Brooklyn (Bedford-Stuyvesant), NY, 11221 | $2,795,000

497 Madison Street is a four-story, two-family Brownstone, originally constructed in 1931. This newly renovated sizable home offers great location and impeccable details, an honorable salute to its past. This home features 7 bedrooms, 4 full bathrooms, 2 powder rooms, a large parlor deck, an expansive backyard garden, and a finished high-ceiling cellar. Entering the upper triplex, 5-bed 3-full bath 2-half bath home an elegant and wide stairwell greets you into the home through a double door foyer. To the left, the living area features a decorative fireplace. Further in, the dining area is adjacent to the open-layout kitchen. To the right, you’ll find a powder room conveniently tucked away. The kitchen features an island, custom cabinetry, double sinks, and a full complement of stainless steel appliances. From the kitchen, you can step outside to the extended deck and lovely backyard. Up the stairs, on two separate floors, you will find five bedrooms and three full baths. The very spacious primary bedroom faces the serene backyard and features three windows, a walk-in closet with built-in shelving, and a dressing area. The five-fixture primary bath is adorned with a tasteful double vanity, a glass-enclosed double shower, and a soaking tub. Down the hall, another beautiful spacious bedroom that can be used as a home office or nursery. In the hallway, you’ll find the washer and dryer closet. On the third floor, an additional en-suite bedroom with a bathroom and a walk-in closet and two smaller bedrooms facing the backyard. In the hallway, there is another full bathroom with a soaking tub. The private cellar can be accessed under the stoop, through a separate entrance, and is finished with tile floors and another powder room. It can easily be transformed into a playroom, media den, or artist studio or added to the in-law / rental unit. The separate garden floor two-bedroom unit can serve as an income-producing property or in-law apartment. This masterfully re-imagined townhouse is located on a beautiful, tree-lined street in the heart of Bedford-Stuyvesant. You are moments away from great dining establishments such as Chez Oskar, Saraghina, and Peaches and three local parks that feature playgrounds, basketball, and tennis courts. Nearby public transportation includes the A/C at Utica & J train at Halsey. JFK is a short 20-minute drive.

Features

  • Town: Brooklyn
  • Rooms: 15
  • Bedrooms: 7
  • Baths: 4 full / 2 half
  • Units: 2
  • Lot Size: 20.000000x100.000000
  • Laundry: In Unit,See Remarks
  • Style: Walk-Up
  • Year Built: 1931
  • Cooling: Central Air,Other
  • Approx Sq. Feet: 4,100
  • Lot Size: 20.000000x100.000000
  • Est. Taxes: $4,728
  • Pet Policy: Building No,Cats OK,Dogs OK
  • Appliances: Dryer,Dishwasher,Range,Refrigerator,Range Hood,Stainless Steel Appliance(s),Washer
  • MLS#: COMP-152050839826037
  • Days on Market: 255 days
  • Website: https://www.raveis.com
    /prop/COMP-152050839826037/497madisonstreet_brooklyn_ny?source=qrflyer
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All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass   Phone: (212) 913-9058

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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Brooklyn (Bedford-Stuyvesant), NY, 11221

$2,795,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,236,000 $2,236,000 $2,236,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.375% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.229% 6.486% 6.307%
Monthly Tax Payment $394 $394 $394
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,872 $13,950 $19,020
Total Monthly Payment $13,391 $14,469 $19,539

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.