NOT LISTED FOR SALE

778 Madison St Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,946,000 - $2,613,000

10 Beds
5 Baths
5,120 Sq Ft
$435/Sq Ft Est. Value

Last Sold October 03, 2022

Last sale price $1,005,000 $196 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $12,772/month

About This Home

As of October 2022

Buyer pays all transfer tax and fees. This property cannot be seen on the interior only access to the exterior. This property will be delivered vacant. A signed hold harmless is required, the hold harmless must also be signed and accompanied with all offers.

Last Agent to Sell the Property

Richard Dinerman

Peerless Properties Corp. Listed on: 07/11/2022

Last Buyer's Agent

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,077

Lot Details

  • 2,200 Sq Ft Lot
  • Lot Dimensions are 100 x 20

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 5,120 Sq Ft Home
  • Wood Flooring
  • Basement Cellar

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Parking

  • 1 Parking Space
  • Private Driveway

Utilities

  • 220 Volts

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Block 1648

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,077

Lot Details

0

Listing Details

  • Basement Amenities: Cellar
  • Baths Total Level1: 2.00
  • Baths Total Level2: 1.00
  • Baths Total Level3: 1.00
  • Baths Total Level4: 1.00
  • Beds Total Level1: 3
  • Beds Total Level2: 3
  • Beds Total Level3: 3
  • Beds Total Level4: 1
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1280
  • Building Length: 40.00
  • Building Width: 32.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Putnam Avenue
  • Handicap Access Y N U: No
  • Heat Delivery: Other
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: 1 Space
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: None
  • Rooms Total Level1: 5
  • Rooms Total Level2: 4
  • Rooms Total Level3: 4
  • Rooms Total Level4: 1
  • Fill Sq Ft Total: 5120
  • Street Name I D X: Madison
  • Street Number I D X: 778
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 5
  • Total Bedrooms: 10
  • Flooring: Hardwood
  • Lot Sq Ft: 2200
  • Total Rooms: 14

Exterior Features

  • Yard: None
  • Exterior Building Type: Semi-Detached
  • Construction Type: Block
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 110
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Other
  • Hot Water: Other

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20

Tax Info

  • Flip Tax Amount: 8077.00

Multi Family

  • Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2022
Closed on
Oct 3, 2022
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Madison Wga Llc
Seller's Agent
Richard Dinerman
Peerless Properties Corp.
Buyer's Agent
NON MEMBER
Sold Price
$1,005,000
Current Estimated Value
$2,228,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,223,667
Avg. Annual Appreciation
31.23%
Original Mortgage
$915,000
Outstanding Balance
$882,523
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,346,144

Purchase Details

Closed on
Dec 30, 2019
Sold by
Cuyler Renaye B Esq
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Apr 5, 2005
Sold by
Grussgott Sam
Bought by
Freed Devon and Grussgott Sam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$609,000
Interest Rate
5.61%

Purchase Details

Closed on
Mar 1, 2000
Sold by
Natan Inc
Bought by
King Leslie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,975
Interest Rate
8.21%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Madison Wga Llc $1,023,341 --
Madison Wga Llc $1,023,341 --
Federal Home Loan Mortgage Corp $1,138,752 --
Federal Home Loan Mortgage Corp $1,138,752 --
Freed Devon -- --
Freed Devon -- --
King Leslie M $319,000 Fidelity National Title Ins
King Leslie M $319,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madison Wga Llc $485,000
Open Madison Wga Llc $915,000
Closed Madison Wga Llc $600,000
Closed Madison Wga Llc $915,000
Previous Owner Grussgott Sam $609,000
Previous Owner King Leslie M $326,000
Previous Owner King Leslie M $316,975
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2022 10/03/22 Sold $1,005,000 -- $196 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $8,677 $201,300 $7,920 $193,380
2024 $8,677 $159,000 $7,920 $151,080
2023 $8,774 $172,680 $7,920 $164,760
2022 $6,229 $180,300 $7,920 $172,380
2021 $8,513 $159,600 $7,920 $151,680
2020 $1,117 $147,960 $7,920 $140,040
2019 $7,531 $117,660 $7,920 $109,740
2018 $7,339 $36,000 $3,040 $32,960
2017 $7,284 $35,730 $4,311 $31,419
2016 $6,739 $33,708 $5,493 $28,215
2015 -- $31,800 $5,830 $25,970
2014 -- $30,000 $6,600 $23,400
Source: Public Records

Agents Affiliated with this Home

  • Richard Dinerman

    Seller's Agent in 2022

    Richard Dinerman

    Peerless Properties Corp.

    (917) 204-2040

    2 in this area

    49 Total Sales

    Richard Dinerman
    Section Image

  • N

    Buyer's Agent in 2022

    NON MEMBER

See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 464145

Brooklyn Board of REALTORS®

APN: 01648-0110

New York Kings County Brooklyn 11221 Bed-Stuy

778 Madison St, Brooklyn, NY

This home is located at 778 Madison St, Brooklyn, NY 11221 since 11 July 2022 and is currently estimated at $2,228,667, approximately $435 per square foot. 778 Madison St is a home located in Kings County with nearby schools including P.S. 309 George E. Wibecan Preparatory Academy, Uncommon Excellence Boys Elementary School and Middle School, and Excellence Girls 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.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Nearby Homes