NOT LISTED FOR SALE

8640 16th Ave Brooklyn, NY 11214

Bath Beach Neighborhood

Estimated Value: $1,350,102 - $1,741,000

5 Beds
2 Baths
3,135 Sq Ft
$505/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $1,610,000 $514 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $9,465/month

Highlights

  • 2,272 Sq Ft lot
  • Wood Flooring
  • Porch
  • P.S. 229 Dyker Rated A
  • 3 Car Detached Garage
  • Back, Front, and Side Yard

About This Home

As of September 2022

LEGAL 2 FAMMILY TOTALLY RENOVATED. CLOSE TO SHOPPING AND TRANSPORTATION.

Last Agent to Sell the Property

Vito Angelo

RE/MAX Real Estate Professionals License #40AN0957928 Listed on: 04/14/2022

RE/MAX Real Estate Professionals

Last Buyer's Agent

Billy Apter

RE/MAX Real Estate Professionals License #40AP1037712

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,457

Year Built

  • Built in 1935

Lot Details

  • 2,272 Sq Ft Lot
  • Lot Dimensions are 96 x 23
  • Back, Front, and Side Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3,135 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Car Detached Garage
  • Shared Driveway

Outdoor Features

  • Porch

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 6362

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,457

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Total Bathrooms: 2.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Beds Total Level1: 2
  • Beds Total Level2: 3
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1140
  • Building Length: 60.00
  • Building Width: 19.00
  • Co List Office Mls Id: 114610
  • Co List Office Phone: (718) 532-2000
  • Confirmed By M L S Y N: Yes
  • Cross Street: 86th St
  • Cross Street Name2: Benson Av
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 3 Spaces, Detached Garage
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Porch, Refrigerator, Stove
  • Rooms Total Level1: 4
  • Rooms Total Level2: 5
  • Fill Sq Ft Total: 3135
  • Building Stories: 2
  • Street Name I D X: 16th
  • Street Number I D X: 8640
  • Building Style: Other
  • Year Built: 1935
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2272
  • Total Rooms: 9

Exterior Features

  • Yard: Back, Front, Side
  • Exterior Building Type: Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 59
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 96
  • Lot Size Width: 23
  • Zoning: R5

Tax Info

  • Flip Tax Amount: 9457.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
Sep 9, 2022
Sold by
Cianciolo Ercole and Cianciolo Josephine
Bought by
Chen Li and Li Shan Biao
Seller's Agent
Vito Angelo
RE/MAX Real Estate Professionals
Buyer's Agent
Billy Apter
RE/MAX Real Estate Professionals
Sold Price
$1,610,000
Current Estimated Value
$1,583,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,974
Avg. Annual Appreciation
-0.57%
Original Mortgage
$828,000
Outstanding Balance
$793,085
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$789,941

Purchase Details

Closed on
Oct 14, 1982
Sold by
Alaimo Giovanni
Bought by
Cianciolo Ercole
Source: Public Records

Range of Values:

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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
Chen Li $1,600,000 --
Cianciolo Ercole -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Li $828,000
Previous Owner Cianciolo Ercole $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2022 09/09/22 Sold $1,610,000 -- $514 / Sq Ft
04/14/2022 04/14/22 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 $10,075 $78,420 $11,640 $66,780
2024 $10,075 $77,940 $11,640 $66,300
2023 $10,188 $94,320 $11,640 $82,680
2022 $7,180 $103,320 $11,640 $91,680
2021 $9,457 $92,460 $11,640 $80,820
2020 $7,133 $88,320 $11,640 $76,680
2019 $8,452 $90,600 $11,640 $78,960
2018 $8,224 $41,803 $7,215 $34,588
2017 $8,090 $41,158 $6,377 $34,781
2016 $7,453 $38,830 $7,181 $31,649
2015 $4,463 $36,633 $9,125 $27,508
2014 $4,463 $34,836 $10,415 $24,421
Source: Public Records

Agents Affiliated with this Home

  • Vito Angelo

    Seller's Agent in 2022

    Vito Angelo

    RE/MAX

    (718) 887-5708

    17 in this area

    261 Total Sales

    Vito Angelo
    Section Image

  • B

    Seller Co-Listing Agent in 2022

    Billy Apter

    RE/MAX

    (718) 887-5708

    17 in this area

    251 Total Sales

    Billy Apter
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 460779

Brooklyn Board of REALTORS®

APN: 06362-0059

New York Kings County Brooklyn 11214 Bath Beach

8640 16th Ave, Brooklyn, NY

This home is located at 8640 16th Ave, Brooklyn, NY 11214 since 14 April 2022 and is currently estimated at $1,583,026, approximately $504 per square foot. This property was built in 1935. 8640 16th Ave is a home located in Kings County with nearby schools including P.S. 229 Dyker and St Bernadette School.

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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