2 months on rocket

1572 E 16th St, Brooklyn, NY, 11230

$849,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths
1,872 SqFt
$454/SqFt
Multi
Schools Nearby

Location

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1572 E 16th St, Brooklyn$849,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAttached Garage, Private Drive
Attached GarageYes
Year Built1935
HeatingSteam, Natural Gas
CoolingWindow Unit(s)
FireplaceStove
MLS #480120
StatusActive

About 1572 E 16th St

Location, Location, Location! Wonderful legal 2 family brick property located in the vibrant Midwood section of Brooklyn, NY. This legal 2 family checks all the boxes for homeownership. The landlords unit on the top floor consists of a large 2 bedroom (currently configured as a 3 bedroom). The modern kitchen features granite counter tops, stainless steel appliances, and cherry wood cabinets. The bathroom is updated with European tiles. The first floor is set up as a 2 bedroom unit and full bathroom. Parking in the area is a premium and there is a private driveway and built in garage. The mechanicals in the house are updated and there is a gas boiler. Amazing transportation via mass transit (D and Q) Kings Highway station is a few short blocks; wonderful shopping, and restaurants in the area. This gem of a property will not last!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1935
  • Stories: 2
  • Living Area: 1,872 SqFt

Listing Office:

  • Office Name: Bergen Basin Realty LLC

Interior Features

Interior Information:

  • Appliances: Refrigerator, Stove
  • Basement: No
  • Flooring Type: Hardwood
  • Fireplace: Stove

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached Garage, Private Drive

Utilities

Utilities Information:

  • Heating: Steam, Natural Gas
  • Cooling: Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $849,000
  • Price Per SqFt: $454/SqFt

Tax Information:

  • Annual Amount: $7,258
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

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Brooklyn, NY

City

Med. Sold Price

$957.3K

Med. Price/SqFt

$683

Avg. Days On Market

97

# of Sold Homes

370

1572 E 16th St vs Brooklyn

61 DAYS ON ROCKET

-36 Days

$849,000

-$108.3K Less

$454/SqFt

-$230 Less

KEY TAKEAWAY

This property is $108.3K less than the Median Sold Price and $230/SqFt less than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #480120

Listing Office:

  • Office Name: Bergen Basin Realty LLC

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2024 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/29/2024, 3:25:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$7,258$53,280
2019$7,257$53,280
2018$6,256$30,688
2017$6,054$30,688

History based on county public records data.

Payment Calculator

$4,305

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,612

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3185976
7
/10

  • PS 197-The Kings Highway Academy

  • 1599 E 22nd St

  • 0.35 miles

  • Public District Grades PK-5

school-card-donut-3185977
8
/10

  • PS 199 Frederick Wachtel

  • 1100 Elm Ave

  • 0.46 miles

  • Public District Grades PK-5

school-card-donut-3185978
4
/10

  • PS 153 Homecrest

  • 1970 Homecrest Ave

  • 0.70 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,667. Residents of Brooklyn, NY typically earn less than $35k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›Brooklyn›11230›1572 E 16th St

This home is located at 1572 E 16th St in Brooklyn, NY and zip code 11230 in the Southern Brooklyn neighborhood. This 1,872 square foot home was built in 1935. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 27, 2024 and is currently priced at $849,000.

In March 2024 more than 39 listings in Brooklyn, NY were sold above the asking price. During the same period more than 179 listings were sold at asking price, while more than 151 were sold below. The inventory of homes for sale in Brooklyn, NY between February 2024 and March 2024 increased by 0.8%. The median list price of listings available in March 2024 was $957,365, while the average time on the real estate market was 97 days.

From Rocket Homes Real Estate and based on county public records data.

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