NOT LISTED FOR SALE

116 Patchen Ave Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,028,304 - $1,758,000

4 Beds
3 Baths
1,944 Sq Ft
$751/Sq Ft Est. Value

Sale Details

Date Sold: November 3, 2023

Last sale price $1,100,000 $566 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $8,187 / mo

Highlights

  • Wood Flooring
  • Garden
  • Laundry Facilities
  • Fenced Yard
  • Baseboard Heating

About This Home

As of November 2023

This 3 story, two-family townhouse, converted from a single family, is located one block from the coveted Bedford Stuyvesant Heights Historic District and features 4 bedrooms and 3 full baths plus a basement. The garden level has a charming living room, dining area and kitchen with access to the yard. The second floor has 2 extra large bedrooms and a full bath. The 3rd floor apartment is bright and sunny with a living room, large bedroom, kitchen, second bedroom/office/studio and full bath. Roof is less than 2 years old and taxes are very low. This turn of the century home has endless possibilities. Maintain it as an income producing property or transform it back to a spectacular single family home. Conveniently located to transportation and shopping.

Last Agent to Sell the Property

Maria 'Melinda' Micciola

RE/MAX Elite License #10401350345 Listed on: 02/10/2023

RE/MAX Elite

Last Buyer's Agent

Joseph Madaio

RE/MAX Elite License #062805535354853

RE/MAX Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,872

Year Built

  • Built in 1899

Lot Details

  • 1,440 Sq Ft Lot
  • Lot Dimensions are 80 x 18
  • Fenced Yard
  • Garden
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1,944 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Cellar
  • Stove
  • Dryer

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Community Details

  • 2 Units
  • Laundry Facilities
  • 2 Vacant Units

Listing and Financial Details

  • Tax Block 1642

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,872

Year Built

Built in 1899

Lot Details

1,440 Sq Ft Lot

Listing Details

  • Basement Amenities: Cellar, Unfinished
  • Total Bathrooms: 3.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Baths Total Level3: 1.00
  • Borough: Brooklyn
  • Building Length: 36.00
  • Building Width: 18.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Madison St
  • Cross Street Name2: Monroe St
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard
  • Negotiate Thru: Broker
  • Number Of Available Units: 2
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Dryer, Laundry Area, Patio Garden, Refrigerator, Stove
  • Rooms Total Level3: 4
  • Fill Sq Ft Total: 1944
  • Building Stories: 3
  • Street Name I D X: Patchen
  • Building Style: Other
  • Waterfront Present: No
  • Year Built: 1899
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Carpeting, Hardwood, Tile
  • Lot Sq Ft: 1440

Exterior Features

  • Yard: Back, Fenced - Full
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 44
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 18
  • Zoning: B3

Tax Info

  • Flip Tax Amount: 2872.00

Multi Family

  • Unit Count: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2024
Sold by
Bought by
Current Estimated Value
$1,460,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,500
Outstanding Balance
$164,194
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,296,632

Purchase Details

Listed on
Feb 10, 2023
Closed on
Nov 3, 2023
Sold by
Bought by
Seller's Agent
Maria 'Melinda' Micciola
RE/MAX Elite
Buyer's Agent
Joseph Madaio
RE/MAX Elite
List Price
$1,399,000
Sold Price
$1,100,000
Premium/Discount to List
-$299,000
-21.37%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.39%
Original Mortgage
$1,130,000
Interest Rate
7.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 20, 1998
Sold by
Bought by

Purchase Details

Closed on
Apr 8, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,888
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 1997
Sold by
Bought by

Purchase Details

Closed on
Sep 1, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,950
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,730,000 --
$1,730,000 --
$1,730,000 --
$1,100,000 --
$1,100,000 --
$1,100,000 --
-- --
-- --
-- Uslife Title Insurance Compa
-- Uslife Title Insurance Compa
$176,000 Commonwealth Land Title Ins
$176,000 Commonwealth Land Title Ins
$57,500 Metropolitan Title Guaranty
$57,500 Metropolitan Title Guaranty
$61,000 --
$61,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $167,500
Closed $167,500
Previous Owner $1,130,000
Previous Owner $173,888
Previous Owner $57,950
Closed $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/03/2023 11/03/23 Sold $1,100,000 -21.4% $566 / Sq Ft
02/10/2023 02/10/23 Pending -- -- --
02/10/2023 02/10/23 For Sale $1,399,000 -- $720 / Sq Ft
Source: Brooklyn Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,289 $98,160 $15,900 $82,260
2025 $3,108 $98,280 $15,900 $82,380
2024 $3,108 $93,960 $15,900 $78,060
2023 $2,822 $115,320 $15,900 $99,420
2022 $2,595 $96,600 $15,900 $80,700
2021 $2,576 $94,680 $15,900 $78,780
2020 $1,279 $88,680 $15,900 $72,780
2019 $2,405 $76,260 $15,900 $60,360
2018 $2,301 $12,746 $3,046 $9,700
2017 $2,153 $12,031 $4,535 $7,496
2016 $1,964 $11,373 $5,785 $5,588
2015 $1,149 $11,370 $8,660 $2,710
2014 $1,149 $10,747 $6,959 $3,788
Source: Public Records

Agents Affiliated with this Home

  • Joseph Madaio

    Buyer's Agent in 2023

    Joseph Madaio

    RE/MAX

    (347) 392-7487

    1 in this area

    40 Total Sales

    Joseph Madaio
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 471792

Brooklyn Board of REALTORS®

APN: 01642-0044

New York Kings County Brooklyn 11221 Bed-Stuy

116 Patchen Ave, Brooklyn, NY

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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