784 Madison St #1B
About This Property
784 Madison St is a Green LEED certified building. Renovations have brought the best of modern energy efficient living to the 1930s brick townhouse building, Building security and Secured front door locks provide safe entrance to units and common areas in the lower level where there is a modern full service laundry room, and storage for owners. A common back yard joins three sister buildling's space together for a massive area to enjoy the yard, the trees, and the sunshine. Parking is easy, because of the park across the street!
J52 tax abatement for 7 more years. Commons charges include water.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2022 | Sold | ||
| Sold | |||
| May 12, 2022 | In contract | - | |
| In contract | |||
| Apr 4, 2022 | Listed by Compass | $710,000 | |
| Listed by Compass | |||
| | |||
|
Welcome to 784 Madison Street, Unit 1B a rare combination of affordability, space and charm. This 3-bedroom, duplex condo was renovated from top to bottom in 2011 with recessed lighting and hardwood floors and stylishly updated just this year. The garden level features a remodeled kitchen with pretty blue and white cabinetry offset by clean, white quartz countertops, classic subway tile backsplash, and white appliances including a dishwasher and gas range. The overall effect is both modern and inviting. The kitchen opens up to a dedicated dining space large enough to seat 6-8 comfortably. In the front of the garden level is a sizable bedroom with lovely arched windows overlooking P.O. Renaldo Segrado Playground offering a wide, sky-filled view with no buildings across the street. In the rear of the apartment is the sunny, south-facing living room which overlooks possibly the largest backyard in Bedford Stuyvesant! The giant, shared backyard is underutilized which leaves you with almost your own massive outdoor space for pets, kids, or the kid in you. A classically-tiled full bath completes the garden level. Upstairs includes 2 more bedrooms and a half bath. There are a total of 6 closets in the apartment PLUS there is a deeded storage space just 1 flight downstairs, where you'll also conveniently find the laundry room. Hot-water baseboard heat is efficient and has separate controls for each floor.
Get ready for summer because 784 Madison St, is located across the street from P.O. Renaldo Segrado Playground, minutes to Saratoga Park, and the recently renovated Jesse Owens Playground featuring a built-in pool. If the backyard is not large enough for your green thumb, you'll find Citizens for a Better Community Garden just a block away.
In addition to the many green spaces, 784 Madison St is located in the heart of Stuyvesant East with nearby hot-spots such as Toad Style, Chez Alex, Marian's Brooklyn, L'Antagoniste, Greedi Kitchen, Grandchamps, among many other Bed Stuy and Bushwick eateries and shopping. The J/Z/A/C trains are a 5-10 minute walk. J-51 tax abatement through mid 2030. Maintenance is $760pm plus a temporary assessment of $200 in effect for 3 years.
| |||
| Jun 22, 2017 | Sold | ||
| Sold | |||
| Mar 21, 2017 | Listed by KWNYC Tribeca | $735,000 | |
| Listed by KWNYC Tribeca | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/02/2022
|
2 Bed
|
2 Bath
|
-
|
$795,000
2 Bed
2 Bath
|
-
-
|
Richard Amato
Keller Williams Points North
| |
|
04/04/2022
|
3 Bed
|
2 Bath
|
1056 ft²
|
$710,000
3 Bed
2 Bath
1056 ft²
|
$710,000
06/30/2022
|
Morgan Munsey
Compass
| |
|
11/12/2021
|
2 Bed
|
1 Bath
|
725 ft²
|
$625,000
2 Bed
1 Bath
725 ft²
|
$625,000
03/22/2022
|
Iv Suriano
Compass
| |
|
07/09/2021
|
3 Bed
|
2 Bath
|
-
|
$550,000
3 Bed
2 Bath
|
$560,000
+1.82%
10/26/2021
|
Carol Castle
KWNYC Midtown
| |
|
07/09/2021
| |
3 Bed
|
2 Bath
|
1083 ft²
|
$550,000
3 Bed
2 Bath
1083 ft²
|
-
-
|
Carol Castle
KWNYC Midtown
|
|
07/30/2017
| |
2 Bed
|
1 Bath
|
-
|
-
2 Bed
1 Bath
|
-
-
|
-
|
|
06/30/2017
|
2 Bed
|
1 Bath
|
-
|
$439,000
2 Bed
1 Bath
|
$425,000
-3.19%
11/13/2017
|
Laura Riportella
Douglas Elliman Real Estate
| |
|
03/21/2017
|
2 Bed
|
1.5 Bath
|
1056 ft²
|
$735,000
2 Bed
1.5 Bath
1056 ft²
|
$735,000
06/22/2017
|
Carol Castle
KWNYC Midtown
|
Building Info
- 18 Units
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017