NOT LISTED FOR SALE

Estimated Value: $1,824,621 - $1,959,000

5 Beds
4 Baths
2,160 Sq Ft
$881/Sq Ft Est. Value

Last Sold June 15, 2015

Last sale price $1,225,000 $567 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $10,958/month

81 Days on Market

About This Home

As of June 2015

This is a gorgeously renovated 20 ft wide townhouse, located on a nice tree-lined block in the bustling neighborhood of Bedford Stuyvesant. The new mechanicals and immaculate finishes make this home both inviting and a solid investment. This home offers central AC and heat, new plumbing and electrical, oversized windows, hardwood flooring, a stunning newly restored brownstone facade and more. The upper duplex features 3 bedrooms, and 3 full baths, a grand and open parlor floor with stunning kitchen and top of the line appliances, and direct access to the rear yard. The garden rental has 2 bedrooms and one full bath on the garden level, plus a downstairs recreation room. Make this rental unit a duplex with high rental income potential. Enjoy the many recently opened local eateries including Brunswick and Mannys, plus cafes, markets and other amenities all close by.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,502

Year Built

  • Built in 1901

Lot Details

  • 1,612

Interior Spaces

  • 2,160 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Community Details

  • 2 Units
  • Bed Stuy Subdivision

Listing and Financial Details

  • Tax Block 1641

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,502

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Cross Street: Madison street
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: BED-STUY
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Living Area: 2160.0
  • Living Area Units: Square Feet
  • Rooms (Total): 12

Beds/Baths

  • Bathrooms Integer: 4
  • Bedrooms: 5

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1901

Tax Info

  • Tax Block: 1641

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2015
Closed on
Jun 10, 2015
Sold by
Meyerson Capital Vii Llc
Bought by
Fry Naomi and Meromi Ohad
List Price
$1,250,000
Sold Price
$1,225,000
Premium/Discount to List
-$25,000
-2%
Current Estimated Value
$1,902,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$677,405
Avg. Annual Appreciation
3.85%
Original Mortgage
$735,000
Outstanding Balance
$575,713
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,221,764

Purchase Details

Closed on
Jul 18, 2014
Sold by
Smith Max A
Bought by
Meyerson Capital Vii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,999
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2002
Sold by
Smith Max A and Patterson Germaine
Bought by
Smith Max A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 1999
Sold by
Port Realty Group Llc
Bought by
Smith Max A and Patterson Germaine M

Purchase Details

Closed on
Nov 30, 1998
Sold by
Ocwen Federal Bank Fsb and Berkeley Federal Bank & Trust Fsb
Bought by
Port Realty Group Llc

Purchase Details

Closed on
Oct 19, 1998
Sold by
Barbaro Esq Stephen V
Bought by
Ocwen Federal Bank Fsb

Purchase Details

Closed on
Dec 15, 1995
Sold by
The Fans Of New York Court Inc
Bought by
Smalley Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.68%
Mortgage Type
Balloon
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
Fry Naomi $1,225,000 --
Meyerson Capital Vii Llc $580,000 --
Smith Max A -- --
Smith Max A -- --
Port Realty Group Llc $61,600 Titleguard
Ocwen Federal Bank Fsb $1,000 Titleguard
Smalley Joseph $140,000 --
The Fans Of New York Count Inc $66,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fry Naomi $16,376
Open Fry Naomi $735,000
Previous Owner Meyerson Capital Vii Llc $499,999
Previous Owner Smith Max A $185,944
Previous Owner Smith Claudia E $71,700
Previous Owner Smith Max A $184,000
Previous Owner The Fans Of New York Count Inc $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2015 06/15/15 Sold $1,225,000 -2.0% $567 / Sq Ft
05/16/2015 05/16/15 Pending -- -- --
02/24/2015 02/24/15 For Sale $1,250,000 -- $579 / 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 $6,502 $121,920 $17,040 $104,880
2024 $6,502 $104,760 $17,040 $87,720
2023 $6,538 $102,720 $17,040 $85,680
2022 $6,255 $91,620 $17,040 $74,580
2021 $6,240 $89,760 $17,040 $72,720
2020 $2,927 $91,500 $17,040 $74,460
2019 $5,643 $82,380 $17,040 $65,340
2018 $5,468 $26,826 $8,036 $18,790
2017 $5,323 $26,111 $7,117 $18,994
2016 $5,089 $25,454 $7,229 $18,225
2015 $1,794 $14,688 $8,359 $6,329
2014 $1,794 $13,857 $9,460 $4,397
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10061038

Real Estate Board of New York (REBNY)

APN: 01641-0003