NOT LISTED FOR SALE

Estimated Value: $1,793,000 - $3,363,000

6 Beds
5.5 Baths
3,626 Sq Ft
$726/Sq Ft Est. Value

Last Sold June 03, 2022

Last sale price $3,250,000 $896 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $14,197/month

14 Days on Market

Highlights

  • Rooftop Deck
  • 4-minute walk to Franklin Avenue (A,C,S Line)
  • Garden
  • Pre War Building
  • Patio
  • 4-minute walk to John Hancock Playground

About This Home

As of June 2022

Additional photos coming soon Custom designed and fully renovated with all imaginable upgrades, this 4-story, 2-family home with a fully finished basement and jaw-dropping landscaped roof deck with picture perfect views of NYC is at the crossroads of Bed Stuy and Clinton Hill. The property is comprised of a spacious and luxurious upper Owner's triplex which includes 4 bedrooms, 3.5 bathrooms and an expansive bluestone patio and landscaped backyard. The Garden rental is highly desirable with 2 bedrooms, 2 bathrooms, and high end features like central air and a washer/dryer. 79 Madison Street's owner triplex features a luxury kitchen with full size wine refrigerator, top of the line appliances, Subzero beverage drawers, a pot filler, and 4-inch thick Carrera marble countertops and backsplash. The full-floor primary suite is a quiet sanctuary with a large walk-through closet and an oversized bathroom. The 3 bright and spacious bedrooms on the top floor all feature ample closet space and beautiful cityscape and blue sky views. Fully upgraded with all the bells and whistles including Nest and Control4 home automation, Fios, central heating/cooling, hardwood floors throughout and a full size washer/dryer, this home leaves nothing to be desired. Conveniently located next to the Franklin A/C trains, Bedford/Nostrand G train, 79 Madison presents a quick and easy commute around Brooklyn or into Manhattan. This home is also steps from some of Bed Stuy's best destinations including Speedy Romeo, Fan Fan Doughnuts, Chilo's, and Dynaco, as well as countless local shops and boutiques.

Last Agent to Sell the Property

Eric Sidman

Compass License #10301208200 Listed on: 03/25/2022

Compass

Co-Listed By

Cathleen Katt

Compass License #10401335546

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 17.0 x 100.0
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 3,626 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • Patio

Listing and Financial Details

  • Legal Lot and Block 58 / 1988

Community Details

Overview

  • Bedford Stuyvesant Subdivision

Amenities

  • Rooftop Deck
  • Building Patio

Home Details

Home Type

Single Family

Year Built

Built in 1899

Lot Details

1,699 Sq Ft Lot

Listing Details

  • Cross Street: Franklin Avenue/Bedford Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Living Area: 3626.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Bathrooms Integer: 6
  • Bedrooms: 6

Exterior Features

  • Exterior Features: Building Roof Deck, Garden
  • Patio/Porch Features: Building Patio, Patio

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 17.0 x 100.0

Building Info

  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 1988
  • Tax Lot: 58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2022
Closed on
Jun 3, 2022
Sold by
79 Madison Street Llc
Bought by
The Meethal Kallazhi Family Trust and Vasu, As Trustee, Madhu Kallazhi
Seller's Agent
Eric Sidman
Compass
List Price
$3,250,000
Sold Price
$3,250,000
Current Estimated Value
$2,633,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$616,230
Avg. Annual Appreciation
-5.41%
Original Mortgage
$1,800,000
Outstanding Balance
$1,713,152
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$920,618

Purchase Details

Closed on
Oct 18, 2019
Sold by
Costello Justin
Bought by
79 Madison Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2019
Sold by
Madison 79 Llc
Bought by
Costello Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2018
Sold by
Campbell Joan and Campbell Michael
Bought by
Madison 79 Llc

Purchase Details

Closed on
Dec 17, 1999
Sold by
Hamid Timothy
Bought by
Campbell Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,750
Interest Rate
8.15%

Purchase Details

Closed on
Jun 25, 1999
Sold by
Taylor Sydney
Bought by
Hansraj Jitindra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.8%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Meethal Kallazhi Family Trust $3,250,000 --
79 Madison Street Llc -- --
Costello Justin $2,525,000 --
Madison 79 Llc $645,000 --
Campbell Michael $215,000 --
Hansraj Jitindra $120,000 First American Title Ins Co
Hamid Timothy $200,000 Stewart Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Meethal Kallazhi Family Trust $1,800,000
Previous Owner Costello Justin $770,000
Previous Owner Campbell Michael $182,750
Previous Owner Hamid Timothy $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2022 06/03/22 Sold $3,250,000 0.0% $896 / Sq Ft
03/25/2022 03/25/22 For Sale $3,250,000 -- $896 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $7,705 $136,560 $20,820 $115,740
2024 $7,705 $107,880 $20,820 $87,060
2023 $7,791 $109,620 $20,820 $88,800
2022 $7,585 $116,880 $20,820 $96,060
2021 $4,551 $102,420 $20,820 $81,600
2019 $4,060 $114,600 $20,820 $93,780
2018 $3,658 $19,407 $4,732 $14,675
2017 $3,594 $19,102 $7,348 $11,754
2016 $3,293 $18,022 $9,362 $8,660
2015 $1,954 $17,002 $7,427 $9,575
2014 $1,954 $16,173 $8,255 $7,918
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10779202

Real Estate Board of New York (REBNY)

APN: 01988-0058

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