NOT LISTED FOR SALE

Estimated Value: $1,548,272 - $1,994,000

5 Beds
3 Baths
2,400 Sq Ft
$705/Sq Ft Est. Value

Sale Details

Date Sold: April 30, 2021

Last sale price $1,350,000 $562 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $9,663 / mo

99 Days on Market

About This Home

As of April 2021

506 Monroe Street in Bedford Stuyvesant is one of a kind, located on a tree-lined block with beautiful facades. This 2-family home has 5-bedrooms, 3-bathrooms, a sprawling living room, and formal dining area. The beauty of brownstone living is the flexibility of room configurations. The home features wood floors, tons of original details throughout, an array of unique/classic light fixtures, chandeliers, and sconces which add to its charm. Starting with the owner?s duplex that takes up the parlor and garden level, the parlor has an extra-large living room with beautiful French doors that presently leads to a bedroom. Off the bedroom is an alcove that can be converted to a designer closet or home office. The open feel of this duplex is partly realized because of the 10ft ceiling heights, almost floor to ceiling windows, and the traditional glass French doors. Rounding off the parlor level is the first of two bathrooms. Below is the garden floor, and the second level of the duplex where there is another bedroom, a den, the second bathroom, and a unique eat-in kitchen. Right off the kitchen before entering the backyard is a mudroom. The backyard is perfect for that owner with a green thumb. Plant vegetables, peppers, and tomatoes and bask in a cool shade under the tree in the backyard. The yard is partially paved for a picnic table and entertaining. In additional to the owner?s duplex is a 2-bedroom, 1-bathroom rental unit with just as many original details and has a newly renovated kitchen with modern tiles on the floor and backsplash. The kitchen is a gallery style that is completed with a new stainless-steel appliance. This 2-bedroom is on the top floor with no immediate obstruction as east and west exposer affords you tons of natural light. This rental unit is turnkey ready, so start collecting rent right away. 506 Monroe Street is in the epicenter of everything that excites the most enthusiastic foodie, with the Michelin starred L?Antagoniste, Saraghina, Nana Ramen, Peaches Hot House, and countless other restaurants, chic bars and coffee shops nearby. Commuting is convenient with access to the Utica Ave (A/C), Kosciuszko (J), and Buses (B46 & B52). This is 506 Monroe in Bedstuy - with character oozing from every floor and every room, if that traditional brownstone lifestyle is what you?re looking for, then look NO further.

Last Agent to Sell the Property

Wilford Nelson

Corcoran Group License #10401281660 Listed on: 11/11/2020

Corcoran Group

Co-Listed By

Brandii Banks

Compass License #10401283858

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • 2-Story Property
  • Lot Dimensions are 100.0 x 20.0

Community Details

  • 2 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 1639

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Marcus Garvey Boulevard & Lewis Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 100.0 x 20.0

Building Info

  • Units: 2
  • Total Stories: 2
  • Year Built: 1905

Tax Info

  • Tax Block: 1639

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
Nov 11, 2020
Closed on
Apr 30, 2021
Sold by
Bought by
Seller's Agent
Wilford Nelson
Corcoran Group
List Price
$1,495,000
Sold Price
$1,350,000
Premium/Discount to List
-$145,000
-9.7%
Current Estimated Value
$1,693,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,068
Avg. Annual Appreciation
4.51%
Original Mortgage
$532,380
Outstanding Balance
$473,320
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,219,748

Purchase Details

Closed on
Aug 2, 2019
Sold by
Bought by

Purchase Details

Closed on
Nov 14, 1997
Sold by
Bought by
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
$1,350,000 --
$1,350,000 --
$1,350,000 --
-- --
-- --
-- --
-- Stewart Title Insurance Co
-- Stewart Title Insurance Co
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 $532,380
Closed $532,380
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
04/30/2021 04/30/21 Sold $1,350,000 -9.7% $563 / Sq Ft
11/11/2020 11/11/20 For Sale $1,495,000 -- $623 / Sq Ft
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 $5,892 $113,100 $20,460 $92,640
2025 $4,922 $106,740 $20,460 $86,280
2024 $4,922 $103,620 $20,460 $83,160
2023 $4,933 $91,560 $20,460 $71,100
2022 $4,578 $81,780 $20,460 $61,320
2021 $4,554 $78,600 $20,460 $58,140
2020 $1,131 $76,260 $20,460 $55,800
2019 $4,272 $81,540 $20,460 $61,080
2018 $4,126 $20,242 $5,083 $15,159
2017 $3,895 $19,108 $5,583 $13,525
2016 $3,605 $18,032 $6,583 $11,449
2015 $2,174 $18,014 $9,866 $8,148
2014 $2,174 $17,017 $11,177 $5,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10683884

Real Estate Board of New York (REBNY)

APN: 01639-0019

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