NOT LISTED FOR SALE

Estimated Value: $1,343,000 - $2,228,000

-- Bed
-- Bath
3,420 Sq Ft
$542/Sq Ft Est. Value

Last Sold December 18, 2019

Last sale price $1,740,000 $509 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $10,548/month

40 Days on Market

About This Home

As of December 2019

YEAR END MOTIVATION!In the middle of a beautiful tree canopied Stuyvesant Heights block you'll find 594 Madison Street. This classic 4-story, 3-family home is exactly what you've been looking for --an owner's garden and parlour duplex plus two rental units priced below $1.7mil. As you enter the parlour level of this classic brownstone, you'll immediately notice the original textured walls of the vestibule, the 9' entry bench with mirror plus wainscoting throughout the halls. Through the parlour doors you'll find an open plan floor through sitting room, living room, dining room and kitchen bathed in sunlight from front to back. You'll also find more original details like the original floor to ceiling parlour mirror, oversized windows and shutters, crown molding, center medallions, ornate fireplace with wood mantle, and huge closets that are staples of brownstone living. Off of the eat in kitchen you have a patio and steps leading down to a large backyard with raised flower bed that's waiting for you to plant fresh herbs. On the garden level of the home you'll find two large bedrooms and bathrooms. The front bedroom has a raised sleeping area, fireplace and sitting area. The back bedroom also has a sitting area plus an ensuite bathroom and access to the garden.On the 3rd floor you have a large floor through one bedroom apartment with alcove living room, open kitchen and dining area, pass through closet and a king size bedroom overlooking garden. This apartment boasts two fireplaces and mantles, original hardwood floors, shutters, arched moldings and ceiling medallions.On the 4th floor, you'll find a one and a half bedroom rental apartment. The open plan living and dining room overlook the tree canopy of Madison Street along with a half bedroom that can serve as a guest room or home office. The small kitchen has a skylight making it bright and airy. The king size bedroom sits at the back of the apartment overlooking the garden. Move in and rent both units right away. Or, for the motivated buyer looking for maximum rental income, make a few upgrades to the upper kitchens and baths and you can command top dollar for this prime time Stuyvesant Heights location. Located between Stuyvesant and Lewis you have all the best of Bed Stuy rights at your doorstep. You have Bed-Vyne, Skal, Peaches, Manny's, Casablanca, Chez Oskar and a host of other bars and restaurants for entertainment. And, peppered throughout the neighborhood are lots of boutique shops and services for everything else you need --including Life Wellness Center, Peace & Riot, The Meat market and Brooklyn Blooms. 594 Madison Street has everything you are looking for in a home plus investment AND it is well priced to give you the extra motivation to close before year end!

Last Agent to Sell the Property

Malika Oyo

Compass License #10401293189 Listed on: 10/08/2019

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,440

Year Built

  • Built in 1899

Lot Details

  • 1,917

Home Design

  • Pre War Building

Additional Features

  • 4-Story Property
  • Lot Dimensions are 100.0 x 19.0

Community Details

  • 3 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Legal Lot and Block 17 / 1645

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,440

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Lewis Avenue & Stuyvesant Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 100.0 x 19.0

Building Info

  • Units: 3
  • Total Stories: 4
  • Year Built: 1899

Tax Info

  • Tax Block: 1645
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2019
Closed on
Dec 18, 2019
Sold by
594 Madison Street Llc
Bought by
Shah Nadya
Seller's Agent
Malika Oyo
Compass
List Price
$1,699,000
Sold Price
$1,740,000
Premium/Discount to List
$41,000
2.41%
Current Estimated Value
$1,852,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,850
Avg. Annual Appreciation
1.76%
Original Mortgage
$1,392,000
Outstanding Balance
$1,237,445
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$683,854

Purchase Details

Closed on
Sep 18, 2018
Sold by
Roman Migdalia
Bought by
594 Madison Street Llc

Purchase Details

Closed on
May 25, 2005
Sold by
Byam Marcia G
Bought by
Roman Migdalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.79%

Purchase Details

Closed on
Sep 28, 2000
Sold by
W B Kelsey Inc
Bought by
Byam Marcia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,850
Interest Rate
7.78%
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
Shah Nadya $1,740,000 --
Shah Nadya $1,740,000 --
594 Madison Street Llc -- --
594 Madison Street Llc -- --
Roman Migdalia $750,000 --
Roman Migdalia $750,000 --
Byam Marcia G $310,000 Stewart Title
Byam Marcia G $310,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shah Nadya $1,392,000
Closed Shah Nadya $1,392,000
Previous Owner Roman Migdalia $75,000
Previous Owner Roman Migdalia $600,000
Previous Owner Byam Marcia G $392,000
Previous Owner Byam Marcia G $89,600
Previous Owner Byam Marcia G $284,600
Previous Owner Byam Marcia G $283,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2019 12/18/19 Sold $1,740,000 +2.4% $509 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
10/08/2019 10/08/19 For Sale $1,699,000 -- $497 / 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 $5,440 $122,220 $22,560 $99,660
2024 $5,440 $116,760 $22,560 $94,200
2023 $5,450 $116,220 $22,560 $93,660
2022 $4,799 $106,500 $22,560 $83,940
2021 $4,999 $101,820 $22,560 $79,260
2020 $5,054 $92,880 $22,560 $70,320
2019 $4,722 $93,960 $22,560 $71,400
2018 $4,559 $22,363 $4,648 $17,715
2017 $4,302 $21,105 $6,446 $14,659
2016 $3,980 $19,911 $8,209 $11,702
2015 $2,401 $19,905 $11,954 $7,951
2014 $2,401 $18,810 $12,540 $6,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10576845

Real Estate Board of New York (REBNY)

APN: 01645-0017