387 Madison St Brooklyn, NY 11221
Bed-Stuy Neighborhood
8
Beds
3.5
Baths
3,160
Sq Ft
2,004
Sq Ft Lot
About This Home
As of April 2022BACK ON THE MARKET / DELIVERED VACANT / REDUCED PRICE!
Hey Home Buyer who love those "Fix-It Yourself" cable shows, here's an opportunity to buy a Brownstone and make your own "Before & After" home video!
We have an ALL CASH "AS IS" four-story, three family, 20' wide Brownstone that boasts a 6 room, 1 1/2 bath owner's lower duplex and two 5 room rentals (top floor is recessed) on a prime Bedford Stuyvesant block.
There is a total of 16 rooms with 6 bedrooms that can easily be converted to 8.
As you physically layout your perfect place to call home you are also putting your personal energy into the entire structure.
The joy of hands-on home ownership will attract just the right people to share space with you. They will happily pay market rent to do so.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,875
Year Built
- Built in 1910
Lot Details
- Lot Dimensions are 20.0 x 100.0
Home Design
- Pre War Building
Interior Spaces
- 3,160 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
Community Details
- Bedford Stuyvesant Subdivision
Listing and Financial Details
- Legal Lot and Block 63 / 1820
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$493,120
Avg. Annual Appreciation
-5.35%
Original Mortgage
$2,399,250
Outstanding Balance
$2,268,756
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$401,890
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%
Similar Homes in Brooklyn, NY
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
-
Seller's Agent in 2022
Daniel Cohen
Corcoran Group
(862) 823-2674
93 in this area
222 Total Sales
-
Seller Co-Listing Agent in 2022
Edward Ugrinsky
Corcoran Group
(718) 210-4053
55 in this area
115 Total Sales
-
Seller's Agent in 2021
Keith Frazier
Compass
(917) 753-4315
1 in this area
7 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10025545
APN: 01820-0063
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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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