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Floor Plans
Map
$1,799,000
●
Multifamily -
In Contract
551 Madison Street
Brooklyn, NY 11221
5 Beds
4 Baths,
1
Half Bath
3600 Sqft
$9,309
Estimated Monthly
$0
HOA / Fees
4.68%
Cap Rate
About This Property
Upon walking up to 551 Madison, your eyes are drawn to the
dog-legged front stoop that still has its original metal work and
handrails. Your eyes then notice the height and presence of the
structure, and see that the whole tree lined block is full of well
kept brownstones.
Measuring in at 20x 45 on a 100 foot lot with an extension on the rear of the garden level, this property is full of intact original details that have been preserved throughout the years. The home features original wood details- hardwood floors, moldings, decorative mantles, pier mirror, window shutters, and wainscoting.
The parlor floor is perfectly situated for grand entertaining with its high ceilings, and rear windows overlooking the garden. This is also where you will find an abundance of detail, particularly the pier mirror with such beautiful crown molding. Wainscoting follows up the steps to the higher levels where you will find the rental units. The legal use is a two unit, being used as a three, but an ideal setup here would be a triplex over a garden rental, or two double duplexes. It's all up to you.
This block is full of delightful neighbors, where their smiles and good mornings will warm you daily. Also steps to cafes, restaurants, groceries, and a quick walk to the A express train at Utica.
Measuring in at 20x 45 on a 100 foot lot with an extension on the rear of the garden level, this property is full of intact original details that have been preserved throughout the years. The home features original wood details- hardwood floors, moldings, decorative mantles, pier mirror, window shutters, and wainscoting.
The parlor floor is perfectly situated for grand entertaining with its high ceilings, and rear windows overlooking the garden. This is also where you will find an abundance of detail, particularly the pier mirror with such beautiful crown molding. Wainscoting follows up the steps to the higher levels where you will find the rental units. The legal use is a two unit, being used as a three, but an ideal setup here would be a triplex over a garden rental, or two double duplexes. It's all up to you.
This block is full of delightful neighbors, where their smiles and good mornings will warm you daily. Also steps to cafes, restaurants, groceries, and a quick walk to the A express train at Utica.
Unit Size
3,600Ft²
Days on Market
-
Land Size
-
Price per sqft
$500
Property Type
Multifamily
Property Taxes
$475
HOA Dues
-
Year Built
1931
Listed By
Last updated: 27 days ago (RLS #COMP-1365946346828909593)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 8, 2024 | In contract | - | |
In contract | |||
Jan 2, 2024 | Price Decreased |
$1,799,000
↓ $51K
(2.8%)
|
|
Price Decreased | |||
Jul 20, 2023 | Listed by Compass | $1,850,000 | |
Listed by Compass |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Multifamily
5
Beds
4
Baths
3,360 ft²
$565/ft²
$1,900,000
May 17, 2018
$1,900,000
Feb 8, 2019
-
Multifamily
5
Beds
4
Baths
2,850 ft²
$737/ft²
$2,100,000
Sep 28, 2018
$2,100,000
Mar 25, 2019
-
Multifamily
5
Beds
4
Baths
2,520 ft²
$673/ft²
$1,695,000
Aug 21, 2020
$1,695,000
Jun 8, 2021
-
Multifamily
5
Beds
3
Baths
2,241 ft²
$698/ft²
$1,565,000
Jul 30, 2019
$1,565,000
Oct 27, 2020
-
Multifamily
6
Beds
3
Baths
3,640 ft²
$515/ft²
$1,875,000
Jul 6, 2017
$1,875,000
Nov 30, 2017
-
Multifamily
6
Beds
4
Baths
3,420 ft²
$482/ft²
$1,650,000
Mar 23, 2023
$1,650,000
Sep 26, 2023
-
In Contract
Townhouse
5
Beds
5
Baths
3,360 ft²
$595/ft²
$1,999,000
Mar 4, 2024
-
$452/mo
Active
Townhouse
5
Beds
3
Baths
2,400 ft²
$790/ft²
$1,895,000
Feb 12, 2024
-
$399/mo
In Contract
Multifamily
6
Beds
3
Baths
2,820 ft²
$656/ft²
$1,849,000
Aug 8, 2022
-
-
In Contract
Multifamily
6
Beds
4
Baths
2,500 ft²
$660/ft²
$1,650,000
Oct 19, 2021
-
-
In Contract
Townhouse
6
Beds
2
Baths
3,456 ft²
$463/ft²
$1,600,000
Mar 5, 2021
-
$440/mo
Active
Townhouse
6
Beds
3
Baths
3,262 ft²
$658/ft²
$2,145,000
Nov 12, 2023
-
$4,977/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
551 Madison Street
551 Madison Street, Brooklyn, NY 11221
- 3 Units
- 1 Unit for Sale