NOT LISTED FOR SALE

2040 Madison Ave New York, NY 10035

East Harlem Neighborhood

Estimated Value: $1,771,000 - $2,259,000

6 Beds
4 Baths
3,240 Sq Ft
$626/Sq Ft Est. Value

Last Sold September 04, 2015

Last sale price $1,525,000 $471 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $10,996/month

14 Days on Market

About This Home

As of September 2015

IN CONTRACT:

This is asolidly structured,4 story, 16.5 foot wide, brick townhouse in a row of prime Central Harlem townhouses. Very close to the Whole Foods development on 125th St. and Metro North Station undergoing Harlem's biggest redevelopment in decades, this beautiful and convenient section of Central Harlem is rapidly gentrifying and extremely convenient. Its convenience, beauty and upside potential makes this house an excellent opportunity for both investors and end-users. The Owner has all required DOB approvals in place for a Legal-2 Family with over 3200 sf of livable space, plus a small back yard.There is additional FAR of ~ 900+ sq ft to add an additional floor or penthouse.

The house needs a total interior cosmetic renovation to live in (this is not a shell). Renovate and restore into a 2-family home and offset your living expenses with a rental unit. Other options available.

-OR-

For Investors, maximize the FAR, and renovate into a luxury 2-Family Townhouse rental property or 2 Condos to sell.

Please send all requests for info to

Last Agent to Sell the Property

Robert Pair

Harlem Lofts Inc License #31PA1003506 Listed on: 08/20/2015

Co-Listed By

Janita Mercado

Harlem Lofts Inc License #10401299881

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,398

Lot Details

  • Property is in average condition

Home Design

  • 3,240 Sq Ft Home
  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Community Details

  • Upper M Subdivision

Listing and Financial Details

  • Tax Block 1754

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,398

Lot Details

0

Listing Details

  • Property SubType: Single Family Townhouse
  • Property Type: Residential
  • Neighborhood: Upper M
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Living Area: 3240.0
  • Living Area Units: Square Feet
  • Floor Number: 1

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms: 6

Exterior Features

  • Property Condition: Fair

Tax Info

  • Tax Block: 1754
  • Building Tax Lot: 116

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2025
Sold by
Clark Whitsett Esq As Referee
Bought by
Green Mountain Holdings Ltd
Current Estimated Value
$2,028,667

Purchase Details

Closed on
Mar 30, 2017
Sold by
Elliott Jennifer and Hollar Kenneth
Bought by
2040 Madison Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.1%
Mortgage Type
Unknown

Purchase Details

Listed on
Aug 20, 2015
Closed on
Sep 4, 2015
Sold by
Ecozone Inc
Bought by
Elliott Jennifer and Hollar Kenneth
Seller's Agent
Robert Pair
Harlem Lofts Inc
List Price
$1,525,000
Sold Price
$1,525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.88%
Original Mortgage
$950,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2012
Sold by
Bankunited and Bankunited Fsb
Bought by
Ecozone Inc

Purchase Details

Closed on
Aug 4, 2010
Sold by
Menkes Esq Sheryl R
Bought by
Bankunited

Purchase Details

Closed on
Sep 2, 2004
Sold by
Cray Kenny and Cray Lucille
Bought by
Cray Kenny and Cray Lucille

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,882
Interest Rate
6.02%

Purchase Details

Closed on
Feb 11, 2004
Sold by
Cray Kenny
Bought by
Cray Kenny and Cray Lucille

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.65%

Purchase Details

Closed on
Sep 14, 2000
Sold by
Cray Lucille
Bought by
Cray Kenny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
11.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Green Mountain Holdings Ltd $2,604,204 --
2040 Madison Llc $1,550,000 --
2040 Madison Llc $1,550,000 --
Elliott Jennifer $1,525,000 --
Elliott Jennifer $1,525,000 --
Ecozone Inc $489,255 --
Ecozone Inc $489,255 --
Bankunited $847,644 --
Bankunited $847,644 --
Cray Kenny -- --
Cray Kenny -- --
Cray Kenny -- --
Cray Kenny -- --
Cray Kenny -- Trump Title Ins Agency Ltd
Cray Kenny -- Trump Title Ins Agency Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 2040 Madison Llc $510,000
Previous Owner 2040 Madison Llc $125,000
Previous Owner 2040 Madison Llc $250,000
Previous Owner 2040 Madison Llc $600,000
Previous Owner Elliott Jennifer $950,000
Previous Owner Cray Kenny $264,501
Previous Owner Cray Kenny $220,882
Previous Owner Cray Kenny $360,000
Previous Owner Cray Kenny $185,500
Closed Cray Kenny $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2015 09/04/15 Sold $1,525,000 0.0% $471 / Sq Ft
08/20/2015 08/20/15 For Sale $1,525,000 -- $471 / 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 $3,398 $17,933 $4,192 $13,741
2024 $3,398 $16,920 $30,840 $12,476
2023 $3,436 $16,920 $4,442 $12,478
2022 $3,352 $114,120 $33,000 $81,120
2021 $3,334 $114,180 $33,000 $81,180
2020 $3,163 $123,180 $33,000 $90,180
2019 $2,950 $120,240 $33,000 $87,240
2018 $2,874 $14,100 $4,436 $9,664
2017 $2,852 $13,992 $5,381 $8,611
2016 $2,639 $13,200 $6,085 $7,115
2015 $1,592 $12,453 $7,504 $4,949
2014 $1,592 $11,750 $6,018 $5,732
Source: Public Records

Agents Affiliated with this Home

  • Robert Pair

    Seller's Agent in 2015

    Robert Pair

    Harlem Lofts Inc

    (917) 791-6986

    1 in this area

    4 Total Sales

    Robert Pair
    Section Image

  • J

    Seller Co-Listing Agent in 2015

    Janita Mercado

    Harlem Lofts Inc

See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10095960

Real Estate Board of New York (REBNY)

APN: 1754-0116

New York New York County New York 10035 East Harlem

2040 Madison Ave, New York, NY

This home is located at 2040 Madison Ave, New York, NY 10035 since 20 August 2015 and is currently estimated at $2,028,667, approximately $626 per square foot. 2040 Madison Ave is a home located in New York County with nearby schools including P.S. 133 Fred R Moore, Urban Assembly Academy for Future Leaders, and Harlem Children's Zone Promise Academy II Middle School Charter 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.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

RLS Data display by Homes.com LLC

Nearby Homes