Landlord's Agent in 2024
Jason Abrishami
Douglas Elliman Real Estate
(516) 238-3520
2 in this area
61 Total Sales
314 E 16th St Unit 2 Brooklyn, NY 11226
Ditmas Park NeighborhoodEstimated Value: $1,256,000 - $2,153,000
3
Beds
2
Baths
--
Sq Ft
1920
Built
About This Home
As of July 2024Make this renovated 3 bed/2 bath your new home in Ditmas Park! This second floor-through apartment features three spacious windowed bedrooms, a bright open living and dining area with enough space for both your living an dining room furniture, eat-in kitchen which is fitted with custom wooden cabinetry, stainless steel appliances, as well as plenty of countertop space, and two elegant full windowed baths, both of which have stand up showers, and come appointed with modern fixtures, vanities and tiling. Additional features include tons of storage and closet space, bright exposures, hardwood flooring, recessed LED lighting, along with some original details. Nearby transportation includes the B/Q trains at Beverly Rd, and only a short jaunt to Prospect Park, Cafe Madeline, Milk & Honey Cafe, Cafe Tibet, Werkstatt, The Castello Plan, Mimi's Hummus, and steps away from the shopping and dining districts along Cortelyou Road & Church Avenue. Pets are not permitted.
Last Agent to Rent the Property
Douglas Elliman Real Estate License #10301216796 Listed on: 06/21/2024
Property Details
Home Type
- Co-Op
Year Built
- Built in 1920
Home Design
- Entry on the 2nd floor
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Additional Features
- 3-Story Property
- No Cooling
Community Details
- No Home Owners Association
- 2 Units
- Ditmas Park Subdivision
Listing and Financial Details
- Property Available on 6/21/24
- Legal Lot and Block 0026 / 05146
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 21, 2024
Closed on
May 24, 2024
Sold by
Kings 314 E Inc
Bought by
Naeem Arsalan and Naeem Zeshan
Seller's Agent
Jason Abrishami
Douglas Elliman Real Estate
Sold Price
$6,500
Views
19
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,771,736
Original Mortgage
$1,170,000
Outstanding Balance
$1,153,617
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$624,619
Purchase Details
Closed on
Jan 4, 2023
Sold by
Estate Of Etwaria Ramdass and Rudranauth Ramdass As Executor
Bought by
Kings 314 E Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,170,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Naeem Arsalan | -- | -- | |
| Naeem Arsalan | -- | -- | |
| Kings 314 E Inc | $1,125,000 | -- | |
| Kings 314 E Inc | $1,125,000 | -- | |
| Kings 314 E Inc | $1,125,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Naeem Arsalan | $1,170,000 | |
| Closed | Naeem Arsalan | $1,170,000 | |
| Previous Owner | Kings 314 E Inc | $1,170,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/11/2024 07/11/24 | Rented | $6,500 | +62.7% | -- |
| 07/11/2024 07/11/24 | Under Contract | -- | -- | -- |
| 06/30/2024 06/30/24 | Price Changed | $3,995 | -5.4% | -- |
| 06/21/2024 06/21/24 | For Rent | $4,225 | -- | -- |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $9,355 | $136,860 | $29,700 | $107,160 |
| 2024 | $9,355 | $130,860 | $29,700 | $101,160 |
| 2023 | $9,213 | $115,140 | $29,700 | $85,440 |
| 2022 | $8,544 | $94,260 | $29,700 | $64,560 |
| 2021 | $9,007 | $92,700 | $29,700 | $63,000 |
| 2020 | $9,007 | $102,000 | $29,700 | $72,300 |
| 2019 | $8,120 | $112,800 | $29,700 | $83,100 |
| 2018 | $7,706 | $37,803 | $11,911 | $25,892 |
| 2017 | $7,270 | $35,665 | $16,167 | $19,498 |
| 2016 | $7,130 | $35,665 | $13,945 | $21,720 |
| 2015 | $4,058 | $34,287 | $17,824 | $16,463 |
| 2014 | $4,058 | $32,347 | $19,233 | $13,114 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Abrishami
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10988389
APN: 05146-0026
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