NOT LISTED FOR SALE

8751 16th Ave Brooklyn, NY 11214

Bath Beach Neighborhood

Estimated Value: $1,630,000 - $2,032,000

Studio
3.5 Baths
3,590 Sq Ft
$502/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $1,638,000 $456 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $10,198/month

Highlights

  • 5,417 Sq Ft lot
  • Wood Flooring
  • Brick Front
  • P.S. 163 Bath Beach Rated A
  • Back and Side Yard
  • Heating System Uses Steam

About This Home

As of December 2023

Welcome to this exceptional property situated in the sought-after Bath Beach area. This outstanding three-family detached property boasts a 50x118 lot, making it an incredible opportunity for any type of home buyer, whether an investor or an end-user. With a detached garage and an extra wide private driveway, this property offers ample parking space. The extra-large home comprises three levels in addition to a finished basement. The 1st and 2nd floors, each measuring 25x55, feature four bedrooms, a living room, and a kitchen, while the 3rd floor, measuring 25x42, consists of two bedrooms, a living room, and a kitchen. This remarkable property is a rare find with its spacious lot size and is perfect for anyone looking for a unique home. Contact us today to schedule a private showing and experience this amazing home for yourself.

Last Agent to Sell the Property

Mandy Shi

Momentum Real Estate LLC Listed on: 03/22/2023

Last Buyer's Agent

Xiaobing Zhang

Momentum Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,956

Year Built

  • Built in 1925

Lot Details

  • 5,417 Sq Ft Lot
  • Lot Dimensions are 118 x 50
  • Back and Side Yard

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Siding
  • Brick Front

Interior Spaces

  • 3,590 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Carpet
  • Tile

Parking

  • 6 Parking Spaces
  • Private Driveway

Utilities

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

Community Details

  • 3 Units
  • Community Storage Space

Listing and Financial Details

  • Tax Block 6397

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,956

Year Built

Built in 1925

Lot Details

5,417 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 25.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Benson Ave
  • Cross Street Name2: Bath Ave
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: 6+ Spaces
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 3590
  • Building Stories: 2
  • Street Name I D X: 16th
  • Year Built: 1925
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Basement Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Flooring: Carpeting, Hardwood, Tile
  • Lot Sq Ft: 5417

Exterior Features

  • Yard: Back, Side
  • Exterior Building Type: Detached
  • Construction Type: Wood Frame
  • Exterior: Brick Face, Siding
  • Foundation Details: Slab Concrete
  • Lot Number: 13
  • Roof: Pitched

Utilities

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

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 118
  • Lot Size Width: 50
  • Zoning: R4

Tax Info

  • Flip Tax Amount: 9956.00

Multi Family

  • Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
Dec 20, 2023
Sold by
Last Will And Testament Of Louis P Spadaro and Last Will And Testament Of Louis Spadaro
Bought by
Guan Mindy and Guan Ming Ly
Seller's Agent
Mandy Shi
Momentum Real Estate LLC
Buyer's Agent
Xiaobing Zhang
Momentum Real Estate LLC
List Price
$1,950,000
Sold Price
$1,638,000
Premium/Discount to List
-$312,000
-16%
Views
55
Current Estimated Value
$1,801,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,281
Avg. Annual Appreciation
4.39%
Original Mortgage
$1,050,000
Outstanding Balance
$1,030,006
Interest Rate
7.29%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$771,275

Purchase Details

Closed on
Jun 23, 2000
Sold by
Spadaro Louis
Bought by
Spadaro Louis and Spadaro Concetta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.83%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Guan Mindy $1,638,000 --
Guan Mindy $1,638,000 --
Guan Mindy $1,638,000 --
Spadaro Louis -- Fidelity National Title Ins
Spadaro Louis -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guan Mindy $1,050,000
Closed Guan Mindy $1,050,000
Previous Owner Spadaro Louis $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2023 12/22/23 Sold $1,638,000 -6.4% $456 / Sq Ft
07/10/2023 07/10/23 Price Changed $1,750,000 -2.8% $487 / Sq Ft
06/12/2023 06/12/23 Price Changed $1,799,500 0.0% $501 / Sq Ft
05/02/2023 05/02/23 Price Changed $1,800,000 -7.7% $501 / Sq Ft
03/22/2023 03/22/23 For Sale $1,950,000 -- $543 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $11,140 $92,340 $23,880 $68,460
2024 $11,140 $88,260 $23,880 $64,380
2023 $10,653 $106,260 $23,880 $82,380
2022 $9,956 $116,400 $23,880 $92,520
2021 $9,953 $101,460 $23,880 $77,580
2019 $9,669 $84,300 $23,880 $60,420
2018 $8,911 $43,712 $13,775 $29,937
2017 $8,472 $41,560 $12,381 $29,179
2016 $7,879 $39,412 $14,338 $25,074
2015 $4,729 $39,412 $19,818 $19,594
2014 $4,729 $38,517 $16,465 $22,052
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mandy Shi

    Momentum Real Estate LLC

    (718) 382-0001

    6 in this area

    67 Total Sales

    Mandy Shi
    Section Image

  • X

    Buyer's Agent in 2023

    Xiaobing Zhang

    Momentum Real Estate LLC

    (646) 215-1531

    2 in this area

    71 Total Sales

    Xiaobing Zhang
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 472689

Brooklyn Board of REALTORS®

APN: 06397-0013

New York Kings County Brooklyn 11214 Bath Beach

8751 16th Ave, Brooklyn, NY

Not Listed for Sale

MultiFamily

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