NOT LISTED FOR SALE

Estimated Value: $2,796,000 - $5,594,000

7 Beds
6 Baths
4,959 Sq Ft
$846/Sq Ft Est. Value

Last Sold August 06, 2018

Last sale price $2,190,000 $442 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $22,802/month

233 Days on Market

About This Home

As of August 2018

111 Madison Street is a modern 5 story, 3 Family Town House boasting over 3,700 square feet of space and a substantial rental income of approximately $132,000 per year. This inviting investment is conveniently located near the Clinton Hill boarder between Franklin Avenue and Bedford Avenues in close proximity to C & A express trains at Nostrand Avenue & Franklin Avenue stations as well as the Franklin Avenue Shuttle. Before ever stepping foot inside this staple investment, future owners and occupants will be welcomed by a vibrant community characterized by an endless array of restaurants, bars, cafs, creative venues and bustling nightlife in Bedford Stuyvesant and neighboring Crown Heights & Clinton Hill and Crown Heights. Enter into a sweeping garden apartment duplex indicative of 111 Madisons aesthetic and upside, featuring recessed lighting, cherry hardwood floors, and large exposures throughout. This convertible 3 bed/2bath duplex features an airy open concept living room leading into a renovated pass through kitchen. Unit 1 features 2 open lean en suite bedrooms leading out to a spacious garden area and concludes with a separate laundry room, a spacious recreational room (convertible bedroom) and bathroom on the lower level. The second floor apartment also offers a convertible 3-bedroom layout. While the unit opens with a spacious and sunny open concept living room leading through a modern pass through kitchen, it concludes with an office/den and 2 king-sized bedrooms overlooking the garden in the rear. 111 Madisons top floor apartment is another sweeping duplex featuring 3 spacious bedrooms and roof deck, including one lofted ceiling bedroom, suitable as a secluded master suite with immediate outdoor access.

Last Agent to Sell the Property

MARK MARTOV

Corcoran Group License #10401264653 Listed on: 11/15/2017

Corcoran Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Community Details

  • 3 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 1988

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Bedford Avenue/Franklin Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Special Features: None
  • Property Sub Type: MultiFamily

Beds/Baths

  • Bathrooms Integer: 6
  • Bedrooms: 7

Building Info

  • Units: 3
  • Year Built: 2006

Tax Info

  • Tax Block: 1988

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2017
Closed on
Aug 6, 2018
Sold by
111 Madison Development Llc
Bought by
Huston Elizabeth A and Weissman Eli
Seller's Agent
MARK MARTOV
Corcoran Group
List Price
$2,225,000
Sold Price
$2,190,000
Premium/Discount to List
-$35,000
-1.57%
Current Estimated Value
$4,195,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,005,000
Avg. Annual Appreciation
9.00%
Original Mortgage
$1,100,000
Outstanding Balance
$951,316
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,243,684

Purchase Details

Closed on
Jun 13, 2014
Sold by
Set Properties Corp
Bought by
111 Madison Development Llc

Purchase Details

Closed on
Oct 7, 2013
Sold by
Salami Raifou
Bought by
Set Properties Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,840
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2013
Sold by
Salami Raifou and Tarshish Avraham
Bought by
Salami Raifou

Purchase Details

Closed on
Dec 5, 2012
Sold by
Salami Raifou
Bought by
Salami Raifou and Tarshish Avraham

Purchase Details

Closed on
Dec 5, 2006
Sold by
109 Rogers Holding Inc and Happy Home Equities I Llc
Bought by
Salami Raifou

Purchase Details

Closed on
Jan 10, 2006
Sold by
Phillips Thelma Z and Phillips Carlson
Bought by
109 Rogers Holding Inc and Happy Home Equities I Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Huston Elizabeth A $2,190,000 --
Huston Elizabeth A $2,190,000 --
Huston Elizabeth A $2,190,000 --
Huston Elizabeth A $2,190,000 --
111 Madison Development Llc -- --
111 Madison Development Llc -- --
111 Madison Development Llc -- --
111 Madison Development Llc -- --
Set Properties Corp $320,840 --
Set Properties Corp $320,840 --
Set Properties Corp $320,840 --
Set Properties Corp $320,840 --
Salami Raifou -- --
Salami Raifou -- --
Salami Raifou -- --
Salami Raifou -- --
Salami Raifou -- --
Salami Raifou -- --
Salami Raifou -- --
Salami Raifou -- --
Salami Raifou $850,000 --
Salami Raifou $850,000 --
Salami Raifou $850,000 --
Salami Raifou $850,000 --
109 Rogers Holding Inc $240,000 --
109 Rogers Holding Inc $240,000 --
109 Rogers Holding Inc $240,000 --
109 Rogers Holding Inc $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huston Elizabeth A $1,100,000
Closed Huston Elizabeth A $1,100,000
Previous Owner Set Properties Corp $320,840
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2018 08/06/18 Sold $2,190,000 -1.6% $442 / Sq Ft
07/07/2018 07/07/18 Pending -- -- --
11/15/2017 11/15/17 For Sale $2,225,000 -- $449 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $12,214 $334,080 $23,820 $310,260
2024 $12,214 $287,160 $23,820 $263,340
2023 $11,651 $253,800 $23,820 $229,980
2022 $11,453 $207,720 $23,820 $183,900
2021 $11,473 $160,380 $23,820 $136,560
2020 $5,620 $192,900 $23,820 $169,080
2019 $10,601 $153,360 $23,820 $129,540
2018 $9,746 $47,808 $7,712 $40,096
2017 $9,746 $47,808 $12,166 $35,642
2016 $9,082 $45,432 $14,135 $31,297
2015 $5,479 $44,763 $20,649 $24,114
2014 $5,479 $42,230 $23,367 $18,863
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10058643

Real Estate Board of New York (REBNY)

APN: 01988-0042

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