NOT LISTED FOR SALE

388 Madison St Unit 1 Brooklyn, NY 11221

Bed-Stuy Neighborhood
2 Beds
1 Bath
-- Sq Ft
1899 Built

About This Home

As of April 2023

Available for 3/15 move in maybe sooner. You have to come see this brand-new custom renovated two-bedroom apartment. This apartment is in a super well maintained brownstone building on a wonderful tree lined street in the heart of Bedford-Stuyvesant. Nestled just off the C line at Throop or the A/C at Nostrand and steps away from the infamous Tompkins Ave where there are tons of restaurants and shops. 388 Madison St unit 1 is a beautiful and bright garden level flat. The ceilings are high and the space is open. There is a chef kitchen with all appliances. Lots of storage. Plus there is washer and dryer in this unit. There is a bonus room and you have shared access to the backyard. Email today to view.

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $7,007

Year Built

  • Built in 1899

Home Design

  • Pre War Building
  • Entry on the 1st floor

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

  • 2 Units

Listing and Financial Details

  • Property Available on 3/1/23
  • Tax Block 01825

Property Details

Home Type

Co-Op

Est. Annual Taxes

$7,007

Year Built

Built in 1899

Lot Details

0

Rental Info

  • Available Date: 2023-03-01

Listing Details

  • Cross Street: TOMPKINS AVENUE and THROOP AVENUE
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Architectural Style: Prewar
  • Entry Level: 1
  • Special Features: None
  • Property Sub Type: Coop
  • Stories: 2

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 2

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Interest: Stock Cooperative

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 2
  • Year Built: 1899

Tax Info

  • Tax Block: 01825

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2020
Sold by
Ekema Emma
Bought by
Derby Daniel V and Ekema Emma

Purchase Details

Closed on
Dec 12, 2017
Sold by
Shearin Richard and Walker Samarity
Bought by
Ekema Emma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$881,934
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2008
Sold by
Jewish Association For Services For The and As The Guardian
Bought by
Shearin Richard and Walker Samarity

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2008
Sold by
Balan Elsie and Sorkin Neuphemia
Bought by
Sorkin Neuphemia

Purchase Details

Closed on
Nov 7, 2000
Sold by
Brown Gerald E and Downie Yousef S
Bought by
Balan Elsie and Sorkin Neuphemia
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
Derby Daniel V -- --
Ekema Emma $1,400,000 --
Shearin Richard $490,000 --
Shearin Richard $490,000 --
Sorkin Neuphemia -- --
Sorkin Neuphemia -- --
Balan Elsie -- --
Balan Elsie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ekema Emma $1,050,000
Previous Owner Shearin Richard $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2023 07/06/23 Off Market $3,100 -- --
04/05/2023 04/05/23 Rented $3,100 -3.1% --
03/23/2023 03/23/23 Price Changed $3,200 -5.9% --
03/13/2023 03/13/23 Price Changed $3,400 -5.6% --
03/01/2023 03/01/23 For Rent $3,600 -- --
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 $7,007 $95,700 $15,840 $79,860
2024 $7,007 $99,180 $15,840 $83,340
2023 $5,765 $89,460 $15,840 $73,620
2022 $4,434 $85,320 $15,840 $69,480
2021 $4,410 $74,100 $15,840 $58,260
2020 $2,192 $89,880 $15,840 $74,040
2019 $4,347 $82,560 $15,840 $66,720
2018 $3,999 $19,615 $3,579 $16,036
2017 $3,474 $18,511 $4,340 $14,171
2016 $3,181 $17,464 $5,528 $11,936
2015 $1,886 $17,464 $6,217 $11,247
2014 $1,886 $17,317 $7,397 $9,920
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10839530

Real Estate Board of New York (REBNY)

APN: 01825-0023

New York Kings County Brooklyn 11221 Bed-Stuy

388 Madison St Unit 1, Brooklyn, NY

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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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