NOT LISTED FOR SALE

Estimated Value: $1,288,000 - $3,121,000

6 Beds
7 Baths
2,312 Sq Ft
$1,071/Sq Ft Est. Value

Last Sold March 14, 2019

Last sale price $2,575,000 $1,114 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $13,800/month

31 Days on Market

Highlights

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

About This Home

As of March 2019

Remarkable and classically gut renovated 4-story, 2-family brick townhouse located between prime Franklin and Bedford Ave's in the most sought after Bedford Stuyvesant location. Herringbone style hardwood floors, custom bathrooms and multidimensional ceiling are just some of the eye catching details that make this 4 bedroom, 4.5 bathroom owners triplex extremely warm and inviting yet functional. At the rear the open chefs kitchen wouldn't be complete without the accordion style windows that fully open the rear to the deck and garden. Top-of-the-line stainless steel appliances including Wolf stove/oven, Subzero refrigerator, Bosch dishwasher, sleek microwave and wine fridge, plus floor-to-ceiling cabinetry with various cabinet sizes for ample storage and center island with bar stool seating. Just one flight up on the 2nd floor the master suite is situated in the rear with a large bedroom, walk-in closet and lavish full bathroom with deep soaking bathtub, stand up shower and dual sink vanity. This floor also has another large bedroom, full bathroom and washer/dryer closet in the hallway. The top floor is home to two additional large bedrooms one located in the front and the other in the rear both with full bathrooms plus an office in between. Last but not least there is a roof deck with Brooklyn treetop and Manhattan city views. Comparable to the triplex in detail and level of finish the 2 bed, 2 bath garden rental occupies the ground floor with open living/dining/kitchen layout with large center island with bar stool seating, stainless steel appliances, floor-to-ceiling cabinetry and solid hardwood floors. The owner's triplex has access to the spacious finished basement and can be used as more than just a good place for storage with its high ceilings, additional washer/dryer hook up for the tenant and half bathroom. Both units are fully upgraded with central heating/cooling systems and washer/dryer hook ups. 83 Madison Street is situated among some of the best restaurant and cafes in the area including highly acclaimed Hart's restaurant around the corner plus easy access to the A/C and G trains.

Co-Listed By

David Beegun

Corcoran Group License #10401261934

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,293

Year Built

  • Built in 1899

Lot Details

  • 1,699

Home Design

  • Pre War Building

Interior Spaces

  • 4-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Community Details

  • 2 Units
  • Bedford Stuyvesant Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,293

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Franklin Avenue & Bedford Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Rooms (Total): 15

Beds/Baths

  • Bathrooms Integer: 7
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 4
  • Year Built: 1899

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2019
Closed on
Mar 14, 2019
Sold by
83 Madison Llc
Bought by
Hari Kitamura Katie and Hari Kunzru
List Price
$2,595,000
Sold Price
$2,575,000
Premium/Discount to List
-$20,000
-0.77%
Current Estimated Value
$2,476,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$98,972
Avg. Annual Appreciation
-1.24%
Original Mortgage
$975,000
Outstanding Balance
$858,945
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,515,347

Purchase Details

Closed on
Apr 27, 2018
Sold by
Mosley Jacqueline
Bought by
83 Madison Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 13, 2000
Sold by
Hope Development Corp
Bought by
Smith Edward and Mosley Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,850
Interest Rate
7.94%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 14, 1995
Sold by
71St Street Realty Corp
Bought by
Mcanuff Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,500
Interest Rate
9.19%
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
Hari Kitamura Katie $2,575,000 --
83 Madison Llc $5,000 --
83 Madison Llc $750,000 --
Smith Edward $259,000 --
Mcanuff Kenneth $77,500 Title Usa Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hari Kitamura Katie $975,000
Previous Owner 81 Madison Llc $500,000
Previous Owner 81 Madison Llc $550,000
Previous Owner 83 Madison Llc $750,000
Previous Owner Smith Edward $19,144
Previous Owner Smith Edward $256,850
Previous Owner Mcanuff Kenneth $70,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2019 03/14/19 Sold $2,575,000 -0.8% $1,114 / Sq Ft
02/12/2019 02/12/19 Pending -- -- --
01/11/2019 01/11/19 For Sale $2,595,000 -- $1,122 / 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 $7,293 $120,240 $17,340 $102,900
2024 $7,293 $94,980 $17,340 $77,640
2023 $7,374 $116,520 $17,340 $99,180
2022 $7,066 $93,300 $17,340 $75,960
2021 $7,111 $89,580 $17,340 $72,240
2020 $5,333 $83,040 $17,340 $65,700
2019 $5,102 $78,120 $17,340 $60,780
2018 $1,739 $24,391 $4,044 $20,347
2017 $3,008 $23,628 $6,180 $17,448
2016 $2,733 $22,292 $7,010 $15,282
2015 $2,179 $21,031 $9,870 $11,161
2014 $2,179 $20,326 $11,447 $8,879
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10511619

Real Estate Board of New York (REBNY)

APN: 01988-0056