NOT LISTED FOR SALE

740 Madison St Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,479,000 - $2,114,000

-- Bed
-- Bath
2,668 Sq Ft
$661/Sq Ft Est. Value

Last Sold April 30, 2016

Last sale price $1,300,000 $487 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $9,874/month

285 Days on Market

About This Home

As of April 2016

740 Madison is a lovely 4 story/ 2 unit semi detached Brownstone located in the Stuyvesant Heights section of Brooklyn. Originally built around 1899, this beautiful double duplex has authentic details, including such features as decorative fireplace mantels, pocket shutters, gorgeous floors, and amazing ceiling medallions. The lower duplex has an open layout featuring a recently renovated bathroom with a stand up shower and Jacuzzi tub. You also have access to the garden / backyard, which is perfect for entertaining or relaxing. 740 Madison is near the J & Z trains and close to all the notable neighborhood restaurants such as L'Antagoniste, Manny's, Saraghina, and Peaches, among others. Do not miss this opportunity to own a piece of history and become a part of this vibrant Bedford Stuyvesant community !!Pictures and floorplan coming soon.

Last Agent to Sell the Property

Ban Leow

Nest Seekers LLC License #40LE1126431 Listed on: 06/18/2015

Nest Seekers LLC

Co-Listed By

Howard Ramlal

Nest Seekers LLC License #40RA1043997

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,108

Lot Details

  • 1,655

Home Design

Community Details

  • 2 Units
  • Upper East Side Subdivision

Listing and Financial Details

  • Legal Lot and Block 27 / 1647

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,108

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily

Building Info

  • Units: 2

Tax Info

  • Tax Block: 1647
  • Tax Lot: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2015
Closed on
Apr 29, 2016
Sold by
Forbes-Thomas Daveth M and Lewis Joseph
Bought by
Kanter David and Tarhan Tiphaine
Seller's Agent
Ban Leow
Nest Seekers LLC
List Price
$1,350,000
Sold Price
$1,300,000
Premium/Discount to List
-$50,000
-3.7%
Current Estimated Value
$1,764,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$464,610
Avg. Annual Appreciation
3.38%
Original Mortgage
$1,040,000
Outstanding Balance
$833,696
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$936,663

Purchase Details

Closed on
Apr 27, 2005
Sold by
Catherine E Owens Living Trust and Owens Trustee Catherine E
Bought by
Forbes-Thomas Daveth M and Lewis Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,440
Interest Rate
6.05%
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
Kanter David $1,300,000 --
Forbes-Thomas Daveth M $494,400 --
Forbes-Thomas Daveth M $494,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kanter David $1,040,000
Previous Owner Forbes-Thomas Daveth M $147,000
Previous Owner Forbes-Thomas Daveth M $49,440
Previous Owner Forbes-Thomas Daveth M $395,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2022 04/20/22 Off Market $1,300,000 -- --
04/30/2016 04/30/16 Sold $1,300,000 -3.7% $487 / Sq Ft
03/31/2016 03/31/16 Pending -- -- --
06/19/2015 06/19/15 For Sale $1,350,000 -- $506 / 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 $3,108 $118,800 $18,660 $100,140
2024 $3,108 $93,840 $18,660 $75,180
2023 $3,106 $100,740 $18,660 $82,080
2022 $2,882 $82,440 $18,660 $63,780
2021 $2,872 $90,420 $18,660 $71,760
2020 $1,427 $85,200 $18,660 $66,540
2019 $2,698 $73,440 $18,660 $54,780
2018 $2,598 $12,746 $2,917 $9,829
2017 $2,453 $12,031 $3,273 $8,758
2016 $2,274 $11,373 $3,904 $7,469
2015 $1,369 $11,370 $5,660 $5,710
2014 $1,369 $10,747 $6,422 $4,325
Source: Public Records

Agents Affiliated with this Home

  • Ban Leow

    Seller's Agent in 2016

    Ban Leow

    Nest Seekers LLC

    (917) 607-3838

    9 in this area

    13 Total Sales

    Section Image
  • Howard Ramlal

    Seller Co-Listing Agent in 2016

    Howard Ramlal

    Nest Seekers LLC

    (917) 414-4896

    11 in this area

    15 Total Sales

    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10103300

Real Estate Board of New York (REBNY)

APN: 01647-0027

New York Kings County Brooklyn 11221 Bed-Stuy

740 Madison St, Brooklyn, NY

This home is located at 740 Madison St, Brooklyn, NY 11221 since 18 June 2015 and is currently estimated at $1,764,610, approximately $661 per square foot. 740 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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