$3,199,000
SOLD APR 25, 2022
6 Beds
6 Baths
3,930 Sq Ft
2,004 Sq Ft Lot

Recently Sold

$814 Per Sq Ft

26 Days on Market

About This Home

As of April 2022

Rarely does such a special home come to market in prime Bedford Stuyvesant. 387 Madison Street will WoW you the second you step into the expansive parlor level with soaring ceilings, filled with ornate original details and stylish touches that have been thoughtfully placed throughout the home. A showstopper from the moment you enter, 387 Madison Street is a supreme example of what happens when love, attention and care is poured into renovations, upgrades, and comfort.



This 20' wide 4-story + cellar 2-unit Brownstone has a total of 6 bedrooms, 4 full bathrooms and 2 half bathrooms, and 4 separate outdoor spaces. An owner's triplex over an income-producing garden level apartment, encompassing almost 4,000 square feet of living space.



Enter the upper triplex on the parlor level through the double door vestibule that has 2 sets of original townhouse doors. Offering an entry foyer with space for coats, shoes and umbrellas as well as providing extra insulation, you'll wonder why every house isn't designed this way! The sweeping parlor level boasts 11'3" ceilings, classy lighting, a spectacular decorative fireplace with ornate hand carved details. The extra large living room flows seamlessly into the dining room through pocket doors that's placed next to the kitchen



The superb open kitchen has a Bertazzoni appliance package, including a dishwasher and wine fridge. If you're a cook, you will fall in love with the extra counter space, upper and lower cabinets, many drawers, and stylish chandelier. Step out onto the back deck through the double glass door, with a staircase that leads to the garden.



The second floor offers 3 spacious bedrooms and two full bathrooms, a washer & dryer, plus a terrace and a linen closet! The mini-master located on the back of the home has an en suite bathroom and a super sunny North facing terrace, with enough space for two lounge chairs and a bistro table. A very large bedroom is located on the front of the home, with plenty of room for a Queen sized bed plus a lounge area and other furniture. A third bedroom on this floor can easily be used as a bedroom or home office! There is another full sized bathroom with deep soaking tub on this level.



Spanning the entire top floor: the Primary Suite. Offering peace and tranquility overlooking the treetops, with sunset views each evening. This spacious bedroom can fit a King sized bed, plus a large sitting area, extra furniture and a home office! A large walk-in dressing area has double closets. The spa-like bathroom has a walk-in shower and a deep soaking tub.



Continue up to your very own roof top with unfettered Manhattan views.



On the garden level of the home, you'll find a two bedroom apartment with shared backyard access. The cellar can be assigned to the garden level to boost your rental income or kept for the owner to use as extra storage. There is a powder room on this level.



Perfectly located in the most desirable and convenient section of Bed Stuy, on a lovely tree-lined and quiet block just minutes from everything the neighborhood has to offer. Express trains to Manhattan are nearby, street parking is easy, and Citibikes are plentiful. Every neighborhood hot spot that Bed Stuy has to offer including Saragina, Lunatico, Namastuy Yoga, Eugene and Co, Bed-Vyne and Nagel's Bagels (just to name a few), are within walking distance of 387 Madison street.

Last Agent to Sell the Property

Daniel Cohen

Corcoran Group License #10401261296 Listed on: 12/14/2021

Corcoran Group

Co-Listed By

Edward Ugrinsky

Corcoran Group License #10401283710

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,875

Home Design

Interior Spaces

  • 3,930 Sq Ft Home
  • 3-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 6 Bedrooms

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,875

Lot Details

0

Listing Details

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

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 3930.0
  • Living Area Units: Square Feet
  • Rooms (Total): 16

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Bathrooms Integer: 5
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Building Info

  • Units: 3
  • Total Stories: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2021
Closed on
Apr 22, 2022
Sold by
Madison Partners Ny Llc
Bought by
387 Madison Bk Llc
Seller's Agent
Daniel Cohen
Corcoran Group
List Price
$3,199,000
Sold Price
$3,199,000
Current Estimated Value
$2,788,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$410,083
Avg. Annual Appreciation
-4.35%
Original Mortgage
$2,399,250
Outstanding Balance
$2,265,070
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$484,926

Purchase Details

Listed on
Sep 21, 2020
Closed on
Apr 9, 2021
Sold by
Camille Bellamy and Estate Of Phyllis Fisher
Bought by
Madison Partners Ny Llc
Seller's Agent
Keith Frazier
Compass
List Price
$1,250,000
Sold Price
$1,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
146.84%
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 Type Sale Price Title Company
Deed $3,199,000 --
Deed $1,250,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,399,250 Purchase Money Mortgage
Previous Owner $938,250 No Value Available
Previous Owner $544,185 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2022 07/24/22 Off Market $3,199,000 -- --
04/25/2022 04/25/22 Sold $3,199,000 0.0% $814 / Sq Ft
01/25/2022 01/25/22 For Sale $3,199,000 +155.9% $814 / Sq Ft
04/09/2021 04/09/21 Sold $1,250,000 0.0% $396 / Sq Ft
01/11/2021 01/11/21 Pending -- -- --
03/19/2015 03/19/15 For Sale $1,250,000 -- $396 / 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 $12,875 $118,020 $16,380 $101,640
2024 $12,875 $138,840 $16,380 $122,460
2023 $12,973 $152,880 $16,380 $136,500
2022 $5,576 $161,880 $16,380 $145,500
2021 $5,551 $150,480 $16,380 $134,100
2020 $3,888 $126,900 $16,380 $110,520
2019 $3,866 $126,900 $16,380 $110,520
2018 $4,014 $24,693 $3,885 $20,808
2017 $4,323 $23,296 $3,792 $19,504
2016 $3,971 $21,979 $4,766 $17,213
2015 $2,183 $20,736 $6,462 $14,274
2014 $2,183 $20,736 $7,753 $12,983
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10767232

Real Estate Board of New York (REBNY)

APN: 01820-0063