NOT LISTED FOR SALE

344 Madison St Brooklyn, NY 11216

Bed-Stuy Neighborhood

Estimated Value: $1,667,643 - $1,872,000

5 Beds
3 Baths
2,400 Sq Ft
$717/Sq Ft Est. Value

Last Sold July 23, 2018

Last sale price $1,400,000 $583 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $9,209/month

Highlights

  • Brownstone
  • Fenced Yard
  • Heating System Uses Steam
  • Wood Flooring
  • Fireplace
  • 2-minute walk to Hattie Carthan Playground

About This Home

As of July 2018

This stunning Two-Family Brownstone Home has just hit the Bedford-Stuyvesant market! The property boasts 3 Stories Plus a Full Unfinished Basement. There is also a Front Yard and Large Brick Back Yard perfect for entertaining family and friends! The Ground Floor Level 1 is the Bottom Level of a Duplex Unit with an Eat-In Kitchen, Formal Living Room, Formal Dining Room, a Full Bathroom, and a Fireplace. Level Two is the Top Floor of the Duplex consisting of 3 Bedrooms, a Full Bathroom, and a Fireplace. Level 3 is the 2nd Unit and consists of an Eat-In Kitchen, Formal Living Room, 2 Bedrooms, and a Full Bathroom. New Boiler & Hot Water Tank. Conveniently located between Tompkins Avenue and Marcy Avenue, you're right near local parks, shops, restaurants, and public transportation including the A, C, and G Subway Lines, B43, B26, and B52 Bus Routes. This home is located in District 16 and is zoned P.S. 305 Elementary School and Boys & Girls High School K455. Must be seen to truly appreciate!

Last Agent to Sell the Property

Ruslan Mingazov

RE/MAX Edge License #10301217779 Listed on: 02/27/2018

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,483

Year Built

  • Built in 1915

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Fenced Yard
  • Back and Front Yard

Parking

  • On-Street Parking

Home Design

  • Brownstone
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,400 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Oil
  • 220 Volts
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 1824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,483

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Basement Amenities: Full, Unfinished
  • Total Bathrooms: 3.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Baths Total Level3: 1.00
  • Borough: Brooklyn
  • Building Length: 40.00
  • Building Width: 20.00
  • Co List Office Mls Id: 117340
  • Co List Office Phone: (718) 954-8400
  • Confirmed By M L S Y N: Yes
  • Cross Street: Tompkins Avenue
  • Cross Street Name2: Marcy Avenue
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: Other, None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Dishwasher, Fireplace, Microwave, Refrigerator, Stove
  • Rooms Total Level3: 4
  • Fill Sq Ft Total: 2400
  • Building Stories: 3
  • Street Name I D X: Madison
  • Building Style: Other
  • Year Built: 1915
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 5
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back, Front, Fenced - Full
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brownstone
  • Foundation Details: Poured Concrete
  • Lot Number: 36
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Oil
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R6B

Tax Info

  • Flip Tax Amount: 2483.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2018
Closed on
Jul 23, 2018
Sold by
Layne Anthony
Bought by
Hernandez Carlos
Seller's Agent
Ruslan Mingazov
RE/MAX Edge
Buyer's Agent
Ruslan Mingazov
RE/MAX Edge
Sold Price
$1,400,000
Current Estimated Value
$1,721,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,161
Avg. Annual Appreciation
2.78%
Original Mortgage
$1,000,000
Outstanding Balance
$861,336
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$859,825

Purchase Details

Closed on
Mar 3, 1999
Sold by
Gumbs Nydia Maureen
Bought by
Gumbs Inez A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,090
Interest Rate
7.98%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hernandez Carlos $1,400,000 --
Hernandez Carlos $1,400,000 --
Hernandez Carlos $1,400,000 --
Gumbs Inez A -- First American Title Ins Co
Layne Anthony $169,500 First American Title Ins Co
Layne Anthony $169,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Carlos $1,000,000
Closed Hernandez Carlos $1,000,000
Previous Owner Layne Anthony $183,090
Previous Owner Layne Anthony $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2018 07/23/18 Sold $1,400,000 -- $583 / Sq Ft
02/27/2018 02/27/18 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $3,266 $119,340 $16,380 $102,960
2024 $3,266 $97,500 $16,380 $81,120
2023 $3,106 $89,880 $16,380 $73,500
2022 $2,858 $73,560 $16,380 $57,180
2021 $2,841 $78,720 $16,380 $62,340
2019 $2,786 $76,680 $16,380 $60,300
2018 $2,538 $13,912 $3,684 $10,228
2017 $2,378 $13,136 $4,155 $8,981
2016 $2,173 $12,420 $5,306 $7,114
2015 $1,275 $12,415 $6,011 $6,404
2014 $1,275 $12,265 $5,051 $7,214
Source: Public Records

Agents Affiliated with this Home

  • Ruslan Mingazov

    Seller's Agent in 2018

    Ruslan Mingazov

    RE/MAX Edge

    (646) 241-8842

    1 in this area

    239 Total Sales

    Ruslan Mingazov
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 418186

Brooklyn Board of REALTORS®

APN: 01824-0036

New York Kings County Brooklyn 11216 Bed-Stuy

344 Madison St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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