111 Madison St Brooklyn, NY 11216

$1,785,000

111 Madison Street, Brooklyn NY
111 Madison St
$1,785,000
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111 Madison St
Brooklyn,NY11216(Bedford - Stuyvesant)

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Home Details for 111 Madison St


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111 Madison St This 5-story, 3 unit, brick townhouse is sized at almost 5000 square feet. Currently configured with a 2 bedroom duplex on the first and lower level, a 2 bedroom floor thru on the second floor and a 3 bedroom duplex on the third and fourth floors. Two units offer outdoor space. The first floor apartment has a backyard. The top floor duplex has a roof deck. The vacant duplex on the first floor offers a spacious layout. An open floor with a generous kitchen. 3 full bathrooms with one dedicated master bathroom. The lower duplex with its massive recreational room has a separate mechanical r...oom and a separate laundry room. The rental income is currently $64,800 per year, and will increase to over $100,800 per year with the duplex rented. This rare opportunity is available for both an owner interested in a very special townhouse and an investor seeking a good return. The house is less than 8 years and is in great condition. No work is needed and new appliances for the first floor apartment will be provided. Each unit operates their own mechanicals and are metered independently. Located between Franklin Avenue and Bedford Avenue the house is near all shopping facilities, restaurants and transportation. With great rental income, this spacious house is a rare find. By appointment only.
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Schools
P.s. 3 The Bedford Village
Approaches Standard

Middle School
Below Standard

High School
Approaches Standard
Lowest
Crime
Features for 111 Madison St

Information last updated on 07/10/2014 12:00 AM:
    • Price: $1,785,000
    • 7 Bedrooms
    • 6 full Bathrooms
    • Townhouse
    • Status: For Sale
    • Lot Size: 1,875 sqft
    • Built in 2006
    • Units in Building: 3
    • Neighborhood: Bedford - Stuyvesant
    • MLS/Source ID: 3198311
    • Zip: 11216
    • 4,959 sqft

Public Records for 111 Madison St


Official property, sales, and tax information from county (public) records as of 10/2013:
    • Triplex (3 units, any combination)
    • Built In 2007
    • 1 Building
    • 4,959 sqft
    • Stories: 3 story
    • County: Kings
    • Lot Size: 1,875 sqft
    • 3 Units

Neighborhood Info


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Rate and Review area around 111 Madison St

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            Total ratings: 5,021 | View all ratings
            Last updated 12 hours ago

            Affordability


            Monthly mortgage for 111 Madison St

            Property Taxes and Assessment for 111 Madison St


            Land
            Improvement
            Total
            $26,460
            +
            $13,380
            =
            $39,840
            Land
            Improvement
            Total
            $441,000
            +
            $223,000
            =
            $664,000
            Year Tax Assessment Market
            2013 N/A $39,840  $664,000 
            2012 $5,479 N/A N/A
            Source: Public Records

            Price History & Trends


            Price History for 111 Madison St


            Date Event Price Source Agents
            05/06/2014 Price Change
            -$14K (-0.8%)
            $1,785,000 The Corcoran Group The Corcoran Group  
            05/03/2014 Price Change
            -$1K (-0.1%)
            $1,799,000 The Corcoran Group The Corcoran Group  
            04/03/2014 Price Change $1,800,000 The Corcoran Group The Corcoran Group  
            11/07/2013 Sold view detail $320,840 Public records Public records  
            • Recording Date
              11/07/2013
            • Contract Date
              10/07/2013
            • Sale Price
              $320,840
            • Price Type
              Full amount stated on Document.
            • Transaction Type
              Purchase/Resale Arm's Length Residential Transaction
            • Document Type
              Deed
            01/04/2007 Sold view detail $850,000 Public records Public records  
            • Recording Date
              01/04/2007
            • Contract Date
              12/05/2006
            • Sale Price
              $850,000
            • Price Type
              Full amount stated on Document.
            • Transaction Type
              Purchase/Resale Arm's Length Residential Transaction
            • Document Type
              Deed
            02/03/2006 Sold view detail $240,000 Public records Public records  
            • Recording Date
              02/03/2006
            • Contract Date
              01/10/2006
            • Sale Price
              $240,000
            • Price Type
              Full amount stated on Document.
            • Transaction Type
              Purchase/Resale Arm's Length Residential Transaction
            • Document Type
              Deed

            Compare homes in the area to 111 Madison St

            This Home
            $1,785,000
            VS
            $475,000
            $610,000

            Real Estate Trends in Bedford - Stuyvesant


            Listing price for 111 Madison St $1,785,000  
            Average listing price for similar homes $1,724,633 3% below listing price
            Average sale price for similar homes $1,787,189 0% above listing price
            Average listing price for all homes in Bedford - Stuyvesant $966,138 85% below listing price
            Median sale price for all homes in Bedford - Stuyvesant $475,000 73% below listing price

            Comparables and Estimates around 111 Madison St


            $1,099,500
            4 br / 2 ba
            Single-Family Home
            OPEN HOUSE Sun Oct 16, 2pm to 4pm

            Contact Info

            Agent
            (347) 992-6533

            LISTING

            AGENT

            Broker
            The Corcoran Group
            65 Lafayette Avenue, Brooklyn, NY, 11217
            (800) 544-4055
             
            Inquire about this property


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