NOT LISTED FOR SALE

533 Madison St Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,473,000 - $2,242,000

6 Beds
3 Baths
3,360 Sq Ft
$517/Sq Ft Est. Value

Sale Details

Date Sold: May 8, 2024

Last sale price $1,270,000 $378 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $9,825 / mo

22 Days on Market

Highlights

  • Property is near public transit
  • Park
  • South Facing Home
  • 3 Fireplaces
  • Heating System Uses Steam

About This Home

As of May 2024

A Legal two family brownstone located in Bedford-Stuyvesant, It's fast-growing area with huge potential. The house has 4 floors plus basement, a large backyard. This house does need TLC. Please bring your architect or contractor to see this Bedford-Stuyvesant property primed for development. If you're an investor looking to capitalize on the demand for multi-family property or a homeowner eager to create an income producing property this home is perfect. A lot size is 20*100, building size 20*42, total interior size: 3360. 4 stories + Basement

Last Agent to Sell the Property

Min Xiao

Welhome Realty Inc Brokerage Phone: 347-654-7599 License #10311209007 Listed on: 03/20/2024

Last Buyer's Agent

Min Xiao

Welhome Realty Inc Brokerage Phone: 347-654-7599 License #10311209007 Listed on: 03/20/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,640

Year Built

  • Built in 1901

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100
  • Two or More Common Walls
  • South Facing Home

Parking

  • Off-Site Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3 Fireplaces
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Ps 308 Clara Cardwell Middle School
  • Boys And Girls High School

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Oil
  • Radiant Heating System

Listing and Financial Details

  • Legal Lot and Block 48 / 1639
  • Assessor Parcel Number 01639-0048

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,640

Year Built

Built in 1901

Lot Details

2,000 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Year Built: 1901
  • New Construction: No
  • Attribution Contact: 347-654-7599
  • BuildingSize: 20*42
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Fireplaces: 3
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: Full, Unfinished
  • Total Bedrooms: 6
  • Fireplace: Yes
  • NumberOfKitchens: 2

Exterior Features

  • Direction Faces: South
  • Construction Materials: Brick
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Off Site

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Radiant, Steam
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Fuel Oil Stand Alone

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Ps 308 Clara Cardwell

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 20x100
  • Lot Size Sq Ft: 2000
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 01639-0048
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 4640
  • Tax Block: 1639
  • Tax Lot: 48
  • Tax Map Number: 01639-0048

MLS Schools

  • High School: Boys And Girls High School
  • Middle School District: Brooklyn 16

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
Mar 20, 2024
Closed on
May 8, 2024
Sold by
Bought by
Seller's Agent
Min Xiao
Welhome Realty Inc
Buyer's Agent
Min Xiao
Welhome Realty Inc
List Price
$1,780,000
Sold Price
$1,270,000
Premium/Discount to List
-$510,000
-28.65%
Views
118
Current Estimated Value
$1,737,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$467,003
Avg. Annual Appreciation
16.16%

Purchase Details

Closed on
Aug 3, 2018
Sold by
Bought by

Purchase Details

Closed on
Nov 7, 2007
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
$443,000
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 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
$320,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2003
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
$243,000
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2002
Sold by
Bought by

Purchase Details

Closed on
Oct 20, 1999
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
$200,000
Interest Rate
9.97%

Purchase Details

Closed on
Sep 14, 1999
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
$200,000
Interest Rate
9.97%

Purchase Details

Closed on
Aug 2, 1994
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
$126,483
Interest Rate
9.13%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
$1,270,000 --
$1,270,000 --
$1,270,000 --
$1,038,615 --
$1,038,615 --
$1,038,615 --
$450,000 --
$450,000 --
$400,000 --
$400,000 --
$270,750 --
$270,750 --
-- --
-- --
$250,000 --
$250,000 --
-- Commonwealth Land Title Ins
-- Commonwealth Land Title Ins
$130,000 Columbia Title
$130,000 Columbia Title
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
Previous Owner $443,000
Previous Owner $320,000
Previous Owner $243,000
Previous Owner $200,000
Previous Owner $126,483
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
05/08/2024 05/08/24 Sold $1,270,000 -28.7% $378 / Sq Ft
04/12/2024 04/12/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $1,780,000 -- $530 / Sq Ft
Source: OneKey® MLS

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 $5,527 $96,120 $22,980 $73,140
2025 $4,935 $94,500 $22,980 $71,520
2024 $4,935 $111,180 $22,980 $88,200
2023 $4,692 $122,760 $22,980 $99,780
2022 $4,605 $107,400 $22,980 $84,420
2021 $4,574 $105,480 $22,980 $82,500
2020 $2,251 $99,720 $22,980 $76,740
2019 $4,235 $90,840 $22,980 $67,860
2018 $3,865 $20,420 $5,159 $15,261
2017 $3,863 $20,420 $5,952 $14,468
2016 $3,546 $19,286 $6,802 $12,484
2015 $2,104 $19,108 $9,748 $9,360
2014 $2,104 $18,037 $10,961 $7,076
Source: Public Records

Agents Affiliated with this Home

  • Min Xiao

    Seller's Agent in 2024

    Min Xiao

    Welhome Realty Inc

    (347) 654-7599

    1 in this area

    46 Total Sales

    Min Xiao
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Map

Source: OneKey® MLS

MLS Number: KEY3539202

OneKey® MLS

APN: 01639-0048

New York Kings County Brooklyn 11221 Bed-Stuy

533 Madison St, Brooklyn, NY

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Listings courtesy of OneKey® MLS as distributed by MLS GRID

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