516 Madison Street, Brooklyn, NY 11221 Property Information
516 Madison Street, Brooklyn, NY 11221 Property Information
- General
- Owner
- Documents
- Tax
- Permits
- Neighborhood
Address
| Primary address | 516 Madison Street |
| Neighborhood | Bedford-Stuyvesant |
| Zip code | 11221 |
| Borough | Brooklyn |
| Block & lot | 01644-0017 |
Sales & Tax Overview for 516 Madison Street, Brooklyn
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Tax class | Register |
| Estimated property tax | $5,050 |
Lot & Building Information for 516 Madison Street, Brooklyn
| Lot sqft | 2,000 |
| Lot dimensions | |
| Building class | Two Family Converted from One Family (B3) |
| Building sqft | 3,360 |
| Building dimensions | |
| Buildings on lot | 1 |
| Stories | 3 |
| Structure type | Brownstone |
| Building material | Brick |
| Exterior wall | Brick/masonry |
| Basement type | Full |
| Year built | 1901 |
| Frontage(s) | Madison Street (narrow) |
| Nearest wide street | Marcus Garvey Boulevard |
| Distance to wide street | Register |
Area Overview
| School district | 16 |
| Community district | 3 |
| Closest police station | 0.39 Miles |
| Closest fire station | 0.12 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 516 Madison Street, Brooklyn
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About 516 Madison Street, Brooklyn
516 Madison Street, Brooklyn, NY 11221 was built in 1901 and has a total of 3,360 square feet.
What is the assessed value of 516 Madison Street, Brooklyn, NY 11221 and the property tax paid?Assessed at $99,300, the tax amount paid for 516 Madison Street, Brooklyn, NY 11221 is $2,651. For the next year, the tax amount for 516 Madison Street, Brooklyn, NY 11221 is estimated at $5,050.
When was 516 Madison Street, Brooklyn, NY 11221 last sold?516 Madison Street, Brooklyn, NY 11221 was last sold in 06/04/1976.
How many residential units does this building have?This building has 2 residential unit(s).
Ownership Information for 516 Madison Street, Brooklyn
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Past Sales & Property History for 516 Madison Street, Brooklyn
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No recorded sales for this property.
Title Documents for 516 Madison Street, Brooklyn
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R: Recorded date
D: Document date
Property Taxes for 516 Madison Street, Brooklyn
Access detailed property tax data for 516 Madison Street, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $2,651 |
| Estimated property tax: | $5,050 |
| Tax assessor's market value: | $1,655,000 |
| Assessed value: | $99,300 |
| Exemptions granted by city: | Register |
Assessment History for 516 Madison Street, Brooklyn
Here's the assessment & property tax history for 516 Madison Street, Brooklyn, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year change |
|---|---|---|---|---|---|---|---|
| 2025/26 | $1,655,000 | $99,300 | $13,360 | 19.843% | $5,332 | $2,651 | +4.65% |
| 2024/25 | $1,947,000 | $116,820 | $12,612 | 20.085% | $5,095 | $2,533 | +13.04% |
| 2023/24 | $1,955,000 | $117,300 | $11,157 | 20.085% | $5,044 | $2,241 | +6.12% |
| 2022/23 | $1,712,000 | $102,720 | $10,398 | 20.309% | $4,817 | $2,112 | +8.41% |
| 2021/22 | $1,758,000 | $105,480 | $9,757 | 19.963% | $4,471 | $1,948 | -5.42% |
Permits for 516 Madison Street, Brooklyn
The complete history of permits filed for 516 Madison Street, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
No recorded permits for this property.
Bedford-Stuyvesant Residential Market Stats
Access a detailed real estate market overview of Bedford-Stuyvesant so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Bedford-Stuyvesant and compare it to other neighborhoods in Brooklyn.
Check out recently sold homes in Brooklyn and see how their prices compare.
Risk
| FEMA flood zone(s): | X (See more on map) |
Transportation
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Distance to Subway
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| Closest station | Throop Ave & Fulton St at NE Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | A-C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | Marcus Garvey Bl/Madison St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | B15 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.069 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schools
Nearest elementary schools
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| P.S. 308 Clara Cardwell | 3 | Yes | Public | PK, K-8 | 212 | 0.20 |
| P.S. 308 Clara Cardwell | 3 | Yes | Public | PK, K-8 | 212 | 0.20 |
| The Co-Op School | NR | No | Private | K-7 | 118 | 0.13 |
| P.S. 44 Marcus Garvey | 3 | No | Public | PK, K-5 | 119 | 0.19 |
| P.S. 44 Marcus Garvey | 3 | No | Public | PK, K-5 | 119 | 0.19 |
Nearest middle schools
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| The Co-Op School | NR | No | Private | K-7 | 118 | 0.13 |
| Unity Prep Charter School of Brooklyn | 6 | No | Charter | 6-12 | 558 | 0.19 |
| P.S. 308 Clara Cardwell | 3 | No | Public | PK, K-8 | 212 | 0.20 |
| Ember Charter School | 7 | No | Charter | K-12 | 423 | 0.20 |
| Uncommon Bed-Stuy East Middle School | 7 | No | Charter | 5-8 | 342 | 0.30 |
Nearest high schools
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| Boys and Girls High School | 2 | Yes | Public | 9-12 | 403 | 0.59 |
| Unity Prep Charter School of Brooklyn | 6 | No | Charter | 6-12 | 558 | 0.19 |
| Ember Charter School | 7 | No | Charter | K-12 | 423 | 0.20 |
| Mount Pleasant Christian Academy | NR | No | Private | 1-12 | 0 | 0.37 |
| Mt Pleasant Christian Academy | NR | No | Private | PK-12 | 10 | 0.38 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Neighbors for 516 Madison Street, Brooklyn
Here are the neighbors for 516 Madison Street, Brooklyn, NY 11221.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 524 Madison St, Brooklyn | 3,360 | 10/03/2006 | $657,000 |
| 526 Madison St, Brooklyn | 2,100 | 10/22/2006 | $831,000 |
| 510 Madison St, Brooklyn | 3,360 | 09/05/2012 | $575,000 |
| 504 Madison St, Brooklyn | 3,360 | 02/01/2012 | $770,000 |
| 534 Madison St, Brooklyn | 2,522 | 11/13/2000 | |
| 530 Madison St, Brooklyn | 2,520 | 07/22/2020 | |
| 498 Madison St, Brooklyn | 3,192 | 07/26/2013 | |
| 528 Madison St, Brooklyn | 3,360 | 03/17/1994 | |
| 512 Madison St, Brooklyn | 3,360 | 07/23/2024 | |
| 508 Madison St, Brooklyn | 4,160 | 03/26/2025 | $3,215,000 |
| 520 Madison St, Brooklyn | 2,100 | 08/28/2012 | |
| 536 Madison St, Brooklyn | 2,520 | 07/08/1994 | |
| 502 Madison St, Brooklyn | 2,100 | 03/27/1998 | |
| 532 Madison St, Brooklyn | 2,394 | 09/10/2021 | |
| 538 Madison St, Brooklyn | 2,520 | 07/01/2015 | $1,045,000 |
| 514 Madison St, Brooklyn | 3,360 | 12/01/2006 | |
| 500 Madison St, Brooklyn | 3,192 | 10/19/2023 | $410,000 |
| 496 Madison St, Brooklyn | 3,192 | 06/18/2022 | $10 |
| 522 Madison St, Brooklyn | 2,100 | 11/10/2009 | |
| 506 Madison St, Brooklyn | 3,360 | 01/28/2019 | $1,950,000 |