NOT LISTED FOR SALE

Estimated Value: $754,000 - $1,123,000

2 Beds
1 Bath
818 Sq Ft
$364/mo HOA Fee

Last Sold December 14, 2021

Last sale price $979,000 $1,197 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,644/month

65 Days on Market

Highlights

  • New Construction
  • 5-minute walk to Franklin Avenue (A,C,S Line)
  • 4-minute walk to John Hancock Playground
  • Balcony

About This Home

As of December 2021

Welcome to 107 Madison Street, nestled quietly on a tree-lined street in one of the most favorable pockets of Bedford-Stuyvesant just a block and a half from the border of Clinton Hill. This newly constructed condo development is sure to awe and is comprised of 10 well-positioned and tastefully curated one-bedroom (1BR) and two-bedroom (2BR) simplex and duplex residences, more than half featuring private outdoor space(s).



Residence #3B is a rear-facing, quiet two-bedroom (2BR) one-bathroom (1BA) complete with a two sizable private balconies and floor-to-ceiling windows overlooking the garden.



Upon entry to #3B the kitchen can be found. A neutral color palette paired with contrasting textures and styles work harmoniously to successfully execute a contemporary design approach. Upper wooden cabinetry enveloped by off-white, glossy lower cabinetry and additional paneling provides intentional depth and a dual-toned aesthetic while a muted, horizontal grid tile runs effortlessly along the backsplash for a clean look. The kitchen comes equipped with all new stainless-steel appliances including a Bosch stove and microwave, Liebherr refrigerator, and Blomberg dishwasher.



Floor-to-ceiling windows in the living room illuminate the residence creating a blanket of light that provides a picturesque view of the backyard greenery becoming an integral facet of the home, bridging the interior space with natural elements. The sizable balcony off the living room provides a quaint opportunity to enjoy mornings outdoors with a good book, or a calming outdoor work-from-home environment.



The well-proportioned primary bedroom continues the theme of luminosity establishing a tranquil environment throughout, and provides a second private balcony, and the second bedroom is accessed directly adjacent. The bathroom is outfitted with contrasting neutral tones and contemporary in style. Dark-grey stone, heated, hexagonal tiles lay seamlessly across the floor and pair nicely with the off-white grid tiles laying vertically along the perimeter walls. The bathroom comes equipped with a deep soaking tub, glass shower partition, silver Riobel shower fixtures, custom white vanity, and Duravit toilet.



107Madison Street is located only two blocks from Clinton Hill and is home to many well-known neighborhood favorites such as but not limited to Baron's, Black Swan, Corner Grind, Golda, Calaca, Playground Coffee Shop, Greenberg's Bagels, Dynaco, Home Frite, Stonefruit, Fancy Nancy, Locanda Vini e Olii, Izzy Rose, Tarachi, Peaches, Fan-Fan Doughnuts, Blink Fitness, Swell Dive, YMCA, & Madame Poupon.



Access to the train includes the Franklin C train only approximately 4 short blocks away, and the G train at Bedford-Nostrand.



This is not an offering. The complete terms are in an offering plan available from the Sponsor (File No: CD21- 0039).

Last Agent to Sell the Property

Justin Mcmahon

Douglas Elliman Real Estate License #10401309100 Listed on: 07/14/2021

Douglas Elliman Real Estate

Co-Listed By

Jessica Peters

Douglas Elliman Real Estate License #10301209015

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,001

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 3,746

HOA Fees

  • $364 Monthly HOA Fees

Interior Spaces

  • 818 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Outdoor Features

  • Balcony

Community Details

  • 10 Units
  • Bedford Stuyvesant Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,001

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$364 per month

Listing Details

  • Cross Street: FRANKLIN AVENUE and BEDFORD AVENUE
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 818.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 364.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Units: 10
  • Total Stories: 4
  • Year Built: 2021

Tax Info

  • Tax Block: NA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Dec 14, 2021
Sold by
Madison 107 Llc
Bought by
Lau Spencer
Seller's Agent
Justin Mcmahon
Douglas Elliman Real Estate
List Price
$979,000
Sold Price
$979,000
Current Estimated Value
$1,014,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,988
Avg. Annual Appreciation
0.98%
Original Mortgage
$480,000
Outstanding Balance
$443,283
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$571,705
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lau Spencer $979,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lau Spencer $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2021 12/14/21 Sold $979,000 0.0% $1,197 / Sq Ft
11/14/2021 11/14/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $979,000 -- $1,197 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

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 $9,001 $98,765 $21,445 $77,320
2024 $9,001 $104,405 $21,445 $82,960
2023 $7,760 $91,245 $21,445 $69,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10741585

Real Estate Board of New York (REBNY)

APN: 01988-1007