15 days on rocket

318 E 16th St, New York City, NY, 11226

$2,495,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths, 3 Partial
3,000 SqFt
$832/SqFt
Multi
Schools Nearby

Location

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318 E 16th St, New York$2,495,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarage
Year Built1920
HeatingCentral, Natural Gas
CoolingCentral Air
BasementYes
MLS #COMP-1566900782755536737
StatusActive

About 318 E 16th St

Rarely available in the vibrant neighborhood of Ditmas Park, this completely renovated double duplex two-family Victorian home on East 16th Street is a rare gem. Ideally located just steps away from Cortelyou Road, this turnkey property has been meticulously designed to maximize comfort and income generating. The lower duplex has a coveted open plan with a spacious living room that seamlessly flows into the dining area and chef's dream kitchen. Beautifully appointed with painted wood cabinetry, Caeserstone countertops, and an oversized waterfall island with an integrated sink and bar, this kitchen is perfect for casual dining. The luxe appliance suite includes a 5-burner LG stove, dishwasher, and refrigerator, complemented by a bonus butler's pantry with ample storage and a Costway wine refrigerator. For outdoor enjoyment, the kitchen leads to a deck and a sprawling backyard and a brand new garage. The lower duplex also features a full bath and one bedroom with a half bath ensuite. The versatile finished basement offers additional living space, complete with a half bath and front-loading LG washer & dryer, ideal for a rec room, gym, or storage. Ascending to the upper unit, you will find another lovely open plan with two bedrooms, one with a half bath ensuite, and a full bath. The upper unit's kitchen mirrors the lower duplex's finishes and appliances, and has a huge deck overlooking the tree-lined street. The top floor is a magnificent, bright, open space that could be a great family room, office, or bedroom. The gut renovation of this exceptional property includes ALL NEW roof, plumbing, electric, tankless hot water heaters, wood flooring, windows, split system heating and cooling, insulation, video intercom system, appliances and more! Just steps from the vibrant shopping and dining scene of Cortelyou Road and the Q train to Manhattan. Don't miss the opportunity to make this beautifully renovated Victorian home your own. Schedule a viewing today and experience the best of Brooklyn living!

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 3,000 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (212) 913-9058
  • Listing Agent: Laura Rozos
  • Agent Phone: (917) 701-7340

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Cooktop, Gas Oven, Refrigerator, Range Hood, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior: Breakfast Bar, Crown Molding, Entrance Foyer, Eat-in Kitchen, High Ceilings, Kitchen Island, Pantry, Recessed Lighting, Soaking Tub

Bedroom and Bathroom Information:

  • Partial Bathrooms: 3
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Balcony, Private Entrance, Private Yard

Parking Information:

  • Attached Garage: No
  • Parking: Garage

Lot Features

Lot Information:

  • Lot: Front Yard

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,495,000
  • Price Per SqFt: $832/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$849.1K

Med. Price/SqFt

$639

Avg. Days On Market

96

# of Sold Homes

1674

318 E 16th St vs New York

15 DAYS ON ROCKET

-81 Days

$2,495,000

+$1.6M More

$832/SqFt

+$192 More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price and $192/SqFt more than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #COMP-1566900782755536737

Listing Office:

  • Office Name: Compass
  • Office Phone: (212) 913-9058
  • Listing Agent: Laura Rozos
  • Agent Phone: (917) 701-7340

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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: 5/18/2024, 6:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,547

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-3071872
7
/10

  • PS 139 Alexine A Fenty

  • 330 Rugby Rd

  • 0.14 miles

  • Public District Grades PK-5

school-card-donut-3071873
8
/10

  • PS 245

  • 249 E 17th St

  • 0.15 miles

  • Public District Grades PK-5

school-card-donut-3071874
8
/10

  • PS 249 The Caton

  • 18 Marlborough Rd

  • 0.48 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 $98,649. The most common annual income of people living in New York, NY is between $100k-200k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›New York›11226›318 E 16th St

This home is located at 318 E 16th St in New York City, NY and zip code 11226 in the Ditmas Park neighborhood. This 3,000 square foot home was built in 1920. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 02, 2024 and is currently priced at $2,495,000.

New York, NY housing market in April 2024 saw over 168 listings sold above listed price, more than 758 sold at listed price and over 748 sold below. Between March 2024 and April 2024, New York, NY real estate market has seen increase in the number of listings by 3.8%. The median list price of listings available in April 2024 was $849,191, while the average time on the real estate market was 96 days.

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

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