NOT LISTED FOR SALE

622 Madison St Unit 1 Bed-Stuy, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $998,000 - $1,100,000

2 Beds
1.5 Baths
1,318 Sq Ft
$674/mo HOA Fee

Last Sold December 29, 2023

Last sale price $995,000 $755 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,166/month

5 Days on Market

Highlights

  • Wood Flooring
  • Private Yard
  • Recessed Lighting
  • High Ceiling
  • Home Security System
  • Central Heating and Cooling System

About This Home

As of December 2023

622 Madison Street is a sophisticated and exclusive boutique condominium nestled in the heart of the Stuyvesant Heights historic district in Bedford Stuyvesant. This exquisite property is a true gem that seamlessly blends modern luxury with the timeless character of a classic Brooklyn brownstone.

This duplex apartment is a thoughtfully designed two-bedroom, one-and-a-half-bathroom space spanning over 1,300 square feet. As you step inside, you are immediately greeted by an abundance of natural light that floods the expansive open kitchen and living/dining area, creating a warm and inviting atmosphere perfect for entertaining guests. The kitchen itself is a masterpiece, meticulously crafted with the discerning buyer in mind. Its modern and chic design is unparalleled, featuring an alpine mist quartz backsplash and countertops elegantly complemented by the rich cabinetry. With open shelving and under cabinet lighting, the kitchen not only exudes style but also offers functionality. It is equipped with top-of-the-line stainless steel appliances, including a 30'' Bosch 500 series cooktop, a 30'' Bosch 800 series microwave oven, a Fisher & Paykel integrated refrigerator/freezer, and a Bosch dishwasher.

In the bathrooms, the attention to detail continues, where a clean and subtle color palette harmonizes with porcelain tiles and matte black fixtures. Brazilian-style rain shower heads add a touch of luxury to your daily routine. Every aspect of this unit has been meticulously designed by the esteemed Spear Head Architecture + Design, ensuring a seamless blend of aesthetics and functionality.

Access the 719 sqft private garden/backyard from the second bedroom. Additionally, there is access to a common roof deck, offering a perfect space to relax and enjoy breathtaking views of the surrounding neighborhood. This beautiful apartment also features central AC and heating, stunning wide-plank hardwood floors, and a washer/dryer installed, with an additional washer/dryer hookup upstairs. This apartment has an abundance of storage space with multiple closets upstairs and downstairs, also including a private separate storage room.

622 Madison Street is ideally situated in the heart of Bedford-Stuyvesant, a historical and vibrant neighborhood that offers an array of dining, shopping, and entertainment options. For easy commuting, the A, C, and G trains are conveniently located nearby.

Last Agent to Sell the Property

Brandon Turner

Compass License #10401287486 Listed on: 10/13/2023

Compass

Co-Listed By

Steve Dawson

Compass License #10401211000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,180

Year Built

  • Built in 2019

Lot Details

  • 1,742

HOA Fees

  • $674 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,318 Sq Ft Home
  • 4-Story Property
  • High Ceiling
  • Recessed Lighting
  • Wood Flooring
  • Home Security System

Kitchen

  • Gas Cooktop
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry in unit
  • Washer

Additional Features

  • Private Yard
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Legal Lot and Block 1201 / 01645

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,180

Year Built

Built in 2019

Lot Details

0

HOA Fees

$674 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bedford-Stuyvesant
  • Entry Level: 1
  • Structure Type: Quadruplex
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Features: High Ceilings, Recessed Lighting
  • Appliances: Cooktop, Dishwasher, Freezer, Gas Cooktop, Gas Oven, Refrigerator, Washer
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 1318.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Private Yard

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: In Unit, See Remarks
  • Security: Security System
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 674.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: N/A

Building Info

  • New Construction: No
  • Units: 4
  • Total Stories: 4
  • Year Built: 2019

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 01645
  • Tax Lot: 1201
  • Tax Annual: 9180.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2024
Closed on
Sep 27, 2024
Sold by
Colgan Brian R
Bought by
Frumkin Samuel Maurice and Pilaski Lisa H
Seller's Agent
Colin Montgomery
Sothebys International Realty
List Price
$995,000
Sold Price
$995,000
Views
47
Current Estimated Value
$1,057,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,770
Avg. Annual Appreciation
5.88%
Original Mortgage
$279,108
Outstanding Balance
$275,899
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$781,872

Purchase Details

Listed on
Oct 13, 2023
Closed on
Dec 29, 2023
Sold by
Mundt Kathryn and Mundt Trevor
Bought by
Colgan Brian R
Seller's Agent
Brandon Turner
Compass
List Price
$995,000
Sold Price
$995,000
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$570,500
Interest Rate
7.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 19, 2019
Closed on
Dec 4, 2019
Sold by
622 Madison Llc
Bought by
Mcgee Kathryn and Mundt Kathryn
List Price
$949,000
Sold Price
$899,000
Premium/Discount to List
-$50,000
-5.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.52%
Original Mortgage
$539,000
Interest Rate
3.75%
Mortgage Type
New Conventional
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
Frumkin Samuel Maurice $995,000 --
Colgan Brian R $995,000 --
Colgan Brian R $995,000 --
Mcgee Kathryn $899,000 --
Mcgee Kathryn $899,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frumkin Samuel Maurice $279,108
Previous Owner Colgan Brian R $570,500
Previous Owner Mcgee Kathryn $539,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/29/2023 12/29/23 Sold $995,000 0.0% $755 / Sq Ft
11/01/2023 11/01/23 Pending -- -- --
10/26/2023 10/26/23 For Sale $995,000 +10.7% $755 / Sq Ft
12/04/2019 12/04/19 Sold $899,000 -5.3% $682 / Sq Ft View Prior Sale
07/18/2019 07/18/19 Pending -- -- --
04/20/2019 04/20/19 For Sale $949,000 -- $720 / 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 $11,335 $152,445 $33,080 $119,365
2024 $11,335 $152,169 $33,080 $119,089
2023 $9,175 $126,808 $33,080 $93,728
2022 $9,152 $124,602 $33,080 $91,522
2021 $10,313 $99,654 $33,080 $66,574
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10924088

Real Estate Board of New York (REBNY)

APN: 01645-1201