NOT LISTED FOR SALE

1626 Madison Place Brooklyn, NY 11229

Marine Park Neighborhood

Estimated Value: $961,353 - $1,344,000

4 Beds
3 Baths
1,616 Sq Ft
$728/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $925,000 $572 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $7,092/month

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • Heating System Uses Steam
  • PS 222 Katherine R Snyder Rated A
  • Cooling Available
  • Private Driveway

About This Home

As of July 2021

We are pleased to introduce this lovely detached brick home on one of the prettiest blocks in Marine Park. The home is currently a legal two family and is set up as a spacious two bedroom over the same unit and a full finished basement. An ideal investment property or to live and earn on this tree lined block. This home has a great deal of warmth and positive energy as soon as you step through the doors. It is a very long home as it is 46 feet in depth; and has a long private driveway; detached garage and additional yard space for entertaining. Please keep in this mind it would also be an amazing one family home with some creativity and vision. Home will be delivered vacant.

Last Agent to Sell the Property

Lee Wasserman

Bergen Basin Realty LLC Listed on: 10/12/2020

Last Buyer's Agent

Lee Wasserman

Bergen Basin Realty LLC Listed on: 10/12/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,078

Year Built

  • Built in 1930

Lot Details

  • 2,800 Sq Ft Lot
  • Lot Dimensions are 100 x 28
  • Back and Front Yard

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Pitched Roof

Interior Spaces

  • 1,616 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 3 Car Detached Garage
  • Private Driveway

Utilities

  • Cooling Available
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 7701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,078

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Beds Total Level1: 2
  • Beds Total Level2: 2
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 782
  • Building Length: 46.00
  • Building Width: 17.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Quentin Road
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 3 Spaces, Detached Garage
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 1616
  • Building Stories: 2
  • Street Name I D X: Madison
  • Street Number I D X: 1626
  • Building Style: Ranch
  • Waterfront Present: No
  • Year Built: 1930
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Hardwood
  • Lot Sq Ft: 2800

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 52
  • Roof: Pitched

Utilities

  • Air Conditioning Units: 1
  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 28
  • Zoning: R3-2

Rental Info

  • Rent Income: 19800

Tax Info

  • Flip Tax Amount: 8078.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2020
Closed on
Jul 2, 2021
Sold by
Diane Fontana As Trustee
Bought by
Izkiyayev Jonathan and Izkiyayeva Liza
Seller's Agent
Lee Wasserman
Bergen Basin Realty LLC
Buyer's Agent
Lee Wasserman
Bergen Basin Realty LLC
Sold Price
$925,000
Current Estimated Value
$1,176,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,338
Avg. Annual Appreciation
4.11%
Original Mortgage
$716,250
Outstanding Balance
$651,293
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$444,589

Purchase Details

Closed on
Sep 30, 2020
Sold by
Welter Robert
Bought by
Ciminelli John

Purchase Details

Closed on
Dec 10, 2010
Sold by
Ciminelli John P
Bought by
As Co-Trustees Of The John P Ciminelli and Irr Asset Mgmt Trust
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Izkiyayev Jonathan $955,000 --
Ciminelli John $175,000 --
As Co-Trustees Of The John P Ciminelli -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Izkiyayev Jonathan $249,000
Open Izkiyayev Jonathan $716,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $925,000 -- $572 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $9,883 $61,920 $15,660 $46,260
2024 $9,883 $58,800 $15,660 $43,140
2023 $9,427 $64,920 $15,660 $49,260
2022 $8,742 $59,340 $15,660 $43,680
2021 $8,206 $65,100 $15,660 $49,440
2020 $3,188 $54,420 $15,660 $38,760
2019 $7,573 $49,260 $15,660 $33,600
2018 $6,907 $38,683 $11,421 $27,262
2017 $6,852 $36,494 $13,340 $23,154
2016 $6,712 $36,494 $12,889 $23,605
2015 $3,810 $35,803 $12,787 $23,016
2014 $3,810 $34,170 $13,519 $20,651
Source: Public Records

Agents Affiliated with this Home

  • Lee Wasserman

    Seller's Agent in 2021

    Lee Wasserman

    Bergen Basin Realty LLC

    (516) 652-3533

    21 in this area

    104 Total Sales

    Lee Wasserman
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 444473

Brooklyn Board of REALTORS®

APN: 07701-0052

New York Kings County Brooklyn 11229 Marine Park

1626 Madison Place, Brooklyn, NY

This home is located at 1626 Madison Place, Brooklyn, NY 11229 since 12 October 2020 and is currently estimated at $1,176,338, approximately $727 per square foot. This property was built in 1930. 1626 Madison Place is a home located in Kings County with nearby schools including PS 222 Katherine R Snyder, J.H.S. 278 Marine Park, and James Madison High School.

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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