NOT LISTED FOR SALE

Estimated Value: $1,460,000 - $1,791,000

5 Beds
3 Baths
2,955 Sq Ft
$549/Sq Ft Est. Value

Last Sold August 17, 2021

Last sale price $1,475,000 $499 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $8,950/month

210 Days on Market

About This Home

As of August 2021

522A MacDonough street, a charming three story, three family with windows in every room and nearly all of its original details remaining. Each floor-through apartment has high ceilings, a lovely fireplace mantle, original moldings, doors, and fretwork. Most of the original floors and built-ins remain throughout the home. One of the windowed, classic black and white baths has a claw-foot tub. Even the middle of the house has natural sunlight from an interior courtyard between 522 and 522A.
The sunny, south facing backyard and the laundry room are accessed through the basement, which has plenty of room for storage and maximizes this special live-with-income or investment opportunity. Additionally, there are proper stairs and a bulkhead to get to the roof, making it easy to add a roof deck should you so desire. The mechanicals have been well-maintained by the current owner.
MacDonough Street is a beautiful, tree-lined block near all of your Bed Stuy favorites: Manny's, Bed Stuy Fresh and Local, Casablanca, L'Antagoniste, Trade Union Cafe, Milk & Pull, and so many more. The A/C subway at Utica Avenue and/or the C at Ralph Avenue as well as the J/Z subway at Gates Avenue and the J at Halsey Street are within close proximity. The house can be delivered vacant or with wonderful tenants in place.

Co-Listed By

Vish Velandy

Corcoran Group License #10401301889

Corcoran Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1901

Lot Details

  • 1,960

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 85.0 x 16.0

Community Details

  • 3 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 1929

Property Details

Home Type

Multi-Family

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Cross Street: Patchen Avenue & Ralph Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Beds/Baths

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

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 85.0 x 16.0

Building Info

  • Units: 3
  • Total Stories: 3
  • Year Built: 1901

Tax Info

  • Tax Block: 1929

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2020
Closed on
Aug 16, 2021
Sold by
Macdonough Owner Llc
Bought by
1737 Main Llc
List Price
$1,795,000
Sold Price
$1,475,000
Premium/Discount to List
-$320,000
-17.83%
Current Estimated Value
$1,622,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,206
Avg. Annual Appreciation
2.21%

Purchase Details

Closed on
Dec 1, 2017
Sold by
Frank Adam
Bought by
Macdonough Owner Llc

Purchase Details

Closed on
Jun 20, 2008
Sold by
Knight Michael
Bought by
Frank Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 23, 2004
Sold by
Frye Annie M
Bought by
Knight Michael
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

Date Buyer Sale Price Title Company
1737 Main Llc $1,475,000 --
1737 Main Llc $1,475,000 --
Macdonough Owner Llc $1,600,000 --
Macdonough Owner Llc $1,600,000 --
Frank Adam $715,000 --
Frank Adam $715,000 --
Knight Michael $515,000 --
Knight Michael $515,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Frank Adam $572,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2021 08/17/21 Sold $1,475,000 -17.8% $499 / Sq Ft
10/14/2020 10/14/20 For Sale $1,795,000 -- $607 / 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 $5,397 $81,600 $20,340 $61,260
2024 $5,397 $90,240 $20,340 $69,900
2023 $5,458 $83,640 $20,340 $63,300
2022 $5,307 $68,460 $20,340 $48,120
2021 $5,278 $65,700 $20,340 $45,360
2020 $2,480 $79,680 $20,340 $59,340
2019 $4,685 $88,140 $20,340 $67,800
2018 $4,565 $22,394 $4,258 $18,136
2017 $4,516 $22,152 $6,364 $15,788
2016 $4,178 $20,901 $7,635 $13,266
2015 $2,520 $19,754 $10,534 $9,220
2014 $2,520 $18,662 $11,945 $6,717
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10675593

Real Estate Board of New York (REBNY)

APN: 01678-0015