NOT LISTED FOR SALE

86 Madison St Brooklyn, NY 11216

Bed-Stuy Neighborhood

Estimated Value: $1,755,000 - $3,778,331

6 Beds
4 Baths
3,040 Sq Ft
$949/Sq Ft Est. Value

Last Sold September 21, 2022

Last sale price $1,840,000 $605 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $15,556/month

37 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 September 2022

Stately built 20 ft wide 4 stories townhouse is located at the border of Clinton Hill and Bedstuy. This brick building is built on 20 x 100 lot with foot print of 20 x 38 yielding more than 3000 SQFT, plus high ceiling finished windowed basement . Currently being used as a lower triplex and 2 rentals on the top floor. This stately built 2 family could be a dream home for a savvy buyer who is not afraid to live in the unit and perform some work little by little to convert this into the home they were looking for. This could also be a great fit for developers who could convert this into a finished product or a condo development.

Conveniently located at the border of Clinton Hill and Bedford Stuyvesant only a few blocks away from A&C train at Bedford Ave, C & S shuttle S train at Franklin Ave and G train at Bedford/Lafayette stop. This part of town is saturated with its bar, cafe, restaurants , super markets and Gym.

Last Agent to Sell the Property

Kashif Khan

Compass License #10401232424 Listed on: 03/27/2022

Compass

Co-Listed By

Kristen Jock

Compass License #10301209234

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,180

Year Built

  • Built in 1905

Lot Details

  • Lot Dimensions are 20.0 x 100.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,040 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Community Details

  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Legal Lot and Block 13 / 1990

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,180

Year Built

Built in 1905

Lot Details

0

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: 3040.0
  • Living Area Units: Square Feet
  • Rooms (Total): 10

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • Total Stories: 3
  • Year Built: 1905

Tax Info

  • Tax Block: 1990
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2022
Closed on
Sep 21, 2022
Sold by
Aktar Jesmin and Noble Nasir
Bought by
Local Addition Llc
Seller's Agent
Kashif Khan
Compass
List Price
$1,800,000
Sold Price
$1,840,000
Premium/Discount to List
$40,000
2.22%
Views
3
Current Estimated Value
$2,885,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,045,583
Avg. Annual Appreciation
14.67%
Original Mortgage
$650,000
Outstanding Balance
$624,608
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,146,183

Purchase Details

Closed on
Jul 23, 2018
Sold by
Noble Nasir
Bought by
Aktar Jesmin and Noble Nasir

Purchase Details

Closed on
Dec 2, 2004
Sold by
Chase Manhattan Mortgage Corporation
Bought by
Secretary Of Housing And Urban Developme

Purchase Details

Closed on
Jul 21, 1999
Sold by
Cooper Ira
Bought by
Chase Manhattan Mortgage Corporation

Purchase Details

Closed on
Oct 10, 1997
Sold by
Freeman Frankie
Bought by
Cruz Gregorio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,650
Interest Rate
7.28%
Mortgage Type
FHA
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
Local Addition Llc $1,840,000 --
Local Addition Llc $1,840,000 --
Aktar Jesmin -- --
Aktar Jesmin -- --
Secretary Of Housing And Urban Developme $180,703 --
Secretary Of Housing And Urban Developme $180,703 --
Chase Manhattan Mortgage Corporation $180,703 --
Chase Manhattan Mortgage Corporation $180,703 --
Cruz Gregorio $165,000 First American Title Ins Co
Freeman Frankie $120,000 First American Title Ins Co
Freeman Frankie $120,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Local Addition Llc $71,000
Open Local Addition Llc $364,000
Open Local Addition Llc $650,000
Open Local Additon Llc $1,564,000
Closed Local Addition Llc $650,000
Previous Owner Freeman Frankie $163,650
Previous Owner Freeman Frankie $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2022 09/21/22 Sold $1,840,000 +2.2% $605 / Sq Ft
05/05/2022 05/05/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $1,800,000 -- $592 / 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 $2,180 $127,260 $13,680 $113,580
2024 $2,180 $109,020 $13,680 $95,340
2023 $2,080 $118,680 $13,680 $105,000
2022 $1,644 $130,020 $13,680 $116,340
2021 $1,626 $114,660 $13,680 $100,980
2020 $808 $130,620 $13,680 $116,940
2019 $1,220 $103,860 $13,680 $90,180
2018 $1,442 $8,536 $1,022 $7,514
2017 $1,343 $8,060 $1,522 $6,538
2016 $1,212 $7,612 $1,941 $5,671
2015 $697 $7,612 $1,757 $5,855
2014 $697 $7,538 $2,088 $5,450
Source: Public Records

Agents Affiliated with this Home

  • Kashif Khan

    Seller's Agent in 2022

    Kashif Khan

    Compass

    (718) 909-8003

    5 in this area

    27 Total Sales

    Kashif Khan
    Section Image
  • Kristen Jock

    Seller Co-Listing Agent in 2022

    Kristen Jock

    Compass

    (518) 859-3056

    4 in this area

    34 Total Sales

    Kristen Jock
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10857589

Real Estate Board of New York (REBNY)

APN: 01990-0013

New York Kings County Brooklyn 11216 Bed-Stuy

86 Madison St, Brooklyn, NY

This home is located at 86 Madison St, Brooklyn, NY 11216 since 27 March 2022 and is currently estimated at $2,885,583, approximately $949 per square foot. This property was built in 1905. 86 Madison St is a home located in Kings County with nearby schools including P.S. 3 - The Bedford Village, Clara Muhammad School Of Masjid Khalifah, and Tabernacle Elementary School.

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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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