 $10,080 $52,020
2024 $6,390 $59,340 $10,080 $49,260
2023 $6,112 $70,200 $10,080 $60,120
2022 $5,943 $61,440 $10,080 $51,360
2021 $5,911 $53,520 $10,080 $43,440
2020 $4,433 $64,920 $10,080 $54,840
2019 $5,546 $58,440 $10,080 $48,360
2018 $5,113 $25,081 $4,180 $20,901
2017 $4,757 $24,808 $5,484 $19,324
2016 $4,369 $23,407 $6,116 $17,291
2015 $2,603 $23,389 $8,894 $14,495
2014 $2,603 $22,094 $8,401 $13,693
Source: Public Records

Agents Affiliated with this Home

  • Jein Riun Liang

    Seller's Agent in 2022

    Jein Riun Liang

    RE/MAX

    (718) 838-8235

    6 in this area

    32 Total Sales

    Jein Riun Liang
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 460290

Brooklyn Board of REALTORS®

APN: 06924-0077

New York Kings County Brooklyn 11214 Gravesend

2550 W 16th St, Brooklyn, NY

This home is located at 2550 W 16th St, Brooklyn, NY 11214 since 04 April 2022 and is currently estimated at $1,019,442, approximately $518 per square foot. This property was built in 1930. 2550 W 16th St is a home located in Kings County with nearby schools including P.S. 212 Lady Deborah Moody, Is 281 Joseph B Cavallaro, and Hebrew Language Academy Charter 2.

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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