NOT LISTED FOR SALE

1168 Madison St Brooklyn, NY 11221

Bushwick Neighborhood

Estimated Value: $1,130,493 - $1,647,000

5 Beds
2.5 Baths
2,850 Sq Ft
$469/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $1,100,000 $386 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $7,605/month

31 Days on Market

About This Home

As of December 2020

two family priced just right for the live/work investor, the three bedroom apartment can make your house payment, three of a duplex, beautiful back yard, and front courtyard, gated parking, this won't last.

Last Agent to Sell the Property

Carol Castle

Keller Williams Realty Greater Brokerage Phone: 347-846-1200 License #10401224890 Listed on: 08/25/2020

Keller Williams Realty Greater

Co-Listed By

David Castle

Keller Williams Realty Greater Brokerage Phone: 347-846-1200 License #10401344722

Last Buyer's Agent

Carol Castle

Keller Williams Realty Greater Brokerage Phone: 347-846-1200 License #10401224890 Listed on: 08/25/2020

Keller Williams Realty Greater

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,622

Year Built

  • Built in 1990 | Remodeled in 2018

Lot Details

  • 1,910 Sq Ft Lot
  • Lot Dimensions are 19.1x100
  • Two or More Common Walls

Parking

  • Private Parking

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,622

Year Built

Built in 1990 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Year Built: 1990
  • New Construction: No
  • Year Built Effective: 2018
  • Attribution Contact: 347-846-1200
  • Co List Office Mls Id: ONEKLRW01
  • Co List Office Phone: 347-846-1200
  • Village: Brooklyn
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • NumberOfKitchens: 2

Exterior Features

  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Private

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 19.1x100
  • Lot Size Sq Ft: 1910
  • Lot Size Units: Acres
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2020-09-14

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 6622

MLS Schools

  • Middle School District: Brooklyn 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2020
Closed on
Dec 7, 2020
Sold by
Krystal Realty Llc
Bought by
Patel Hiren
Seller's Agent
Carol Castle
Keller Williams Realty Greater
Buyer's Agent
Carol Castle
Keller Williams Realty Greater
List Price
$1,129,000
Sold Price
$1,100,000
Premium/Discount to List
-$29,000
-2.57%
Current Estimated Value
$1,335,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,373
Avg. Annual Appreciation
3.89%
Original Mortgage
$825,000
Outstanding Balance
$735,806
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$599,567

Purchase Details

Closed on
Jul 3, 2018
Sold by
Mclaren Mavis
Bought by
Krystal Realty 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
Patel Hiren $1,100,000 --
Krystal Realty Llc $675,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Hiren $825,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2020 12/07/20 Sold $1,100,000 -2.6% $386 / Sq Ft
10/08/2020 10/08/20 Pending -- -- --
09/06/2020 09/06/20 For Sale $1,129,000 -- $396 / Sq Ft
Source: OneKey® MLS

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 $7,476 $66,840 $12,480 $54,360
2024 $7,476 $64,200 $12,480 $51,720
2023 $7,284 $71,640 $12,480 $59,160
2022 $6,755 $61,380 $12,480 $48,900
2021 $7,122 $57,300 $12,480 $44,820
2020 $3,292 $76,860 $12,480 $64,380
2019 $6,196 $76,860 $12,480 $64,380
2018 $5,795 $29,890 $7,025 $22,865
2017 $5,449 $28,200 $6,059 $22,141
2016 $5,328 $28,200 $8,181 $20,019
2015 $2,989 $27,399 $8,927 $18,472
2014 $2,989 $25,850 $8,700 $17,150
Source: Public Records

Agents Affiliated with this Home

  • Carol Castle

    Seller's Agent in 2020

    Carol Castle

    Keller Williams Realty Greater

    (646) 639-4155

    2 in this area

    13 Total Sales

    Carol Castle
    Section Image
  • David Castle

    Seller Co-Listing Agent in 2020

    David Castle

    Keller Williams Realty Greater

    (516) 873-7100

    2 in this area

    16 Total Sales

    David Castle
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3246191

OneKey® MLS

APN: 03369-0118

New York Kings County Brooklyn 11221 Bushwick

1168 Madison St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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