NOT LISTED FOR SALE

279 Madison St Brooklyn, NY 11216

Bed-Stuy Neighborhood

Estimated Value: $2,141,000 - $2,421,000

-- Bed
-- Bath
4,400 Sq Ft
$522/Sq Ft Est. Value

Last Sold July 20, 2022

Last sale price $2,110,000 $480 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $13,027/month

19 Days on Market

About This Home

As of July 2022

OPEN HOUSE CANCELLED !!!!!!!!!!!!!



Unusually-large, Bay-fronted beauty!

279 Madison Street is a magnificent three (3) unit brownstone with 4,400 square feet of finished space plus a private yard.



Featuring 1,100 SF on EACH floor, this 20 x 55 home delivers living spaces which are almost 40% larger than an average 20 x 40 brownstone. Perfect for working from home. The top floor has windows on 3 sides and skylights. A roof deck here would be an amazing addition, with direct views of one of New York City's architectural master-pieces.



Valuable up grades included: fully finished rec room with wet-bar and full-bathroom, French drains (zero leaks in the basement from even the worst storms), new hot water tank, common laundry, and new white elastomeric roof covering.



Delivered vacant, each floor is sunny with high ceilings and large windows. This building only needs your finishing touches to operate as either a high-income rental, or live for free in one unit while renting the remaining two.



Located on Madison Street across from the famous Boys and Girls High School, you will enjoy the gorgeous view without any noise - school enters and exits on the opposite side. Madison Street is steps from the A/C at Nostrand.

Last Agent to Sell the Property

Melissa Bemis

The Agency Brokerage License #10301220835 Listed on: 04/05/2022

The Agency Brokerage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,010

Lot Details

  • 2,004

Home Design

Interior Spaces

  • 4,400 Sq Ft Home
  • 3-Story Property
  • Washer Dryer Allowed

Community Details

  • 3 Units
  • Bedford Stuyvesant Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,010

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford-Stuyvesant
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 4400.0
  • Living Area Units: Square Feet

Garage/Parking

  • Garage: No

Building Info

  • Units: 3
  • Total Stories: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2022
Closed on
Jul 20, 2022
Sold by
Trachy Paul and Trachy Seth
Bought by
Perel Esther and Perel Saul
Seller's Agent
Melissa Bemis
The Agency Brokerage
List Price
$1,895,000
Sold Price
$2,110,000
Premium/Discount to List
$215,000
11.35%
Views
1
Current Estimated Value
$2,298,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,844
Avg. Annual Appreciation
2.80%
Original Mortgage
$1,477,000
Outstanding Balance
$1,417,198
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$881,646

Purchase Details

Closed on
Jun 5, 2013
Sold by
Woods Eboni-Starr
Bought by
Trachy Paul and Trachy Seth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,000
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2007
Sold by
Blatt David and Blatt Karen
Bought by
Woods Eboni-Starr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,500
Interest Rate
6.72%

Purchase Details

Closed on
Apr 11, 2003
Sold by
Gmp Homes Inc
Bought by
Blatt David and Blatt Karen

Purchase Details

Closed on
Mar 13, 2002
Sold by
Williams Lavorise Hr
Bought by
Gmp Homes Inc

Purchase Details

Closed on
Sep 28, 1995
Sold by
Carr Elizabeth Guess
Bought by
Walker Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.6%
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
Perel Esther $2,110,000 --
Trachy Paul $883,000 --
Trachy Paul $883,000 --
Woods Eboni-Starr $837,400 --
Woods Eboni-Starr $837,400 --
Blatt David $525,000 --
Blatt David $525,000 --
Gmp Homes Inc -- --
Gmp Homes Inc -- --
Walker Joyce -- Commonwealth Land Title Ins
Walker Joyce -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perel Esther $1,477,000
Previous Owner Trachy Paul $667,000
Previous Owner Woods Eboni-Starr $167,500
Previous Owner Woods Eboni-Starr $628,000
Previous Owner Walker Joyce $125,000
Closed Blatt David $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2022 07/20/22 Sold $2,110,000 -3.0% $480 / Sq Ft
04/26/2022 04/26/22 Price Changed $2,175,000 +14.8% $494 / Sq Ft
04/06/2022 04/06/22 For Sale $1,895,000 -- $431 / 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 $6,010 $167,700 $16,380 $151,320
2024 $6,010 $132,480 $16,380 $116,100
2023 $5,733 $153,360 $16,380 $136,980
2022 $4,055 $168,060 $16,380 $151,680
2021 $5,474 $138,540 $16,380 $122,160
2020 $5,503 $131,760 $16,380 $115,380
2019 $5,216 $124,260 $16,380 $107,880
Source: Public Records

Agents Affiliated with this Home

  • Melissa Bemis

    Seller's Agent in 2022

    Melissa Bemis

    The Agency Brokerage

    (908) 812-6831

    8 in this area

    19 Total Sales

    Melissa Bemis
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10788781

Real Estate Board of New York (REBNY)

APN: 01818-0051

New York Kings County Brooklyn 11216 Bed-Stuy

279 Madison St, Brooklyn, NY

This home is located at 279 Madison St, Brooklyn, NY 11216 since 05 April 2022 and is currently estimated at $2,298,844, approximately $522 per square foot. 279 Madison St is a home located in Kings County with nearby schools including P.S. 305 Dr. Peter Ray, Brooklyn East Collegiate Charter School, and Brooklyn Academy 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.

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.

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