16 Melrose Street

16 Melrose Street is a condo located in Bushwick, Brooklyn. The building was first built in 2019 and is 5 years old. It was first renovated and altered in 2018. The lot that the building was built on is 28 feet wide and 87 feet long. The official lot area is listed as 2,360 square feet. The building itself is 27 feet wide and 50 feet long. In total, 16 Melrose Street has a total floor area of 5,055 square feet. Of that, 5,055 square feet are used for residential purposes. There are a total of 6 units. Of those, 6 are residential units. There are no commercial units in this building. 16 Melrose Street has a total of 4 floors.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! On weekends, residents can enjoy the building's deck. Residents who own pets will be happy to hear that the building is pet-friendly. There are 6 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 89 days The transaction that took the longest to complete was unit 4R, listed on Feb 15, 2023 for $599,000. This particular unit ultimately sold 89 days later for $609,932. The most recent transaction was for unit 4R, which was first advertised on Feb 15, 2023, sold for $609,932 on May 15, 2023. Fun fact, the oldest transaction we have on record took place on Dec 20, 2018. See the full transaction history for 16 Melrose Street below.

Bushwick, where 16 Melrose Street is located, has a median asking price of $1,100,000 for condo buildings. Meanwhile, the building itself has a median asking price of $609,932. For interested buyers, that means the building's median asking price is around 0.45% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $525,000. It is a 1-bedroom and 1-bathroom unit.