NOT LISTED FOR SALE

Estimated Value: $1,903,000 - $2,654,000

5 Beds
5.5 Baths
4,343 Sq Ft
$536/Sq Ft Est. Value

Last Sold April 03, 2023

Last sale price $2,940,000 $677 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $13,149/month

267 Days on Market

About This Home

As of April 2023

Deal Fell Through, Now Available at New Price!
Welcome to 416 Madison Street; a bespoke 20' wide, four-story, two-family brownstone smart-home nestled on a quintessential tree-lined street in the heart of bustling Bedford-Stuyvesant. No stone was left unturned during an extensive gut renovation with stunning attention to detail, custom finishes and a thoughtfully designed layout that provides convenient flow throughout your home.

Craftsmanship, design and quality come to life as soon as you enter your 4 bedroom, 3.5 bathroom triplex through custom double-doors and into your grand parlor floor. Be welcomed by an open, but distinct living, dining and kitchen areas spanning across nearly 52' of length, perfect for entertaining. Detailed with 5' white oak plank flooring, soaring 11' ceilings and an abundance of natural light, the parlor level conveys a lofty and warm home environment. Past your cozy living room space, the south facing windowed chef's kitchen overlooks your dreamy garden and becomes the epicenter of your home, equipped with a full Bertazzoni appliance package, including convection oven, wine fridge, 5 burner range, vented hood, pantry and center island, detailed with a veiny white Quartz countertop and backsplash to compliment chic soft-close inset cabinetry. At the rear of the floor is a spacious formal dining area with an oversized window bringing in sunshine & lush garden views, along with seamless garden access through sliding doors & your very own deck. A coat closet, powder room & entry foyer complete the parlor floor.

Elegant staircase with a custom crafted wooden banister leads you to your primary bedroom suite, which encompasses the entire third level of your home and features a spacious south-facing bedroom with a zen-like deck overlooking your garden oasis. Walk through a massively outfitted California closet and into your primary bathroom drenched in elegant marble detail, featuring double sinks/vanity, deep soaking eggshell tub, double shower bodies along with niche details making for a spa-type experience. An en-suite guest bedroom and two other adjacent bedrooms are located on the sky lit top floor, providing extra comfort whether you need an extra home office, nursery or playroom. Laundry was thoughtfully provided on the top level for seamless access to all bedrooms and bathrooms. The garden level is a spacious, well-appointed full floor 1 bedroom, 2 bathroom residence perfectly suited for those looking to have a guest apartment, earn rental income or have a completely separated home office/work studio. A fully finished basement has already been internally combined to either be included for the main owner's use or provided with the garden to add to your monthly rental income. Additional features include a smart home system with Bluetooth speakers, security cameras, central heating/cooling, Pella windows, brand new plumbing, electrical/gas, alarm system & laundry for each residence.

416 Madison Street is an exceptionally reimagined townhouse that raises the limits of expectations in booming Bedford-Stuyvesant. Conveniently located between highly coveted Tompkins & Throop Avenue, the home is centrally located from neighborhood amenities and just moments away from Clinton Hill, Fort Greene, Crown Heights, Bushwick & Downtown Brooklyn. Enjoy local hotspots such as Peaches, Bed-Vyne, Saraghina, Brooklyn Beso, Nana Ramen & Mama Fox to name a few just steps away! The A & C trains are nearby for seamless access around Brooklyn & into Manhattan.

Contact us today for a private tour!

Last Agent to Sell the Property

Daniel Kandinov

Corcoran Group License #10401279436 Listed on: 05/11/2022

Corcoran Group

Co-Listed By

Natalia Kaminskaya

Corcoran Group License #10401297888

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,849

Lot Details

  • 2,004

Home Design

Interior Spaces

  • 4,343 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

  • 2 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 01825

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,849

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: 4

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 4343.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Bathrooms Integer: 6
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 4

Tax Info

  • Tax Block: 01825

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2022
Closed on
Apr 3, 2023
Sold by
416 Madison Equities Llc
Bought by
Udin Andrew and Udin Shira
Seller's Agent
Daniel Kandinov
Corcoran Group
List Price
$3,145,000
Sold Price
$2,940,000
Premium/Discount to List
-$205,000
-6.52%
Views
20
Current Estimated Value
$2,327,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$612,085
Avg. Annual Appreciation
-8.59%
Original Mortgage
$2,352,000
Outstanding Balance
$2,283,377
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$44,538

Purchase Details

Closed on
Sep 9, 2020
Sold by
Moke Peace 11 Corp
Bought by
416 Madsion Equities Llc

Purchase Details

Closed on
Jul 22, 2015
Sold by
Danzy Angela and Robinson David
Bought by
Moke Peace 11 Corp

Purchase Details

Closed on
Oct 23, 2008
Sold by
Brown Robert
Bought by
Danzy Angela and Robinson David

Purchase Details

Closed on
Oct 31, 2006
Sold by
Leak Reginald Clayton
Bought by
Michael David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
6.33%
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
Udin Andrew $2,940,000 --
416 Madsion Equities Llc $1,175,000 --
Moke Peace 11 Corp $40,000 --
Danzy Angela $810,000 --
Danzy Angela $810,000 --
Brown Robert $580,000 --
Michael David $795,000 --
Michael David $795,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Udin Andrew $2,352,000
Previous Owner Michael David $159,000
Previous Owner Michael David $636,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2023 04/03/23 Sold $2,940,000 -1.8% $677 / Sq Ft
02/03/2023 02/03/23 Pending -- -- --
01/05/2023 01/05/23 Price Changed $2,995,000 -4.8% $690 / Sq Ft
10/26/2022 10/26/22 For Sale $3,145,000 0.0% $724 / Sq Ft
10/26/2022 10/26/22 Off Market $3,145,000 -- --
09/12/2022 09/12/22 Price Changed $3,145,000 0.0% $724 / Sq Ft
09/12/2022 09/12/22 For Sale $3,145,000 +7.0% $724 / Sq Ft
08/23/2022 08/23/22 Off Market $2,940,000 -- --
05/11/2022 05/11/22 For Sale $3,280,000 -- $755 / 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 $10,849 $169,560 $16,380 $153,180
2024 $10,849 $133,920 $16,380 $117,540
2023 $10,686 $142,260 $16,380 $125,880
2022 $5,603 $112,560 $16,380 $96,180
2021 $5,907 $104,640 $16,380 $88,260
2020 $4,583 $99,720 $16,380 $83,340
2019 $4,372 $89,580 $16,380 $73,200
2018 $4,023 $19,735 $3,859 $15,876
2017 $3,798 $18,630 $5,142 $13,488
2016 $3,724 $18,630 $4,369 $14,261
2015 $1,900 $18,460 $5,161 $13,299
2014 $1,900 $17,418 $5,846 $11,572
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10838542

Real Estate Board of New York (REBNY)

APN: 01825-0037