NOT LISTED FOR SALE

Estimated Value: $1,888,901 - $3,276,000

5 Beds
7 Baths
2,700 Sq Ft
$907/Sq Ft Est. Value

Last Sold August 02, 2019

Last sale price $2,015,000 $746 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $13,577/month

309 Days on Market

Highlights

  • Pre War Building
  • Building Patio
  • 3-minute walk to Hattie Carthan Playground
  • Intercom
  • Patio

About This Home

As of August 2019

A gut-renovated 2-family townhouse nestled on a charming, tree-lined street in Bedford-Stuyvesant, 394 Madison is an exemplar of contemporary Brooklyn living. Features of the home include a picturesque brownstone fac ade, gorgeous hardwood floors, airy ceilings, exposed brick walls, recessed lighting, a finished basement, a lush backyard with a beautiful tree and a new fence, a luxurious owner?s duplex, and an income-producing rental unit.

The parlor level of the 3-bedroom, 3-bathroom owner?s duplex begins with a tasteful foyer adorned with a large coat closet and then flows into a floor-through, open-concept living room, dining room, and kitchen. The living room boasts a decorative fireplace with a redbrick surround, while the kitchen leads out onto a private patio with access to the garden. The kitchen is equipped with a massive eat-in island, stone countertops, a stone tile backsplash, and a suite of high-end stainless steel appliances. A windowed powder room finishes the lower level.

The upper level of the duplex features a sky lit landing and a trio of spacious bedrooms. The master bedroom possesses a walk-in closet, an additional reach-in closet, a private patio overlooking the backyard, and a pristine en-suite bathroom with a glass-enclosed walk-in shower. The second and third bedrooms each have private closet space and share a large full bathroom. The owner?s unit also has access to a roomy finished basement with a huge closet and a powder room.

The garden-level rental unit contains 2 bedrooms, 2 bathrooms, access to the backyard, and an open-concept living room and kitchen. The kitchen features stone countertops and backsplashes and a suite of stainless steel appliances.

394 Madison Street sits just steps from all the restaurants, bars, cafes, and shops that line Tompkins and Throop Avenue. It is close to Raymond Bush Playground and Herbert Von King Park, and is a short walk to the A and C subway lines.

Last Agent to Sell the Property

Sara Golan

Serhant License #10301215946 Listed on: 07/24/2018

Serhant

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,379

Year Built

  • Built in 1899

Lot Details

  • 2,004

Home Design

  • Pre War Building

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • Patio
  • Lot Dimensions are 20.0 x 100.0

Community Details

  • Bedford Stuyvesant Subdivision
  • Building Patio

Listing and Financial Details

  • Legal Lot and Block 26 / 1825

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,379

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Tompkins Avenue/Throop 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: 2

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 2700.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Bathrooms Integer: 5
  • Bedrooms: 5

Exterior Features

  • Patio/Porch Features: Building Patio, Patio

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • Total Stories: 2
  • Year Built: 1899

Tax Info

  • Tax Block: 1825
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2018
Closed on
Aug 2, 2019
Sold by
Madison 3 Equities Llc
Bought by
Greenberg Benjamin L and Selzer Greenberg Janine
Seller's Agent
Sara Golan
Serhant
List Price
$2,015,000
Sold Price
$2,015,000
Current Estimated Value
$2,448,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$433,475
Avg. Annual Appreciation
3.16%
Original Mortgage
$1,612,000
Outstanding Balance
$1,405,671
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,042,804

Purchase Details

Closed on
Jan 24, 2018
Sold by
Eugene Peters and The Estate Of Mary Peters
Bought by
Madison 3 Equities Llc

Purchase Details

Closed on
May 11, 2016
Sold by
Mary Peters and Mary Peters
Bought by
Madison 3 Equities Llc

Purchase Details

Closed on
Feb 22, 2007
Sold by
Peters Mary E
Bought by
Velasquez Radamex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$639,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
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
Greenberg Benjamin L $2,015,000 --
Madison 3 Equities Llc $175,000 --
Madison 3 Equities Llc -- --
Velasquez Radamex $710,000 --
Velasquez Radamex $710,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenberg Benjamin L $1,612,000
Previous Owner Velasquez Radamex $639,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2019 08/02/19 Sold $2,015,000 0.0% $746 / Sq Ft
05/31/2019 05/31/19 Pending -- -- --
07/25/2018 07/25/18 For Sale $2,015,000 -- $746 / 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 $8,379 $131,340 $15,840 $115,500
2024 $8,379 $103,740 $15,840 $87,900
2023 $8,189 $91,680 $15,840 $75,840
2022 $7,785 $96,660 $15,840 $80,820
2021 $7,943 $106,020 $15,840 $90,180
2020 $2,192 $89,880 $15,840 $74,040
2019 $4,347 $82,560 $15,840 $66,720
2018 $3,999 $19,615 $3,579 $16,036
2017 $3,773 $18,511 $4,340 $14,171
2016 $3,491 $17,464 $5,528 $11,936
2015 $2,106 $17,464 $6,217 $11,247
2014 $2,106 $17,317 $7,397 $9,920
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10439373

Real Estate Board of New York (REBNY)

APN: 01825-0026