NOT LISTED FOR SALE

Estimated Value: $2,043,000 - $2,875,000

4 Beds
4.5 Baths
3,510 Sq Ft
$723/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $2,320,000 $661 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $14,039/month

2,593 Days on Market

Highlights

  • Pre War Building
  • Laundry Facilities
  • 5-minute walk to Hattie Carthan Playground

About This Home

As of April 2021

Welcome to this luxury 4 story a gut-renovated two-family townhouse nestled in the heart of Bedford-Stuyvesant, 197 Madison Street blends contemporary Brooklyn luxury with superb income potential. The owners' triplex plus cellar begins with an expansive open-concept parlor level with a powder room and a spacious coat closet. Features of the house include: gorgeous hardwood flooring, central heating and cooling, Le Grand light switches, a lush backyard, a finished cellar and a laundry room.

The lower level of the 3-bedroom, 3.5-bathroom owner's triplex contains a floor-through, open-concept living room, dining room, and kitchen. The kitchen flows out onto a spacious deck and is equipped with a massive eat-in island, custom Bauformat cabinets, sleek Calacatta marble countertops, and a suite of high-end appliances from Wolf and Sub-Zero.The second floor has a pair of large bedrooms with private closet space and full en-suite bathrooms with Bauformat vanities and Delta fixtures.

The MASTER suite occupies the entire third floor and features a sky lit landing, a cozy sitting area, a huge walk-in closet, and a sublime en-suite bathroom with a concrete double vanity, sinks from Nameeks, porcelain tile floors, custom light fixtures, an enclosed toilet, a double walk-in shower, and a free standing Woodbridge soaking tub.

The garden-level rental unit has 1 bedroom, 1 bathroom, and an open-concept living, dining, and kitchen space. The bedroom has a pair of closets and looks out into the backyard.

197 Madison Street is situated on a picturesque, tree-lined street in Bedford-Stuyvesant. The home is just steps from all the restaurants, bars, cafes, and shops that line Nostrand and Bedford Avenues, and is a short walk to Herbert Von King Park. Nearby subway lines include the A/C/G.'

Last Agent to Sell the Property

Sara Golan

Serhant License #10301215946 Listed on: 06/18/2020

Serhant

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 16.0 x 100.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,510 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms

Community Details

  • Bedford Stuyvesant Subdivision
  • Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 65 / 1817

Home Details

Home Type

Single Family

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Bedford Avenue/Nostrand Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Architectural Style: Prewar
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Living Area: 3510.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Integer: 5
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area

Lot Info

  • Lot Size Dimensions: 16.0 x 100.0

Building Info

  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 1817
  • Tax Lot: 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Apr 1, 2021
Sold by
197 Madison Realty Llc
Bought by
Fliman Ariel and Mushin Carmel
Seller's Agent
Sara Golan
Serhant
List Price
$2,320,000
Sold Price
$2,320,000
Current Estimated Value
$2,537,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,478
Avg. Annual Appreciation
1.90%

Purchase Details

Closed on
Dec 20, 2018
Sold by
Stuart H Finkelstein Esq
Bought by
Rapaport Mikael

Purchase Details

Closed on
Mar 2, 2016
Sold by
Joseph Cecelia
Bought by
197 Madison Street Llc

Purchase Details

Closed on
Nov 20, 2006
Sold by
Benjamin Lesley
Bought by
Joseph Cecelia

Purchase Details

Closed on
Mar 14, 2006
Sold by
Mcleod Harris Amy June
Bought by
Benjamin Lesley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2005
Sold by
Mckinley Linda and Twitty Bernice
Bought by
Harris-Mcleod Amy June

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,640
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2005
Sold by
Estate Of Annie Mae Slade and Bernice Twitty Exec
Bought by
Twitty Bernice
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
Fliman Ariel $2,320,000 --
Fliman Ariel $2,320,000 --
Fliman Ariel $2,320,000 --
Rapaport Mikael $1,242,265 --
197 Madison Realty Llc -- --
Rapaport Mikael $1,242,265 --
197 Madison Realty Llc -- --
Rapaport Mikael $1,242,265 --
197 Madison Street Llc -- --
197 Madison Street Llc -- --
197 Madison Street Llc -- --
Joseph Cecelia $690,000 --
Joseph Cecelia $690,000 --
Benjamin Lesley $550,000 --
Benjamin Lesley $550,000 --
Harris-Mcleod Amy June $375,000 --
Harris-Mcleod Amy June $375,000 --
Twitty Bernice -- --
Mckinley Linda -- --
Twitty Bernice -- --
Mckinley Linda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benjamin Lesley $444,000
Previous Owner Harris-Mcleod Amy June $359,640
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2021 04/01/21 Sold $2,320,000 0.0% $661 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
01/07/2014 01/07/14 For Sale $2,320,000 -- $661 / 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 $8,932 $139,020 $12,840 $126,180
2024 $8,932 $132,900 $12,840 $120,060
2023 $8,879 $117,480 $12,840 $104,640
2022 $8,585 $128,700 $12,840 $115,860
2021 $2,450 $98,760 $12,840 $85,920
2020 $1,218 $99,900 $12,840 $87,060
2019 $2,404 $80,040 $12,840 $67,200
2018 $2,215 $10,866 $2,525 $8,341
2017 $2,093 $10,268 $1,926 $8,342
2016 $1,940 $9,703 $2,024 $7,679
2015 $1,168 $9,703 $2,598 $7,105
2014 $1,168 $9,578 $3,079 $6,499
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10639892

Real Estate Board of New York (REBNY)

APN: 01817-0065