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551 Madison Street

551 Madison Street, Brooklyn, NY 11221
3 Units
1 Units For Sale
Unit for sale at 551 Madison Street, Brooklyn, NY 11221

$1,799,000 ↓ $51K

  • 5 Beds
  • 4 Baths
  • 3,600 ft²
551 Madison Street, Brooklyn, NY 11221 Listing by Sean Henry

The home was built in 1931 and is 93 years old. The linear feet between the front and back of the lot was measured at 100 ft and the front of the lot was measured at 20 ft. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. During this assessment, the property's total value was estimated to be about $36,780. If we break it down further, the land itself was valued at $10,200. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!

Building Features

Facilities

Laundry Room

Building Style

Prewar

Pet Policy

Dogs Allowed / Cats Allowed
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1931
  • Building Count: 1
  • Floor Count: 3
  • Total Unit Count: 3
  • Residential Unit Count: 3
  • Basement Type: 5

    Dimensions

  • Lot Area Sqft: 2,000
  • Lot Size Depth Feet: 100
  • Lot Size Frontage Feet: 20
  • Building Depth: 45
  • Building Frontage: 20
  • Gross Building Area: 3,776

    Building Floor Area

  • Residential Building Floor Area: 2,832

    Floor Area Ratio

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

Building

  • Building Type: C0
  • Lot Type: 5
  • Land Use: 02
  • Irregular Lot Code: N
  • Extension Code: N

Neighborhood

  • Community District: 303
  • City Council District: 36
  • Police Precinct: 81
  • Fire Company: E214
  • Health Area: 2100
  • Sanitation District Borough: 3
  • Sanitation Subsection: 4B
  • School District: 16

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6B

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 1640
  • Lot: 82
  • Borough Block Lot: 3016400082

    Address

  • Full Address: 551 Madison Street
  • Zip Code: 11221

Valuation

    Assessments Valuation

  • Assessed Total Value: $36,780
  • Assessed Land Value: $10,200

    Exemptions

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

About Northern Brooklyn




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Frequently Asked Questions

What neighborhood is 551 Madison Street located in?
The 551 Madison Street is a located in the neighborhood of Bedford-Stuyvesant in Northern Brooklyn, Brooklyn.
How many listings are currently for sale in 551 Madison Street?
There is a listing currently on the market for sale.
What is the average sales price for listings in 551 Madison Street?
The average sales price for units in 551 Madison Street is $1,799,000 , or $500/sqft. currently.

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