1485 East 16th Street

1485 East 16th Street is a Co-op located in Manhattan Terrace, Brooklyn. The building was first built in 1938 and is 86 years old. The lot that the building was built on is 150 feet wide and 81 feet long. The official lot area is listed as 12,150 square feet. The building itself is 140 feet wide and 81 feet long. In total, 1485 East 16th Street has a total floor area of 56,892 square feet. Of that, 56,892 square feet are used for residential purposes. There are a total of 54 units. Of those, 54 are residential units. 1485 East 16th Street has a total of 6 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 20 closings on record, of which we have matching data for 3 listings. In the past 3 years, a listing in this building will typically remain on the market for about 151 days and tend to sell below the original asking price of $349,900 by 12.22%. Meaning, listings tend to sell at a median of $341 price per square foot. The transaction that took the longest to complete was unit 4D, listed on May 27, 2021 for $365,000. This particular unit ultimately sold 354 days later for $299,000. The most recent transaction was for unit 3G, which was first advertised on Apr 21, 2023, sold for $280,000 on Sep 20, 2023. Fun fact, the oldest transaction we have on record took place on May 18, 1976. See the full transaction history for 1485 East 16th Street below.

Manhattan Terrace, where 1485 East 16th Street is located, has a median asking price of $410,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $349,900. For interested buyers, that means the building's median asking price is around 0.15% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.