NOT LISTED FOR SALE

Estimated Value: $2,062,000 - $3,421,000

5 Beds
6.5 Baths
3,200 Sq Ft
$863/Sq Ft Est. Value

Last Sold May 16, 2023

Last sale price $3,250,000 $1,016 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $15,701/month

42 Days on Market

Highlights

  • Newly Remodeled
  • Skylights
  • Central Air
  • 2 Fireplaces
  • Tankless Water Heater
  • 2-minute walk to Hattie Carthan Playground

About This Home

As of May 2023

Introducing 273 Madison Street, a stunning 2-family landmark authentic brownstone property located in the heart of Brooklyn, NY. The JK Equites team has masterfully reimagined and elevated this guaranteed highest quality trophy property to the highest code compliant standards, featuring top design and smart home technology. The finishes and materials used in this property exceed those found in homes in the $6 million range. This elegant and expansive 20 feet by 56 feet long, 5-levels home boasts original architectural details, including a master artist restored brownstone facade, brand new highest insulation rating historic appropriate wood windows as well as the main door and soaring high ceilings. The property also offers intricate moldings, ornate stone fireplaces, LED lighting, 5 zones of new HVAC system with smart thermostat, skylights on the top floor and a new sprinkler system throughout. The property features 5 primary size bedrooms with ensuite bathrooms, 6 1/2 bathrooms, and a fully updated spacious kitchen with impeccable design, Cafe designer appliances, matching hardware, massive two-sided stone island, stunning light fixtures, plenty of storage and a massive terrace overlooking the garden. The large backyard is accessible from the separate family room with a wet bar and wine cooler, and is perfect for outdoor entertaining with an outdoor kitchen with grill and refrigerator. The property also includes a finished basement with a wet bar and full size fridge that can be used as a home theater and gym. This grand brownstone also includes a completely separate, spacious brand new studio with a separate entrance, ideal for rental income, guests, or a home office. Located in a prime area of Bed-Stuy, this property has easy access to local shops, restaurants, and transportation. Don't miss your chance to own a piece of Brooklyn history in this one-of-a-kind brownstone. Some of the features includes: 5 expansive owners levels Completely separate legal studio for rental, guests or office 2 Floor to Ceiling Custom Gas Fireplaces Massive kitchen stone island with waterfall special fabrication White Oak hardwood floors throwout Imported floor to ceiling slab stone in the primary bathroom Stone stand alone tub in the primary bathroom Designer LED lighting Grand white oat custom staircase Solid Core Custom Doors Surround Sound in primary bedroom, main living area, family room, theater and gym Custom built walk in closet Custom Kitchen Cabinetry with LiIFETIME finish Warranty LEDS Smart DECO switches with smart control Nest smart doorbell Ring security system throughout with monitoring and contact and motion sensors Smart locks Ring camera Smart Thermostats Custom terrace tiles Commercial outdoor bbq grill/kitchen Home theater Gym 2 Wet bars Cafe Designer appliance package that exceeds price and performance of Miele and Bosh Kohler fixture and much, much more.

Last Agent to Sell the Property

Juan Londono

Oxford Property Group USA License #10401289712 Listed on: 01/27/2023

Oxford Property Group USA

Last Buyer's Agent

Juan Londono

Oxford Property Group USA License #10401289712 Listed on: 01/27/2023

Oxford Property Group USA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,107

Year Built

  • Built in 1910 | Newly Remodeled

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100
  • Two or More Common Walls

Parking

  • No Garage

Interior Spaces

  • Skylights
  • 2 Fireplaces
  • ENERGY STAR Qualified Windows
  • ENERGY STAR Qualified Doors
  • Insulated Doors
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Smart Thermostat

Kitchen

  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Schools

  • Academy Of Arts And Letters Middle School
  • Acorn Community High School

Utilities

  • Central Air
  • Heating Available
  • Tankless Water Heater

Listing and Financial Details

  • Legal Lot and Block 54 / 1818
  • Assessor Parcel Number 01818-0054

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,107

Year Built

Built in 1910 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Year Built: 1910
  • New Construction: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Stove, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Water Heater, Tankless Water Heater
  • Interior Amenities: Smart Thermostat
  • Living Area Units: Square Feet
  • Fireplaces: 2
  • Door Features: ENERGY STAR Qualified Doors, Insulated Doors
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Basement: Finished, Full
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Window Features: Skylight(s), ENERGY STAR Qualified Windows
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Other
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: No Garage

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Electric, See Remarks, ENERGY STAR Qualified Equipment
  • Sewer: Public Sewer
  • Water Source: Public
  • NumberOfHeatingZones: 5

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Academy Of Arts And Letters

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Dimensions: 20x100
  • Lot Size Sq Ft: 2000
  • Lot Size Units: Acres
  • Parcel Number: 01818-0054
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 5107.12
  • Tax Block: 1818
  • Tax Lot: 54
  • Tax Map Number: 01818-0054

MLS Schools

  • High School: Acorn Community High School
  • Middle School District: Brooklyn 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2023
Closed on
May 16, 2023
Sold by
Jgk Equities Llc
Bought by
Moore Marissa and Spencer Shayne
Seller's Agent
Juan Londono
Oxford Property Group USA
Buyer's Agent
Juan Londono
Oxford Property Group USA
List Price
$3,555,000
Sold Price
$3,250,000
Premium/Discount to List
-$305,000
-8.58%
Views
42
Current Estimated Value
$2,761,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$488,423
Avg. Annual Appreciation
-6.89%

Purchase Details

Closed on
Dec 3, 2019
Sold by
Abramson Esq As Referee Joel
Bought by
Jgk Equities Llc

Purchase Details

Closed on
Sep 29, 2015
Sold by
Chibs Enterprises Inc and Sheriff Of The City Of New York
Bought by
Global Consulting Usa Inc

Purchase Details

Closed on
Oct 25, 2007
Sold by
Okonkwo Edna
Bought by
Chibs Enterprises Inc

Purchase Details

Closed on
Nov 22, 2006
Sold by
Chibs Enterprises Inc
Bought by
Okonkwo Edna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.4%

Purchase Details

Closed on
Nov 13, 2006
Sold by
Michael Henderson and Michael Patrice Marie
Bought by
Chibs Enterprise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.4%
Source: Public Records

Range of Values:

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Average Value
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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
Moore Marissa $3,250,000 --
Moore Marissa $3,250,000 --
Jgk Equities Llc $948,700 --
Jgk Equities Llc $948,700 --
Global Consulting Usa Inc $820,000 --
Global Consulting Usa Inc $820,000 --
Chibs Enterprises Inc -- --
Chibs Enterprises Inc -- --
Okonkwo Edna $900,000 --
Okonkwo Edna $900,000 --
Chibs Enterprise $515,000 --
Chibs Enterprise $515,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Okonkwo Edna $720,000
Previous Owner Chibs Enterprise $720,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2023 05/16/23 Sold $3,250,000 -4.0% $1,016 / Sq Ft
03/10/2023 03/10/23 Pending -- -- --
02/14/2023 02/14/23 Price Changed $3,385,000 -4.8% $1,058 / Sq Ft
01/27/2023 01/27/23 For Sale $3,555,000 -- $1,111 / Sq Ft
Source: OneKey® MLS

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 $7,843 $139,080 $15,060 $124,020
2024 $7,843 $117,240 $15,060 $102,180
2023 $5,239 $109,200 $15,060 $94,140
2022 $5,020 $103,560 $15,060 $88,500
2021 $4,999 $105,540 $15,060 $90,480
2020 $4,995 $96,060 $15,060 $81,000
2019 $4,766 $106,200 $15,060 $91,140
2018 $4,382 $21,496 $2,819 $18,677
2017 $4,272 $20,956 $3,610 $17,346
2016 $3,957 $19,795 $4,381 $15,414
2015 $2,384 $19,780 $4,921 $14,859
2014 $2,384 $18,987 $5,669 $13,318
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3454970

OneKey® MLS

APN: 01818-0054