NOT LISTED FOR SALE

958 Madison St Brooklyn, NY 11221

Bushwick Neighborhood

Estimated Value: $1,487,000 - $2,192,929

9 Beds
7.5 Baths
3,750 Sq Ft
$508/Sq Ft Est. Value

Last Sold April 04, 2022

Last sale price $1,990,000 $531 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $10,574/month

1,070 Days on Market

About This Home

As of April 2022

Wait no longer. This is the turn-key high income producing investment you are looking for. 5% cap rate!

This is a 3 family 18.75 ft X 50 ft house on 18.75 ft X 100 ft lot in Bushwick with impeccable recent renovation.

3 story plus finished basement with separate entrance Lower level.

1st floor : 2 bedroom 1 +1 bathroom and back yard
2nd floor : 3 bedroom 1 +1 bathroom
3rd floor : 3 bedroom 1 +1 bathroom
Cellar floor : finished with washer and dryer for the building

All 3 apartments feature gourmet kitchen with quartz counters and central air. All units are tenant occupied now with legal leases until June 2022.

Set up sheet available upon request.

Last Agent to Sell the Property

Wendy Juan

Douglas Elliman Real Estate License #10401316856 Listed on: 01/11/2022

Douglas Elliman Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 18.0 x 100.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,750 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms

Community Details

  • Bushwick Subdivision

Listing and Financial Details

  • Legal Lot and Block 15 / 3366

Home Details

Home Type

Single Family

Year Built

Built in 1901

Lot Details

1,873 Sq Ft Lot

Listing Details

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

Interior Features

  • Living Area: 3750.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Bathrooms Integer: 8
  • Bedrooms: 9

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 18.0 x 100.0

Building Info

  • Total Stories: 3
  • Year Built: 1901

Tax Info

  • Tax Block: 3366
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2022
Closed on
Apr 4, 2022
Sold by
958 Madisonqms Llc
Bought by
Moitt Althea and Moitt Eustace
Seller's Agent
Wendy Juan
Douglas Elliman Real Estate
Sold Price
$1,990,000
Current Estimated Value
$1,903,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$86,268
Avg. Annual Appreciation
-1.11%
Original Mortgage
$1,246,000
Outstanding Balance
$1,175,436
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$728,296

Purchase Details

Closed on
Apr 13, 2020
Sold by
Tang Tiandong
Bought by
958 Madisonqms Llc

Purchase Details

Closed on
Sep 17, 2019
Sold by
Telsey Gregg
Bought by
Tang Tiandong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,189,500
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2017
Sold by
958 Madison Street Llc
Bought by
Telsey Gregg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,000
Interest Rate
4.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2014
Sold by
Hicks Mildred
Bought by
958 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
$560,000
Interest Rate
4.27%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Moitt Althea $1,990,000 --
958 Madisonqms Llc -- --
Tang Tiandong $1,830,000 --
Telsey Gregg -- --
958 Madison Street Llc $452,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moitt Althea $1,246,000
Previous Owner Tang Tiandong $1,189,500
Previous Owner Telsey Gregg $925,000
Previous Owner 958 Madison Street Llc $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/04/2022 04/04/22 Sold $1,990,000 0.0% $531 / Sq Ft
01/11/2022 01/11/22 For Sale -- -- --
08/18/2019 08/18/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $1,990,000 -- $531 / 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 $8,033 $95,100 $9,720 $85,380
2024 $8,033 $92,940 $9,720 $83,220
2023 $7,713 $82,140 $9,720 $72,420
2022 $7,152 $86,220 $9,720 $76,500
2021 $7,113 $77,400 $9,720 $67,680
2020 $3,499 $82,080 $9,720 $72,360
2019 $6,972 $77,220 $9,720 $67,500
2018 $6,672 $32,730 $3,713 $29,017
2017 $6,556 $32,163 $4,702 $27,461
2016 $2,172 $10,865 $2,310 $8,555
2015 $1,100 $9,129 $2,247 $6,882
2014 $1,100 $9,031 $2,670 $6,361
Source: Public Records

Agents Affiliated with this Home

  • Wendy Juan

    Seller's Agent in 2022

    Wendy Juan

    Douglas Elliman Real Estate

    (646) 251-8137

    3 in this area

    29 Total Sales

    Wendy Juan
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10766238

Real Estate Board of New York (REBNY)

APN: 03366-0015

New York Kings County Brooklyn 11221 Bushwick

958 Madison St, Brooklyn, NY

Not Listed for Sale

Detached

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