NOT LISTED FOR SALE

622 Madison St Unit 2ND Bed-Stuy, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $836,000 - $1,040,000

2 Beds
2 Baths
850 Sq Ft
$1,066/Sq Ft Est. Value

Last Sold December 20, 2019

Last sale price $807,000 $949 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,921/month

About This Home

622 Madison is a boutique four unit condo development, sitting in a stunning Brooklyn brownstone neighborhood, Stuyvesant Heights, Brooklyn. The property is a welcome addition to the area. The composition of the building captures the warmth and character inherent in the neighborhood.

Unit 2 is a (2bd) two bedroom, (2bth) bathroom 850 sqft residence with a private balcony, designed with oversized windows to maximizes on bringing in the light, equipped with central AC and heat, wide-plank hardwood floors and a washer/dryer hook-up. To top it off there is a common roof deck for the enjoyment of all residents.

You are greeted by a light filled room upon entering the expansive open kitchen & living/dining area, which is perfect for entertaining. The kitchen is uniquely designed with the astute consumer in mind. It's modern and chic beyond compare.
The kitchens have been masterly crafted, showcasing a alpine mist quartz backsplash and countertops that's cradled within the warmth of the cabinetry. The cabinetry design elements include open shelving and under cabinet lighting adding to the overall aesthetic. Rounded out by a stainless steel appliance package, including 30'' Bosch 500 series cooktop, 30'' Bosch 800 series microwave oven, sleek integrated refrigerator/freezer by Fisher & Paykel and dishwasher by Bosch. The bathrooms were designed with a clean and subtle color pallet of porcelain tiles finished with matte black fixtures and Brazilian-style rain showerheads. The project was designed by a local and formidable designer, Spear Head Architecture + Design.

Located in the heart of Bedford Stuyvesant, a historical and diverse neighborhood, 622 Madison Avenue is surrounded by an abundance of conveniences for dining, shopping and entertaining. Local attractions include: Saraghina, Farm-to-Table French Cuisine at L'Antagoniste, Captian Dan's "Good Time" Tavern, Lucha Lucha tasty tacos, Dough, Cinnamon Girl coffee shop, Sacrad Yoga and Blink Fitness to name a few. The A, C and G trains are a short distance away.This is not an offering. The complete offering terms are in an offering plan available from the File No. CD180240

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2019
Closed on
Dec 20, 2019
Sold by
622 Madison Llc
Bought by
Dumas Michelman
List Price
$839,000
Sold Price
$807,000
Premium/Discount to List
-$32,000
-3.81%
Current Estimated Value
$905,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,863
Avg. Annual Appreciation
2.00%
Original Mortgage
$636,800
Outstanding Balance
$561,431
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$344,432
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Dumas Michelman $807,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dumas Michelman $636,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/20/2022 04/20/22 Off Market $807,000 -- --
12/20/2019 12/20/19 Sold $807,000 -3.8% $949 / Sq Ft View Prior Sale
08/05/2019 08/05/19 Pending -- -- --
07/20/2019 07/20/19 For Sale $839,000 -- $987 / Sq Ft

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 $9,240 $124,276 $26,968 $97,308
2024 $9,240 $124,051 $26,968 $97,083
2023 $7,480 $103,376 $26,968 $76,408
2022 $7,461 $101,578 $26,968 $74,610
2021 $8,407 $81,240 $26,968 $54,272
Source: Public Records

Agents Affiliated with this Home

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