Kings  »  11221  »  Madison St  »  489 Madison St

489 Madison Street, Brooklyn, NY 11221 - Property report

Also known as: 489 Madison St

Property image for 489 Madison Street, Brooklyn, NY 11221
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Property type

Five to Six Families (C2)

Year built

1931

Lot sq. ft.

2,000

Sale price

$10

General information

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Address
Primary address
489 Madison Street
ZIP code
11221
Neighborhood
Bedford-Stuyvesant
Borough
Brooklyn
Block & lot
01639-0072

Owner

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Building
Property type
Five to Six Families (C2)
Building sq. ft.
2,100
Building dimensions
20 ft x 42 ft
Buildings on lot
1
Stories
2
Year built
1931
Building material
Sales
Sale date
09/30/2019
Sale price
$10
Tax
Tax year
2026-2027
Property tax
$6,018
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
6
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
20 ft x 100 ft
Lot sq. ft.
2,000

Area overview

Walk score
91 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
72 /100.  Very Bikeable
School district
16
Community district
3
Closest police station
0.35 Miles
Closest fire station
0.16 Miles

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Ownership

Ownership information for 489 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 489 Madison Street, Brooklyn, NY 11221

Sale date Sale price Buyer name Seller name
09/30/2019 $10 XXXXXXX, XXXXX X XXX XXXXX, XXXXX XXXXX, XXXXX
05/07/2010 $10 XXXXXXXXX-XXX, XXXXXXX XXX XXXXXX, XXXXX XXXXXXXXX-XXX, XXXXXXX
05/04/2010 $599,000 XXXXXXXXX-XXX, XXXXXXX XXXX XXXX XXXXX, XX X

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/24/2019 - R
09/30/2019 - D		 Deed
(2019102100842001)		 XXXXX XXXXX XXXXXXX XXXXX X
10/05/2018 - R
07/23/2018 - D		 Deed
(2018100401240001)		 XXXXXXXXX XXX XXXXXXX X XXXXX XXXXX
06/23/2010 - R
06/01/2010 - D		 Satisfaction of Mortgage
(2010062100940001)		 XXXX XXXX XXXXX XX X XXXXX XXXXXXX XXX
06/23/2010 - R
05/07/2010 - D		 Deed
(2010060700711001)		 XXXXXXXXXXXX XXXXXXX XXXXXXXXXXXX XXXXXXX
05/21/2010 - R
05/04/2010 - D		 Mortgage
(2010051800994002)		 XXXXXXXXXXXX XXXXXXX XXXX
05/21/2010 - R
05/04/2010 - D		 Deed
(2010051800994001)		 XXXX XXXX XXXXX XX X XXXXXXXXXXXX XXXXXXX
05/11/2009 - R
04/23/2009 - D		 Assignment, Mortgage
(2009050500634002)		 XXXXXXXX XXXXXXX XXX X XXXXX XXXXXXX XXX
05/11/2009 - R
04/21/2009 - D		 Assignment, Mortgage
(2009050500634001)		 XX XXXX X X XXXXXXXX XXXXXXX XXX X
04/16/2009 - R
03/04/2009 - D		 Assignment, Mortgage
(2009041100042001)		 XXXXXXXX XXXXXXX XXX X XX XXXX X X
03/10/2009 - R
02/26/2009 - D		 Mortgage
(2009030400874002)		 XXXX XXXX XXXXX XX X XXXXXXXX XXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 489 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
$6,018
Municipal exemptions
Recent tax assessments
Market value
$578,000
Assessed value
$260,100

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 $482,000 $216,900 $44,801 12.439% $5,573 $5,573 -0.48%
2024/25 $402,000 $180,900 $44,799 12.5% $5,600 $5,600 +3.18%
2023/24 $335,000 $150,750 $43,410 12.502% $5,427 $5,427 +10.07%
2022/23 $279,000 $125,550 $40,195 12.267% $4,931 $4,931 +8.27%
2021/22 $223,500 $100,575 $37,218 12.235% $4,554 $4,554 +7.72%
2020/21 $217,000 $97,650 $34,462 12.267% $4,227 $4,227 -1.65%
2019/20 $181,200 $81,540 $34,461 12.473% $4,298 $4,298 +2.06%
2018/19 $151,000 $67,950 $33,392 12.612% $4,211 $4,211 +7.09%
2017/18 $134,000 $60,300 $30,919 12.719% $3,933 $3,933 +6.55%
2016/17 $107,000 $48,150 $28,629 12.892% $3,691 $3,691 +8.07%
Permits

Permit information for 489 Madison Street, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
08/11/2004 C-construction

*Most recent DOB violation 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
Throop Ave & Fulton St at NE Corner
Station lines
A-C
Distance (miles)
0.456
View subway map

Access the detailed traffic volume map for 489 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 489 Madison Street, Brooklyn, NY

271 Lewis Ave, Brooklyn 267 Lewis Ave, Brooklyn 497 Madison St, Brooklyn 501 Madison St, Brooklyn 485 Madison St, Brooklyn 483 Madison St, Brooklyn 479 Madison St, Brooklyn 509 Madison St, Brooklyn 499 Madison St, Brooklyn 487 Madison St, Brooklyn 481 Madison St, Brooklyn 477 Madison St, Brooklyn 473 Madison St, Brooklyn 273 Lewis Ave, Brooklyn 491 Madison St, Brooklyn 507 Madison St, Brooklyn 493 Madison St, Brooklyn 495 Madison St, Brooklyn 503 Madison St, Brooklyn 505 Madison St, Brooklyn

Nearby ZIP codes for 489 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 489 Madison Street, Brooklyn, NY 11221?

The development at 489 Madison Street, Brooklyn, NY 11221 was built in 1931.

What is the total square footage of 489 Madison Street, Brooklyn, NY 11221?

489 Madison Street, Brooklyn, NY 11221 has a total of 2,100 square feet.

When was 489 Madison Street, Brooklyn, NY 11221 last sold and what was the sale price?

489 Madison Street, Brooklyn, NY 11221 was last sold on 09/30/2019 for $10.

What is the assessed value of 489 Madison Street, Brooklyn, NY 11221?

489 Madison Street, Brooklyn, NY 11221 is currently assessed at $260,100.

What are the property taxes for 489 Madison Street, Brooklyn, NY 11221?

The property taxes for 489 Madison Street, Brooklyn, NY 11221 total $6,018.

How many residential units does this building have?

This building has 6 residential unit(s).

Disclaimer

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