NOT LISTED FOR SALE

Estimated Value: $2,469,000 - $2,724,000

-- Bed
-- Bath
3,200 Sq Ft
$827/Sq Ft Est. Value

Last Sold January 03, 2020

Last sale price $2,175,000 $680 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $14,906/month

215 Days on Market

Highlights

  • Pre War Building
  • 3-minute walk to Kingston-Throop Avenues
  • 3-minute walk to Potomac Playground

About This Home

As of January 2020

Bedazzling, beguiling, with the best preserved mantles in Bed Stuy! As you enter the parlor floor of this brownstone beauty, you are transported into yesteryear. This two unit gem at 118 MacDonough Street is an integral part of this 19th Century landmarked block full of brownstones. As seen in BROWNSTONER! and in the YouTube video attached to this page-this resplendent home is a must see! With all of the preserved original details, it's a wonder that the interior of this house is not landmarked. This Neo-Grec beauty features seven unique fireplaces; original pocket doors & pocket shutters, restored parquet floors and high ceilings. Intricate woodwork & tile work can be found throughout the building. Plus preserved original plaster moldings and medallions!The garden floor has an expansive eat-in kitchen, bath, and mud room leading to the backyard. The front room currently used as an entertainment/music room could be a perfectly placed dining room with built in cabinetry. The south-facing garden is surrounded by raised beds and planted with annuals that are gorgeous throughout the year.The parlor floor boasts many mahogany details; a rear room currently used as a bedroom which could be adapted to whatever your heart desires. There is a full bathroom on every floor.The third floor has two large bedrooms; each large enough to be considered a master.The top floor is a rental unit with an open kitchen, living room, two bedrooms, a skylit office space and a skylit bathroom.This is a great location the A & C trains, parks and shops are nearby. The block association is vibrant, hosting block parties and this year was a semi-finalist in the "Greenest Block in Brooklyn" contest. The locals love neighborhood haunts such as Peaches, Saraghina, Chez Oscar, Eugene's, Casablanca and it is not far from the Brooklyn Childrens Museum.Welcome to this stately home in Stuyvesant Heights!

Last Agent to Sell the Property

Susanne Wolfe

Corcoran Group License #30WO0901331 Listed on: 05/02/2019

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,197

Year Built

  • Built in 1886

Lot Details

  • 2,004

Home Design

  • Pre War Building

Additional Features

  • 4-Story Property
  • Lot Dimensions are 100.0 x 20.0

Community Details

  • 2 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Legal Lot and Block 0029 / 1855

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,197

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Cross Street: Throop Avenue & Tompkins Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 100.0 x 20.0

Building Info

  • Units: 2
  • Total Stories: 4
  • Year Built: 1886

Tax Info

  • Tax Block: 1855
  • Tax Lot: 0029

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2019
Closed on
Jan 3, 2020
Sold by
Carpenter Patricia and Light Charles
Bought by
Smith and Smith Wexler
Seller's Agent
Susanne Wolfe
Corcoran Group
List Price
$2,395,000
Sold Price
$2,175,000
Premium/Discount to List
-$220,000
-9.19%
Current Estimated Value
$2,646,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$471,242
Avg. Annual Appreciation
3.52%
Original Mortgage
$931,192
Outstanding Balance
$826,260
Interest Rate
3.6%
Mortgage Type
Unknown
Estimated Equity
$1,819,982

Purchase Details

Closed on
Oct 24, 2011
Sold by
Nixon James E
Bought by
Carpenter Patricia and Light Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 1996
Sold by
Warren Lona C
Bought by
Nixon James E and Nixon Vivian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,250
Interest Rate
7.67%
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
Smith $2,175,000 --
Carpenter Patricia $840,000 --
Nixon James E $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith $931,192
Previous Owner Carpenter Patricia $615,000
Previous Owner Nixon James E $98,000
Previous Owner Nixon James E $50,000
Previous Owner Nixon James E $79,061
Previous Owner Nixon James E $225,000
Previous Owner Nixon James E $176,000
Previous Owner Nixon James E $147,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2020 01/03/20 Sold $2,175,000 -9.2% $680 / Sq Ft
12/04/2019 12/04/19 Pending -- -- --
05/02/2019 05/02/19 For Sale $2,395,000 -- $748 / 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 $6,197 $132,960 $16,500 $116,460
2024 $6,197 $111,660 $16,500 $95,160
2023 $6,266 $137,040 $16,500 $120,540
2022 $6,112 $112,980 $16,500 $96,480
2021 $6,079 $113,760 $16,500 $97,260
2020 $2,851 $97,140 $16,500 $80,640
2019 $5,379 $99,120 $16,500 $82,620
2018 $5,241 $25,712 $3,891 $21,821
2017 $5,201 $25,516 $6,091 $19,425
2016 $4,812 $24,073 $7,761 $16,312
2015 $2,684 $22,711 $6,840 $15,871
2014 $2,684 $21,427 $7,399 $14,028
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10580135

Real Estate Board of New York (REBNY)

APN: 01855-0029