NOT LISTED FOR SALE

491 Madison St Unit 2 Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $2,690,000 - $3,056,179

3 Beds
1 Bath
1,000 Sq Ft
$2,899/Sq Ft Est. Value

Highlights

  • City View
  • Furnished
  • No HOA
  • 1 Fireplace

About This Home

As of December 2024

Welcome to the third-floor residence at 491 Madison, a beautifully restored three-bedroom, one-bath apartment in a historic Bed-Stuy brownstone. This 21-foot-wide building has been lovingly renovated to preserve its historic charm while incorporating modern conveniences. From the moment you step inside, you'll notice the exquisite craftsmanship and attention to detail that make this home truly special. Original hardwood floors, exposed brick walls, and high ceilings reflect the home's storied past, while thoughtful updates ensure comfort and ease.

The open-plan kitchen and living area is the centerpiece of this stunning unit. Sunlight pours in through south-facing windows, illuminating the space and highlighting the exposed brick accents. The modern kitchen features sleek cabinetry, stainless steel appliances, and ample counter space, making it as functional as it is stylish. Whether hosting a dinner party or enjoying a quiet evening at home, this space is designed for both relaxation and entertaining.

The three bedrooms are spacious and thoughtfully laid out to maximize privacy and comfort. The primary bedroom offers a peaceful retreat, complete with a large closet and serene ambiance. The additional bedrooms are well-sized, making them perfect for family, guests, or a home office. The bathroom has been fully renovated with modern fixtures and clean, contemporary finishes, offering a spa-like atmosphere. To add convenience, this unit also features an in-unit washer and dryer and central air, a rare and valuable amenity in historic homes.

Situated on a tree-lined street in the heart of Bed-Stuy, this home offers more than just a beautiful interior. The neighborhood is known for its vibrant culture, thriving local businesses, and a strong sense of community. Enjoy walking to trendy cafes, restaurants, and boutiques, or take a leisurely stroll through the neighborhood's iconic brownstone-lined streets. The third-floor residence at 491 Madison offers a unique opportunity to experience the perfect blend of historic charm and modern living in one of Brooklyn's most coveted locations.

Last Agent to Rent the Property

Gerard Smith

Douglas Elliman Real Estate License #10401303408 Listed on: 12/21/2024

Douglas Elliman Real Estate

Last Renter's Agent

Gerard Smith

Douglas Elliman Real Estate License #10401303408 Listed on: 12/21/2024

Douglas Elliman Real Estate

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1899

Property Views

  • City
  • Park or Greenbelt

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,000 Sq Ft Home
  • 3-Story Property
  • Furnished
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer Hookup

Utilities

  • No Cooling

Listing and Financial Details

  • Property Available on 12/21/24
  • Legal Lot and Block 0071 / 01639

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Stuyvesant Heights Subdivision

Amenities

  • No Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1899

Lot Details

0 Sq Ft Lot

Rental Info

  • Land Lease: No
  • Furnished: Furnished
  • Available Date: 2024-12-21

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Stuyvesant Heights
  • Architectural Style: Walk-Up
  • Entry Level: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Fireplace Features: Other
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1000.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 3

Exterior Features

  • View: City, Park/Greenbelt
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building None, Washer Hookup, In Unit
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: Rental Building

Building Info

  • New Construction: No
  • Units: 3
  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 01639
  • Tax Lot: 0071

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2024
Closed on
Dec 18, 2024
Sold by
Bought by
Seller's Agent
Gerard Smith
Douglas Elliman Real Estate
Buyer's Agent
Gerard Smith
Douglas Elliman Real Estate
Sold Price
$4,000
Current Estimated Value
$2,899,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,895,045
Original Mortgage
$1,299,853
Outstanding Balance
$1,281,487
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,617,558

Purchase Details

Closed on
Feb 9, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,620
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,995,000 --
$2,995,000 --
$412,500 --
$412,500 --
$318,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,299,853
Closed $1,299,853
Previous Owner $412,500
Previous Owner $312,620
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/21/2024 12/21/24 Rented $4,000 0.0% --
12/21/2024 12/21/24 Under Contract -- -- --
12/21/2024 12/21/24 For Rent $4,000 -- --
Source: Real Estate Board of New York (REBNY)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,469 $123,600 $23,700 $99,900
2025 $5,958 $141,900 $23,700 $118,200
2024 $5,958 $112,080 $23,700 $88,380
2023 $5,806 $108,840 $23,700 $85,140
2022 $5,700 $107,940 $23,700 $84,240
2021 $5,979 $118,380 $23,700 $94,680
2020 $1,638 $107,520 $23,700 $83,820
2019 $3,080 $90,060 $23,700 $66,360
2018 $2,806 $15,225 $3,956 $11,269
2017 $2,804 $15,225 $4,815 $10,410
2016 $2,705 $15,083 $5,807 $9,276
2015 $1,513 $14,230 $7,091 $7,139
2014 $1,513 $13,436 $8,036 $5,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11026076

Real Estate Board of New York (REBNY)

APN: 01639-0071

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