Kings  »  11221  »  Madison St  »  1240 Madison St

1240 Madison Street, Brooklyn, NY 11221 - Property report

Also known as: 1240 Madison St

Property image for 1240 Madison Street, Brooklyn, NY 11221
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Property type

Over Six Families without Stores (C1)

Year built

2019

Lot sq. ft.

1,800

Sale price

$880,000

General information

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Address
Primary address
1240 Madison Street
ZIP code
11221
Neighborhood
Bushwick
Borough
Brooklyn
Block & lot
03370-0115

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
4,061
Building dimensions
17.1 ft x 53.7 ft
Buildings on lot
1
Stories
4
Year built
2019
Building material
Sales
Sale date
10/04/2017
Sale price
$880,000
Tax
Tax year
2026-2027
Property tax
$43,906
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
8
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
18 ft x 100 ft
Lot sq. ft.
1,800

Area overview

Walk score
85 /100.  Very Walkable
Transit score
100 /100.  Rider's Paradise
Bike score
91 /100.  Biker's Paradise
School district
32

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 1240 Madison Street, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 1240 Madison Street, Brooklyn, NY 11221

Sale date Sale price Buyer name Seller name
10/04/2017 $880,000 XX XXXXXXX XXXXXX, XXX XXXX XXXXXXX XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/27/2026 - R Initial UCC1
(2026072400621003)		 XXX XXXXXXX XXXXXX XXX XXXXX XXXXX XXXX X X
07/21/2026 - R
07/08/2026 - D		 Assignment of Leases and Rents
(2026071700541002)		 XXX XXXXXXX XXXXXX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
07/21/2026 - R
07/08/2026 - D		 Mortgage
(2026071700541001)		 XXX XXXXXXX XXXXXX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
12/21/2017 - R
11/28/2017 - D		 Termination of Assign of L&R
(2017121201400004)		 XXXXX XXXXXX XXXXXXXXXX XXXX XXXXXXX XXX
12/21/2017 - R
11/28/2017 - D		 Satisfaction of Mortgage
(2017121201400003)		 XXXX XXXXXXX XXX XXXXX XXXXXX XXXXXXXXXX
10/20/2017 - R
10/04/2017 - D		 Deed
(2017101800870001)		 XXXX XXXXXXX XXX XX XXXXXXX XXXXXX XXX
07/26/2017 - R
07/12/2017 - D		 Assignment of Leases and Rents
(2017072500550003)		 XXXX XXXXXXX XXX XXXXX XXXXXX XXXXXXXXXX
07/26/2017 - R
07/12/2017 - D		 Mortgage
(2017072500550002)		 XXXX XXXXXXX XXX XXXXX XXXXXX XXXXXXXXXX
07/26/2017 - R
07/12/2017 - D		 Deed
(2017072500550001)		 XXXX XXXXXX XXXXXX XXX XXXX XXXXXXX XXX
07/26/2017 - R
06/21/2017 - D		 Release
(2017072500550005)		 XXXXXXX XXXXXXXXX XXXX XXXX XXXXXX XXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1240 Madison Street, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$43,906
Municipal exemptions
Recent tax assessments
Market value
$1,341,000
Assessed value
$603,450

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $1,118,000 $503,100 $352,972 12.439% $43,906 $43,906 +2.69%
2024/25 $1,001,000 $450,450 $342,033 12.5% $42,754 $42,754 +7.98%
2023/24 $933,000 $419,850 $316,697 12.502% $39,593 $39,593 +10.07%
2022/23 $890,000 $400,500 $293,238 12.267% $35,972 $35,972 +8.28%
2021/22 $712,000 $320,400 $271,517 12.235% $33,220 $33,220 +1790.98%
2020/21 $143,000 $64,350 $14,321 12.267% $1,757 $1,757 -37.41%
2019/20 $221,000 $13,260 $13,260 21.167% $2,807 $2,807 +1.19%
2018/19 $221,000 $13,260 $13,260 20.919% $2,774 $2,774 +8.51%
2017/18 $209,000 $12,540 $12,540 20.385% $2,556 $2,556 n/a
Permits

Permit information for 1240 Madison Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
01/03/2020 Alteration
01/12/2019 Alteration
02/28/2017 New building
12/01/2016 New building
12/01/2016 New building

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
06/26/2019 C-construction
05/29/2019 Aeuhaz1-fail to certify class 1

*Most recent DOB violations on record for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Palmetto St & Wycoff Ave at NE Corner
Station lines
L-M
Distance (miles)
0.375
View subway map

Access the detailed traffic volume map for 1240 Madison Street, Brooklyn, NY 11221 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 1240 Madison Street, Brooklyn, NY

273 Grafton St, Brooklyn 1333 Broadway, Brooklyn 184 Russell St, Brooklyn 500 Church Ave, Brooklyn 224 Richardson St, Brooklyn 194 Hawthorne St, Brooklyn 475 Locke St, Brooklyn 46 N Henry St, Brooklyn 764 Metropolitan Ave, Brooklyn 167 Devoe St, Brooklyn 2501 Pitkin Ave, Brooklyn 526 Schroeders Ave, Brooklyn 911 Erskine St, Brooklyn 245 Manhattan Ave, Brooklyn 524 Vandalia Ave, Brooklyn 1629 43rd St, Brooklyn 218 Frost St, Brooklyn 533 Leonard St, Brooklyn 198 Freeman St, Brooklyn 1008 Decatur St, Brooklyn

Nearby ZIP codes for 1240 Madison Street, Brooklyn, NY

11101, New York City, NY 11104, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11207, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11216, New York City, NY 11217, New York City, NY 11222, New York City, NY 11225, New York City, NY 11226, New York City, NY 11233, New York City, NY 11237, New York City, NY 11238, New York City, NY 11378, New York City, NY 11379, New York City, NY 11385, New York City, NY

Frequently asked questions

What is the year built for 1240 Madison Street, Brooklyn, NY 11221?

The development at 1240 Madison Street, Brooklyn, NY 11221 was built in 2019.

What is the total square footage of 1240 Madison Street, Brooklyn, NY 11221?

1240 Madison Street, Brooklyn, NY 11221 has a total of 4,061 square feet.

When was 1240 Madison Street, Brooklyn, NY 11221 last sold and what was the sale price?

1240 Madison Street, Brooklyn, NY 11221 was last sold on 10/04/2017 for $880,000.

What is the assessed value of 1240 Madison Street, Brooklyn, NY 11221?

1240 Madison Street, Brooklyn, NY 11221 is currently assessed at $603,450.

What are the property taxes for 1240 Madison Street, Brooklyn, NY 11221?

The property taxes for 1240 Madison Street, Brooklyn, NY 11221 total $43,906.

How many residential units does this building have?

This building has 8 residential unit(s).

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