NOT LISTED FOR SALE

363 16th St Unit 1B Brooklyn, NY 11215

South Slope Neighborhood

Estimated Value: $914,000 - $1,404,179

1 Bed
2 Baths
1,092 Sq Ft
$463/mo HOA Fee

Last Sold June 02, 2022

Last sale price $1,150,000 $1,053 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,473/month

21 Days on Market

Highlights

  • Balcony
  • North Facing Home
  • 4-minute walk to Detective Joseph Mayrose Park
  • Magnet School of Math Science & Design Technology Rated A

About This Home

As of June 2022

Get ready for summer BBQs in your private garden! This spacious, modern condo has it all: open layout, private garden, laundry, generous custom closets, and split-system central air and heat. Step in your elevated first floor home into an open living area with floor-to-ceiling Marvin windows and a juliet balcony. The kitchen has stainless steel appliances and ample counters with a breakfast bar. The kitchen overlooks the large living room and dining alcove that can also accommodate a home office. A full bathroom is also on this level.

The lower level bedroom has been thoughtfully converted into two rooms. Light filters in through the wall of windows and glass french doors that lead out to your serene private garden, perfect for entertaining or dining al fresco. The two rooms were used as bedrooms, but there are many options to utilize them for your needs. A full bathroom, and two large walk-in closets, one with a custom California closet system, complete this level.

363 16th Street is centrally located: Prospect Park is a few blocks away as is the F, G train station at 15th Street/Prospect Park. Local amenities include Union Market, Russo's, Greenwood Park and many more dining and shopping options on 7th Avenue. Very low common charges at $462.50 and taxes at $22.63 per month (tax abatement expires in 2034) make this a great investment.

Last Agent to Sell the Property

Linda Peng

Corcoran Group License #10301213787 Listed on: 03/16/2022

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $276

Year Built

  • Built in 2007

HOA Fees

  • $463 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 1,092 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • North Facing Home

Community Details

  • 7 Units

Property Details

Home Type

Condominium

Est. Annual Taxes

$276

Year Built

Built in 2007

Lot Details

0

HOA Fees

$463 per month

Listing Details

  • Cross Street: 7 AVENUE and 8 AVENUE
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1092.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 463.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Units: 7
  • Total Stories: 4
  • Year Built: 2007

Tax Info

  • Tax Block: NA
  • Tax Annual: 276.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2022
Closed on
Jun 13, 2022
Sold by
Modi Nishank
Bought by
Palmour Alexandra and Tran Tracy
Seller's Agent
Linda Peng
Corcoran Group
List Price
$1,125,000
Sold Price
$1,150,000
Premium/Discount to List
$25,000
2.22%
Current Estimated Value
$1,143,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,205
Avg. Annual Appreciation
-0.16%
Original Mortgage
$315,344
Outstanding Balance
$299,946
Interest Rate
5.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$843,849

Purchase Details

Listed on
Apr 29, 2015
Closed on
Sep 22, 2015
Sold by
Hang Linda
Bought by
Modi Nishank
Seller's Agent
Scott Klein
Compass
List Price
$898,000
Sold Price
$875,000
Premium/Discount to List
-$23,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.16%
Original Mortgage
$700,000
Interest Rate
3.9%

Purchase Details

Closed on
Feb 21, 2012
Sold by
Bellitti Jeffrey
Bought by
Hang Linda and Hang Toan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2009
Sold by
363 16Th Street Condominium Llc
Bought by
Bellitti Jeffrey and Yorio Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
5.18%
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
Palmour Alexandra $1,150,000 --
Modi Nishank $875,000 --
Hang Linda $565,000 --
Bellitti Jeffrey $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmour Alexandra $315,344
Previous Owner Modi Nishank $700,000
Previous Owner Hang Linda $417,000
Previous Owner Bellitti Jeffrey $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/02/2022 06/02/22 Sold $1,150,000 +2.2% $1,053 / Sq Ft
03/17/2022 03/17/22 For Sale $1,125,000 +28.6% $1,030 / Sq Ft
09/23/2015 09/23/15 Sold $875,000 -2.6% $1,027 / Sq Ft View Prior Sale
08/24/2015 08/24/15 Pending -- -- --
05/04/2015 05/04/15 For Sale $898,000 -- $1,054 / 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 $278 $193,723 $19,564 $174,159
2024 $278 $161,422 $19,564 $141,858
2023 $273 $136,697 $19,564 $117,133
2022 $272 $134,366 $19,564 $114,802
2021 $273 $134,616 $19,564 $115,052
2020 $134 $145,605 $19,564 $126,041
2019 $281 $158,908 $19,564 $139,344
2018 $283 $77,578 $7,641 $69,937
2017 $283 $71,832 $8,222 $63,610
2016 $287 $71,832 $9,027 $62,805
2015 $224 $69,606 $10,472 $59,134
2014 $224 $64,450 $7,759 $56,691
Source: Public Records

Agents Affiliated with this Home

  • Linda Peng

    Seller's Agent in 2022

    Linda Peng

    Corcoran Group

    (646) 319-0192

    3 in this area

    16 Total Sales

    Linda Peng
    Section Image
  • Scott Klein

    Seller's Agent in 2015

    Scott Klein

    Compass

    (347) 423-9483

    4 in this area

    60 Total Sales

    Scott Klein
    Section Image
  • Hiram Borrero

    Seller Co-Listing Agent in 2015

    Hiram Borrero

    Compass

    (347) 688-2368

    1 in this area

    37 Total Sales

    Hiram Borrero
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10774559

Real Estate Board of New York (REBNY)

APN: 01104-1502

New York Kings County Brooklyn 11215 South Slope

363 16th St Unit 1B, Brooklyn, NY

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