Check Availability
$675,000
↓ $50K (6.9%)
Land - For Sale

1242 Madison Street

Brooklyn, NY 11221
bedrooms
Studio
bathrooms
0 Bath
$4,050
Estimated Monthly
$0
HOA / Fees
0.74%
Cap Rate

About This Property

Fantastic opportunity to acquire land for sale in prime Bushwick! This 18x100 lot, situated between Wilson Avenue and Knickerbocker Avenue, boasts R6 zoning, offering diverse development potential. Explore the possibilities for your vision in this vibrant and sought-after neighborhood.
Unit Size
-
Days on Market
88 days
Land Size
0.04 acres
Price per sqft
-
Property Type
Land
Property Taxes
$735
HOA Dues
-
Year Built
-
Last updated: 3 months ago (BMLSNY #479578)

Price History

Date / Event Date Event Price
Feb 27, 2024 Price Decreased $675,000
↓ $50K (6.9%)
Price Decreased
Jan 31, 2024 Listed by Womcore LLC dba Remax Edge $725,000
Listed by Womcore LLC dba Remax Edge
Dec 15, 2023 No longer available -
No longer available
Oct 18, 2023 Price Decreased $749,000
↓ $46K (5.8%)
Price Decreased
Aug 31, 2023 Listed by Womcore LLC dba Remax Edge $795,000
Listed by Womcore LLC dba Remax Edge
Presenting a remarkable opportunity for development, this vacant land is strategically positioned on a prime block in Bushwick. With an R6 zoning designation and an expansive lot size of 18x100, this property offers a great canvas for realizing visionary projects.
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Property Highlights

Building Info

Overview

    General

  • Year Built: 0
  • Basement Type: 5

    Dimensions

  • Lot Area Sqft: 1,800
  • Lot Size Depth Feet: 100
  • Lot Size Frontage Feet: 18

    Floor Area Ratio

  • Residential Floor Area Ratio: 2
  • Facilities Floor Area Ratio: 5

Building

  • Building Type: V0
  • Lot Type: 5
  • Land Use: 11
  • Irregular Lot Code: N

Neighborhood

  • Community District: 304
  • City Council District: 37
  • Police Precinct: 83
  • Fire Company: L112
  • Health Area: 3400
  • Sanitation District Borough: 3
  • Sanitation Subsection: 2B
  • School District: 32

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 3370
  • Lot: 16
  • Borough Block Lot: 3033700016

    Address

  • Full Address: 1242 Madison Street
  • Zip Code: 11221

Valuation

    Assessments Valuation

  • Assessed Total Value: $9,780
  • Assessed Land Value: $9,780

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
Stu
-
-
$800,000 Jan 6, 2014
$800,000 May 16, 2014
-
Townhouse
Stu
-
-
$810,000 Apr 6, 2014
$810,000 Jul 10, 2014
-
Townhouse
Stu
-
-
$800,000 Nov 30, 2017
$800,000 Jan 17, 2018
-
Townhouse
Stu
-
-
$840,000 Feb 5, 2015
$840,000 Jun 16, 2015
-
Condo
Stu
1 Bath
-
$850,000 Aug 14, 2019
$850,000 Aug 12, 2019
$800/mo
Condo
Stu
2 Baths
-
$585,000 Jun 10, 2022
$585,000 Jun 15, 2023
$630/mo
Multifamily
Stu
-
-
$699,900 May 31, 2023
-
$1,009/mo
Condo
Stu
2 Baths
827 ft²
$840/ft²
$695,000 Mar 31, 2023
-
$1,247/mo
Condo
Stu
2 Baths
803 ft²
$816/ft²
$655,000 Jan 4, 2024
-
$615/mo
House
Stu
-
-
$599,999 Jan 14, 2024
-
-
Condo
2 Beds
2 Baths
-
$725,000 Dec 1, 2023
-
$682/mo
Condo
2 Beds
2 Baths
792 ft²
$915/ft²
$725,000 Nov 10, 2023
-
$350/mo

About Northern Brooklyn


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Frequently Asked Questions

When was property at 1242 Madison Street built and last sold?
The property at 1242 Madison Street was built in 0 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1242 Madison Street is $681,750.
What are some comparable homes to 1242 Madison Street?
Homes that are comparable to 1242 Madison Street include a condo property at 1504 Jefferson Avenue, a house property at 1680 Madison Street, a condo property at 627 Wilson Avenue.

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