1992 East 26th Street, Brooklyn, NY, 11229

SOLD on 12/20/23 for $810K! That’s $11K above asking price! We brought this property, needing a complete gut renovation, to market at $799K on 7/10/23. Several years ago a local doctor recommended us to one of his patients from Manhattan, an attorney, whose wife was the legal guardian of the person (her brother) who owned this house in Madison, Brooklyn. The brother unfortunately had been in a nursing home for some time and would never be going back home. As a result, the Surrogate Court ordered the sale of this house in order to fund the brother’s care. The brother was a hoarder and never maintained or renovated the house over his 40 years of ownership. Needless to say, the preparation to sell this property was very challenging and time consuming on both the legal side and the practical side (extensive clean out, deferred maintenance, upkeep, etc.). After almost 2 years, we were finally able to begin marketing the house last summer. After about 4 weeks of intensive marketing a bidding war ensued. We were then able to put this barely habitable house into contract at $11K over the perfect recommended asking price. Several months later, and after some final approvals from the Court, we closed successfully as we ALWAYS do for our clients. Most importantly though, by achieving this goal we helped to unburden the guardian; Rather than traveling to Brooklyn just to tend to a run-down and vacant property, she’s now able to spend more time visiting her brother who’s comfortably living in a facility near her home in Manhattan. Best of all is that his care has now been fully funded for the rest of his life, and his loving and dutiful sister will no longer be stressed by the uncertainty of the house in Brooklyn or funding his longterm care. God bless them both… Solid brick semi-detached home with shared driveway and oversized detached garage in desirable Madison, just steps from Bedford Avenue. This home offers a rare opportunity for the savvy investor or end user who will surely fully renovate this 3-level home to their exact standards. There are high ceilings and plenty of windows in all rooms allowing sunlight and fresh air to flow throughout the entire home, including the basement. This is a 3-bedroom duplex over a full unfinished basement with separate entrance and full bathroom. The main level features an entry foyer with large coat closet, formal living room, formal dining room, powder room and eat-in-kitchen. There’s also access to the oversized patio from the kitchen. This home sits proudly on a quiet, tree-lined residential block in a highly desirable community. Conveniently located within walking distance of everything. Priced for a quick sale so act fast! Listed exclusively by Calemine & Co. Real Estate.

Details:

Bedrooms: 3

Bathrooms: 3

Property Type: 1-Family House

Building Size: 16’ x 38’

Lot Size: 20’ x 100’

Financials

Price: $799,000

Taxes: $6,792

Listed by: