NOT LISTED FOR SALE

8745 16th Ave Brooklyn, NY 11214

Bath Beach Neighborhood

Estimated Value: $1,234,584 - $1,531,000

5 Beds
3 Baths
1,886 Sq Ft
$734/Sq Ft Est. Value

Last Sold December 04, 2023

Last sale price $900,000 $477 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $7,898/month

7 Days on Market

Highlights

  • No HOA
  • P.S. 163 Bath Beach Rated A
  • Radiant Heating System

About This Home

As of December 2023

PROPERTY IS OCCUPIED. BUYER TAKES TITLE SUBJECT TO TENANCIES AND OCCUPANTS. NO ACCESS FOR INSPECTION OR OTHERWISE WILL BE PROVIDED PRE-CLOSING. SELLER PREFERS CLOSING ON OR BEFORE NOVEMBER 28, 2023. UPON SUBMITTING AN OFFER, PURCHASER ACKNOWLEDGES PROPERTY IS SOLD FULLY OCCUPIED, WITH ANY AND ALL VIOALTIONS (IF ANY), CAN CLOSE ON OR BEFORE 11/28/23, RESPONSIBLE FOR SELLERS TRANSFER TAX.REO Bank Owned Property For Sale - Perfect for those looking for an Investment Opportunity or to Customize Your Home!! Come check out this Amazing 2 Story Multi-Family Home!! On the First Floor, there's a 2-Bedroom Unit with a Full Bath, a Living Room, and an Eat-In Kitchen. On the Second Floor, there's a 3-Bedroom Unit with a Full Bath, a Living Room, and an Eat-In Kitchen. On the Basement Level, there's additional 3 Rooms and a Full Bath!! This property comes with a Detached Garage!! REO Bank Owned Property For Sale - Perfect for those looking for an Investment Opportunity or to Customize Your Home!! PROPERTY IS OCCUPIED. BUYER TAKES TITLE SUBJECT TO TENANCIES AND OCCUPANTS. NO ACCESS FOR INSPECTION OR OTHERWISE WILL BE PROVIDED PRE-CLOSING. SELLER PREFERS CLOSING ON OR BEFORE NOVEMBER 28, 2023. UPON SUBMITTING AN OFFER, PURCHASER ACKNOWLEDGES PROPERTY IS SOLD FULLY OCCUPIED, WITH ANY AND ALL VIOALTIONS (IF ANY), CAN CLOSE ON OR BEFORE 11/28/23, RESPONSIBLE FOR SELLERS TRANSFER TAX.

Last Agent to Sell the Property

Ruslan Mingazov

RE Max Edge Group License #10301217779 Listed on: 10/23/2023

RE Max Edge Group

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 27 x 108

Parking

  • Outside Parking

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,886 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Radiant Heating System

Community Details

  • No Home Owners Association
  • Bath Beach Subdivision

Listing and Financial Details

  • Property Available on 12/5/23
  • Tax Block 06397

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: BATH AVE.
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bath Beach
  • Entry Level: 2
  • Structure Type: House
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Living Area: 1886.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 5

Garage/Parking

  • Garage: No
  • Parking Features: Outside

Utilities

  • Laundry Features: Building None, None
  • Cooling: Window Unit(s)
  • Heating: Radiant
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 27 X 108

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 2
  • Year Built: 1900

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2023-12-05

Tax Info

  • Tax Block: 06397
  • Tax Lot: 0000

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2023
Closed on
Dec 4, 2023
Sold by
21St Mortgage Corporation
Bought by
Fyk2023 Llc
Seller's Agent
Ruslan Mingazov
RE Max Edge Group
List Price
$588,888
Sold Price
$900,000
Premium/Discount to List
$311,112
52.83%
Views
71
Current Estimated Value
$1,383,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$483,646
Avg. Annual Appreciation
21.17%

Purchase Details

Closed on
Oct 26, 2017
Sold by
Perlman Esq As Referee David H
Bought by
21St Mortgage Corporation

Purchase Details

Closed on
Mar 24, 2006
Sold by
Lam Mei Lian and Lam Wing Shing
Bought by
Nwe Me Me and Thein Myo Zaw

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,320
Interest Rate
6.26%

Purchase Details

Closed on
Jun 22, 1998
Sold by
Altuna John
Bought by
Lam Wing Shing and Lam Kwan Ngan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fyk2023 Llc $900,000 --
Fyk2023 Llc $900,000 --
21St Mortgage Corporation $1,192,044 --
21St Mortgage Corporation $1,192,044 --
Nwe Me Me $741,600 --
Nwe Me Me $741,600 --
Lam Wing Shing $295,000 First American Title Ins Co
Lam Wing Shing $295,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nwe Me Me $148,320
Previous Owner Nwe Me Me $593,280
Previous Owner Lam Wing Shing $232,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2023 12/04/23 Sold $900,000 +52.8% $477 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
10/23/2023 10/23/23 For Sale $588,888 -- $312 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $9,326 $78,120 $15,240 $62,880
2024 $9,326 $74,520 $15,240 $59,280
2023 $8,907 $88,200 $15,240 $72,960
2022 $7,899 $89,220 $15,240 $73,980
2021 $8,276 $85,200 $15,240 $69,960
2020 $8,368 $72,840 $15,240 $57,600
2019 $8,095 $72,840 $15,240 $57,600
2018 $7,450 $36,547 $9,101 $27,446
2017 $7,085 $34,754 $8,289 $26,465
2016 $6,589 $32,962 $8,804 $24,158
2015 $3,954 $32,943 $11,007 $21,936
2014 $3,954 $32,246 $12,898 $19,348
Source: Public Records

Agents Affiliated with this Home

  • Ruslan Mingazov

    Seller's Agent in 2023

    Ruslan Mingazov

    RE Max Edge Group

    (646) 241-8842

    3 in this area

    235 Total Sales

    Ruslan Mingazov
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10920667

Real Estate Board of New York (REBNY)

APN: 06397-0016

New York Kings County Brooklyn 11214 Bath Beach

8745 16th Ave, Brooklyn, NY

Not Listed for Sale

Detached

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