NOT LISTED FOR SALE

723 Madison St Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,019,000 - $1,665,000

3 Beds
3 Baths
2,001 Sq Ft
$714/Sq Ft Est. Value

Last Sold August 29, 2012

Last sale price $342,597 $171 Per Sq Ft

Est. 317% increase in value since last sale

Current estimated payment $8,106/month

172 Days on Market

Highlights

  • Wood Flooring
  • Den
  • Eat-In Kitchen
  • 1 Fireplace
  • Skylights
  • Combination Dining and Living Room

About This Home

As of August 2012

2 Family House With Fha Short Sale. There Will Be An Even Split Of Commission If The Bank Reduces The Commission Paid Out. Buyer To Pay Transfer Tax And Water Lien Of $4,600+

Last Agent to Sell the Property

Robert Murphy

Charles Rutenberg Realty Inc Brokerage Phone: 516-575-7500 License #40MU1175272 Listed on: 02/29/2012

Last Buyer's Agent

Robert Murphy

Charles Rutenberg Realty Inc Brokerage Phone: 516-575-7500 License #40MU1175272 Listed on: 02/29/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,000

Year Built

  • Built in 1920

Lot Details

  • 1,667 Sq Ft Lot
  • Lot Dimensions are 16 x 100
  • No Common Walls

Home Design

  • Stone Siding

Interior Spaces

  • 2-Story Property
  • Skylights
  • 1 Fireplace
  • Combination Dining and Living Room
  • Den
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Oil

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Dishwasher,Dryer,Washer
  • Legal Lot and Block 58 / 1642
  • Assessor Parcel Number 01642-0058

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,000

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Exclusions: Dishwasher,Dryer,Washer
  • Year Built: 1920
  • New Construction: No
  • Attribution Contact: 516-575-7500
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Interior Amenities: Den/Family Room, Eat-in Kitchen, Living Room/Dining Room Combo
  • Living Area Units: Square Feet
  • Fireplaces: 1
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Full, Unfinished
  • Inclusions: Refrigerator
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Window Features: Skylight(s)
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Stone

Garage/Parking

  • Attached Garage: No
  • Garage: No

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Hot Water, Oil
  • Sewer: Sewer
  • Utilities: Sewer Available
  • Water Source: Public
  • NumberOfHeatingZones: 1
  • SeparateHotwaterHeaterDetail: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Dimensions: 16 X 100
  • Lot Size Sq Ft: 1667
  • Parcel Number: 01642-0058
  • Property Attached: No

Rental Info

  • Lease Considered: No
  • Available Date: 2012-08-29

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 2000
  • Tax Block: 1642
  • Tax Lot: 58
  • Tax Map Number: 01642-0058

MLS Schools

  • Middle School District: Brooklyn 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2013
Sold by
723 Madison Llc
Bought by
Cheng Lengya
Current Estimated Value
$1,428,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,000
Outstanding Balance
$356,454
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,089,665

Purchase Details

Listed on
Feb 29, 2012
Closed on
Aug 29, 2012
Sold by
Thomas Jerome
Bought by
723 Madison Llc
Seller's Agent
Robert Murphy
Charles Rutenberg Realty Inc
Buyer's Agent
Robert Murphy
Charles Rutenberg Realty Inc
List Price
$389,500
Sold Price
$342,597
Premium/Discount to List
-$46,903
-12.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.72%

Purchase Details

Closed on
Dec 5, 2008
Sold by
Brooklyn Renaissance Development Inc
Bought by
Thomas Jerome

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,306
Interest Rate
5.53%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Cheng Lengya $710,000 --
723 Madison Llc $342,597 --
Thomas Jerome $650,000 --
Brooklyn Renaissance Development Inc $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Lengya $497,000
Previous Owner Thomas Jerome $628,306
Previous Owner Reid Annie $43,048
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2012 08/29/12 Sold $342,597 -12.0% $171 / Sq Ft
08/20/2012 08/20/12 Pending -- -- --
02/29/2012 02/29/12 For Sale $389,500 -- $195 / Sq Ft
Source: OneKey® MLS

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 $3,886 $90,300 $15,480 $74,820
2024 $3,886 $93,360 $15,480 $77,880
2023 $3,892 $114,540 $15,480 $99,060
2022 $3,612 $96,420 $15,480 $80,940
2021 $3,596 $98,880 $15,480 $83,400
2020 $1,786 $86,160 $15,480 $70,680
2019 $3,373 $68,520 $15,480 $53,040
2018 $3,256 $15,972 $3,866 $12,106
2017 $3,074 $15,078 $5,755 $9,323
2016 $2,847 $14,239 $7,333 $6,906
2015 $1,716 $14,230 $11,008 $3,222
2014 $1,716 $13,436 $8,824 $4,612
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Robert Murphy

    Charles Rutenberg Realty Inc

See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY2472595

OneKey® MLS

APN: 01642-0058

New York Kings County Brooklyn 11221 Bed-Stuy

723 Madison St, Brooklyn, NY

This home is located at 723 Madison St, Brooklyn, NY 11221 since 29 February 2012 and is currently estimated at $1,428,129, approximately $713 per square foot. This property was built in 1920. 723 Madison St is a home located in Kings County with nearby schools including P.S. 309 George E. Wibecan Preparatory Academy, La Cima Charter School, and Ember Charter School.

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