Score
0Brooklyn, NY
177 Madison St
3.1M
6 beds
5 baths
3,495 sqft
6 bd • 5 ba • 3,495 sf
This analysis was generated on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$3,138,500
Price/Sq.Ft
$898
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Spacious Size: With 3,495 square feet, the property offers ample living space for larger families or those who value extra room.
• Multiple Bedrooms and Bathrooms: Featuring 6 bedrooms and 5 bathrooms, the property provides convenience and privacy for multiple occupants.
• Location in Brooklyn: Being located in Brooklyn offers access to a wide range of amenities, services, and cultural attractions.
The Bad
• High Price per Square Foot: At $898 per square foot, the property is priced higher than some other areas in Brooklyn, which may deter value-conscious buyers.
• Unknown Construction Year: The absence of the construction year raises concerns about the property's condition and potential maintenance needs. Older properties may require significant renovations.
• Lack of Property Details: The missing property description, room details, and utility information make it difficult to assess the property's suitability. Buyers will need to gather additional information.
The Ugly
• High Purchase Price: At $3,138,500, the property represents a significant financial investment, potentially limiting the pool of eligible buyers.
• Potential for High Property Taxes: Brooklyn's high property taxes can substantially increase the overall cost of ownership, making it less affordable.
• Unknown Condition: Without knowing the construction year or having property details, there's a risk of hidden issues that could require costly repairs or renovations.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Large Families: The property features 6 bedrooms and 5 bathrooms, offering ample space for larger families. Its location in Brooklyn also provides access to various amenities and services suitable for family living.
• Buyers Seeking Rental Income: With multiple bedrooms and bathrooms, the property could be suitable for renting out individual rooms or sections, potentially generating rental income to offset mortgage costs.
• Buyers Comfortable with High Property Taxes: Those who have factored in high property taxes typical of Brooklyn and are prepared for potential future increases will find this property suitable.
Not For
• Buyers on a Tight Budget: The high price point ($3,138,500) and potential for high property taxes make this property less suitable for buyers with limited financial resources.
• Buyers Seeking Low-Maintenance Properties: Given the unknown age of the property, there might be maintenance challenges and potential renovations needed, which would not be ideal for buyers looking for a hassle-free purchase.
• Buyers Averse to High-Density Urban Living: Those who prefer quieter, less congested environments might find the urban setting of Brooklyn less appealing.
Demographics
Area Median Income
$84,661
Property History
Price History
Ownership Timeline
$2,900,000Financed
Jun 7, 2021177 Madison Realty, LlcEric A Hurkman
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jun 19, 2019Mikael Rapaport177 Madison Realty Llc
Deed
Non-Arm's Length Transactions
$1,300,000Cash Purchase
May 23, 2019Awilda Catus, Boyd Dennis ParrottMikael Rapaport
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jan 5, 1994Margaret Jenkins, Sarah ParrottSarah Parrott, Odell Roebuck
Other
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
3.8/10
Below AverageMiddle
4.4/10
AverageHigh
2.0/10
Below AverageFinancials
Monthly Costs
Market Rent (6 bed)
Get a detailed estimate on Zillow$2,240
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$3,138,500
Price/sqft
$898
Layout
6 bd•5 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$2,619,083
19.8%
Your price is 19.8% above average
Median Price
$2,887,000
8.7%
Based on 6 recent sales
Price per Sq.Ft
$761
18.0%
Your price is 18.0% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 742 Lincoln Place, NewYorkCity, NY 11216 | $2,950,000 | 3,249 | 5 | 5 | $9081.1% | 10/23/2024 |
| 167 Putnam Avenue #MF, NewYorkCity, NY 11216 | $3,027,500 | 3,010 | 5 | 5 | $1,00612.0% | 9/5/2024 |
| 381 Greene Avenue #1, Brooklyn, NY 11216 | $2,100,000 | 3,600 | 6 | 4 | $58335.0% | 12/4/2024 |
| 1437 Pacific Street, Brooklyn, NY 11216 | $2,250,000 | 4,000 | 6 | 4 | $56337.4% | 12/4/2024 |
| 1433 Dean Street, NewYorkCity, NY 11213 | $2,500,000 | 3,370 | 5 | 4 | $74217.4% | 10/24/2024 |
| 203 Halsey Street, NewYorkCity, NY 11216 | $2,887,000 | 3,778 | 7 | 6 | $76414.9% | 11/6/2024 |
742 Lincoln Place, NewYorkCity, NY 11216
Price: $2,950,000
Sq.Ft: 3,249
Beds/Baths: 5/5
$/Sq.Ft:
$9081.1%
Sale Date: 10/23/2024
167 Putnam Avenue #MF, NewYorkCity, NY 11216
Price: $3,027,500
Sq.Ft: 3,010
Beds/Baths: 5/5
$/Sq.Ft:
$1,00612.0%
Sale Date: 9/5/2024
381 Greene Avenue #1, Brooklyn, NY 11216
Price: $2,100,000
Sq.Ft: 3,600
Beds/Baths: 6/4
$/Sq.Ft:
$58335.0%
Sale Date: 12/4/2024
1437 Pacific Street, Brooklyn, NY 11216
Price: $2,250,000
Sq.Ft: 4,000
Beds/Baths: 6/4
$/Sq.Ft:
$56337.4%
Sale Date: 12/4/2024
1433 Dean Street, NewYorkCity, NY 11213
Price: $2,500,000
Sq.Ft: 3,370
Beds/Baths: 5/4
$/Sq.Ft:
$74217.4%
Sale Date: 10/24/2024
203 Halsey Street, NewYorkCity, NY 11216
Price: $2,887,000
Sq.Ft: 3,778
Beds/Baths: 7/6
$/Sq.Ft:
$76414.9%
Sale Date: 11/6/2024
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