NOT LISTED FOR SALE

251 Madison St Brooklyn, NY 11216

Bed-Stuy Neighborhood

Estimated Value: $1,321,000 - $2,114,000

7 Beds
4 Baths
3,000 Sq Ft
$552/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $1,400,000 $467 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $9,112/month

Highlights

  • Brownstone
  • Heating System Uses Steam
  • 2-minute walk to Hattie Carthan Playground
  • Wood Flooring
  • Back and Front Yard

About This Home

As of March 2023

New to the market! A landmark Brownstone is in the prime location of Bedford Stuyvesant. This multi-unit Townhouse can allow you to live in a duplex while having two rental incomes. There is some original detail in the owner's unit while the rentals were updated approximately 5 years ago. Make this beauty your next home. It's being sold AS-IS with Tenants. Minutes to trains A, C & G on Nostrand Ave. (minutes to Manhattan), the Barclay's Center, Prospect Park, and a fabulous array of Brooklyn's finest cafes, restaurants, and shopping. This will not last!!

Last Agent to Sell the Property

Pamela Bostmincey

RE/MAX Real Estate Professionals License #10301204250 Listed on: 12/05/2022

RE/MAX Real Estate Professionals

Last Buyer's Agent

Pamela Bostmincey

RE/MAX Real Estate Professionals License #10301204250 Listed on: 12/05/2022

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,738

Year Built

  • Built in 1910

Lot Details

  • 1,875 Sq Ft Lot
  • Lot Dimensions are 100 x 18
  • Back and Front Yard

Parking

  • On-Street Parking

Home Design

  • Brownstone
  • Flat Roof Shape
  • Block Foundation
  • Masonry

Interior Spaces

  • 3,000 Sq Ft Home
  • 4-Story Property
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

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

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Block 1818

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,738

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Total Bathrooms: 4.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Baths Total Level3: 1.00
  • Baths Total Level4: 1.00
  • Beds Total Level4: 3
  • Borough: Brooklyn
  • Building Length: 40.00
  • Building Width: 19.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Nostrand Ave
  • Cross Street Name2: Marcy Ave
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Rooms Total Level3: 4
  • Rooms Total Level4: 5
  • Fill Sq Ft Total: 3000
  • Building Stories: 4
  • Street Name I D X: Madison
  • Building Style: Other
  • Waterfront Present: No
  • Year Built: 1910
  • Special Features: None
  • Stories: 4

Interior Features

  • Basement Full Bathrooms: 4
  • Total Bedrooms: 7
  • Flooring: Carpeting, Hardwood, Laminate
  • Lot Sq Ft: 1875

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Masonry
  • Exterior: Brownstone
  • Foundation Details: Block
  • Lot Number: 68
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: Other
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 18
  • Zoning: R6B

Rental Info

  • Rent Income: 44000

Tax Info

  • Flip Tax Amount: 1738.00

Multi Family

  • Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2022
Closed on
Mar 3, 2023
Sold by
Canteen Ora and Chism Ora
Bought by
Noble Nasir
Seller's Agent
Pamela Bostmincey
RE/MAX Real Estate Professionals
Buyer's Agent
Pamela Bostmincey
RE/MAX Real Estate Professionals
List Price
$1,700,000
Sold Price
$1,400,000
Premium/Discount to List
-$300,000
-17.65%
Current Estimated Value
$1,655,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,909
Avg. Annual Appreciation
6.13%
Original Mortgage
$618,000
Outstanding Balance
$597,196
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,058,713

Purchase Details

Closed on
Apr 21, 2000
Sold by
Chism Wallace
Bought by
Chism Wallace and Canteen Ora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,750
Interest Rate
8.1%

Purchase Details

Closed on
Jan 7, 1997
Sold by
Chism Wallace
Bought by
Chism Wallace
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
Noble Nasir $1,400,000 --
Noble Nasir $1,400,000 --
Noble Nasir $1,400,000 --
Chism Wallace -- --
Chism Wallace -- --
Chism Wallace -- Stewart Title Insurance Co
Chism Wallace -- Stewart Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Noble Nasir $618,000
Closed Noble Nasir $618,000
Previous Owner Chism Wallace $233,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2023 03/03/23 Sold $1,400,000 -17.6% $467 / Sq Ft
12/05/2022 12/05/22 For Sale $1,700,000 -- $567 / Sq Ft
12/04/2022 12/04/22 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 $5,237 $117,660 $14,640 $103,020
2024 $5,237 $92,940 $14,640 $78,300
2023 $4,996 $102,420 $14,640 $87,780
2022 $1,738 $99,120 $14,640 $84,480
2021 $1,755 $102,480 $14,640 $87,840
2020 $1,290 $89,340 $14,640 $74,700
2019 $1,614 $97,500 $14,640 $82,860
2018 $1,431 $20,502 $2,658 $17,844
2017 $1,394 $20,012 $3,580 $16,432
2016 $1,290 $19,117 $4,618 $14,499
2015 $700 $19,108 $5,186 $13,922
2014 $700 $18,109 $5,901 $12,208
Source: Public Records

Agents Affiliated with this Home

  • Pamela Bostmincey

    Seller's Agent in 2023

    Pamela Bostmincey

    RE/MAX

    (917) 741-5230

    3 in this area

    15 Total Sales

    Pamela Bostmincey
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 469435

Brooklyn Board of REALTORS®

APN: 01818-0068

New York Kings County Brooklyn 11216 Bed-Stuy

251 Madison St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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