New York City » 11221 » Madison St » 554 Madison St

554 Madison Street, Brooklyn, NY 11221 - Property report

Also known as: 554 Madison St

Property image for 554 Madison Street, Brooklyn, NY 11221

Property type

Two Family Converted from One Family (B3)

Year built

1901

Lot sq. ft.

2,000

Sale price

$2,300,000

General information

Address

Primary address

554 Madison Street

ZIP code

11221

Neighborhood

Bedford-Stuyvesant

Borough

Brooklyn

Block & lot

01644-0036

Building

Property type

Two Family Converted from One Family (B3)

Building sq. ft.

2,520

Building dimensions

20 ft x 42 ft

Buildings on lot

Stories

Year built

1901

Last altered

2020

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Sales

Sale date

05/26/2021

Sale price

$2,300,000

Tax

Tax year

2026-2027

Property tax

$7,086

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

Madison Street (narrow)

Nearest wide street

Marcus Garvey Boulevard

Distance to wide street

Lot dimensions

20 ft x 100 ft

Lot sq. ft.

2,000

Area overview

Walk score

90 /100. Very Walkable

Transit score

98 /100. Rider's Paradise

Bike score

70 /100. Very Bikeable

School district

Community district

Closest police station

0.45 Miles

Closest fire station

0.10 Miles

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

Ownership

Ownership information for 554 Madison Street, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 554 Madison Street, Brooklyn, NY 11221

Sale date	Sale price	Buyer name	Seller name
05/26/2021	$2,300,000	XXXXXXX, XXXXX XXX XXXXX, XXXXX	XXXXXXX XXXXXX XXX
09/21/2020	$1,060,000	XXXXXXX XXXXXX XXX	XXXXXXX, XXXX X

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
06/29/2021 - R 06/07/2021 - D	Satisfaction of Mortgage (2021062201474002)	XXXXXXX XXXXXX XXX	XXXXXXXX XXXXXXXX XXXX
06/29/2021 - R 06/07/2021 - D	Satisfaction of Mortgage (2021062201474001)	XXXXXXX XXXXXX XXX	XXXXXXXX XXXXXXXX XXXX
06/08/2021 - R 05/26/2021 - D	Mortgage (2021060200376003)	XXXXXXX XXXXX	XXX XXXXXXXX XXXX
06/08/2021 - R 05/26/2021 - D	Mortgage (2021060200376002)	XXXXXXX XXXXX	XXXXXXXXX XXXXXXX XXXX
06/08/2021 - R 05/26/2021 - D	Deed (2021060200376001)	XXXXXXX XXXXXX XXX	XXXXXXX XXXXX
11/27/2020 - R 11/18/2020 - D	Satisfaction of Mortgage (2020112401094001)	XXXXXXX XXXX	XXX XXXXXXXXXXXX XX XXXXXX XXXXXXXX
10/23/2020 - R 10/20/2020 - D	Satisfaction of Mortgage (2020102100598002)	XXXXXXX XXXX X	XXXXX XXXXX XXXX X X
10/05/2020 - R	Initial UCC1 (2020092300706003)	XXXXXXX XXXXXX XXX	XXXXXXXX XXXXXXX XXXX
11/16/2020 - R 09/21/2020 - D	Mortgage (2020092300749001)	XXXXXXX XXXXXX XXX	XXXXXXXX XXXXXXX XXXX
10/05/2020 - R 09/21/2020 - D	Mortgage (2020092300706002)	XXXXXXX XXXXXX XXX	XXXXXXXX XXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 554 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

$7,086

Municipal exemptions

Recent tax assessments

Market value

$2,199,000

Assessed value

$131,940

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	$2,004,000	$120,240	$35,685	19.843%	$7,081	$7,081	+2.93%
2024/25	$1,583,000	$94,980	$34,252	20.085%	$6,880	$6,880	+0.74%
2023/24	$1,399,000	$83,940	$34,001	20.085%	$6,829	$6,829	+3.13%
2022/23	$1,533,000	$91,980	$32,604	20.309%	$6,622	$6,622	+50.80%
2021/22	$1,392,000	$83,520	$21,997	19.963%	$4,391	$4,391	+1.46%
2020/21	$1,404,000	$84,240	$20,564	21.045%	$4,624	$4,328	+5.50%
2019/20	$1,165,000	$69,900	$19,380	21.167%	$4,399	$4,102	+2.61%
2018/19	$1,300,000	$78,000	$19,111	20.919%	$4,303	$3,998	+9.34%
2017/18	$1,193,000	$71,580	$17,937	20.385%	$3,956	$3,656	+9.00%
2016/17	$884,000	$53,040	$16,781	19.991%	$3,665	$3,355	+2.53%

Permits

Permit information for 554 Madison Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
04/28/2021	Alteration
10/05/2020	Alteration
10/05/2020	Alteration
10/02/2020	Alteration
09/11/2020	Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Stuyvesant Heights residential market stats

Access a detailed real estate market overview of Stuyvesant Heights so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Stuyvesant Heights and compare it to other neighborhoods in Brooklyn.

Median sale price

—

Median price/sq. ft.

—

Brooklyn median sale price

$899,000

6% 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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Throop Ave & Fulton St at NE Corner

Station lines

A-C

Distance (miles)

0.478

View subway map

Access the detailed traffic volume map for 554 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

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 308 Clara Cardwell	3	Yes	Public	PK, K-8	212	0.16
P.S. 308 Clara Cardwell	3	Yes	Public	PK, K-8	212	0.16
Ember Charter School	7	No	Charter	K-12	423	0.16
The Co-Op School	NR	No	Private	K-7	118	0.18
La Cima Charter School	5	No	Charter	K-5	199	0.23
Uncommon Bed-Stuy East Middle School	7	No	Charter	5-8	342	0.23
P.S. 44 Marcus Garvey	3	No	Public	PK, K-5	119	0.26
P.S. 44 Marcus Garvey	3	No	Public	PK, K-5	119	0.26
Brooklyn Brownstone School	8	No	Public	PK, K-5	310	0.31
Brooklyn Brownstone School	8	No	Public	PK, K-5	310	0.31

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 308 Clara Cardwell	3	No	Public	PK, K-8	212	0.16
Ember Charter School	7	No	Charter	K-12	423	0.16
The Co-Op School	NR	No	Private	K-7	118	0.18
Ms 267 Math Science And Technology	5	No	Public	6-8	149	0.23
Uncommon Bed-Stuy East Middle School	7	No	Charter	5-8	342	0.23
Unity Prep Charter School of Brooklyn	6	No	Charter	6-12	558	0.26
Ms 35 Stephen Decatur	7	No	Public	6-8	185	0.31
Jhs 57 Whitelaw Reid	3	No	Public	6-8	100	0.41
Mount Pleasant Christian Academy	NR	No	Private	1-12	0	0.44
Success Academy Charter School-Nyc 9	9	No	Charter	5-8	232	0.44

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Boys and Girls High School	2	Yes	Public	9-12	403	0.57
Ember Charter School	7	No	Charter	K-12	423	0.16
Unity Prep Charter School of Brooklyn	6	No	Charter	6-12	558	0.26
The Brooklyn Academy Of Global Finance	3	No	Public	9-12	190	0.41
Brooklyn Emerging Leaders Academy Charter School	2	No	Charter	9-12	236	0.41
Mount Pleasant Christian Academy	NR	No	Private	1-12	0	0.44
Mt Pleasant Christian Academy	NR	No	Private	PK-12	10	0.45
P.S. 140	NR	No	Public	K-10	318	0.56
Leadership Preparatory Bedford Stuyvesant Charter School	6	No	Charter	K-12	1,186	0.56
NELSON MANDELA HIGH SCHOOL	4	No	Public	9-12	133	0.57

Frequently asked questions

What is the year built for 554 Madison Street, Brooklyn, NY 11221?

The development at 554 Madison Street, Brooklyn, NY 11221 was built in 1901.

What is the total square footage of 554 Madison Street, Brooklyn, NY 11221?

554 Madison Street, Brooklyn, NY 11221 has a total of 2,520 square feet.

When was 554 Madison Street, Brooklyn, NY 11221 last sold and what was the sale price?

554 Madison Street, Brooklyn, NY 11221 was last sold on 05/26/2021 for $2,300,000.

What is the assessed value of 554 Madison Street, Brooklyn, NY 11221?

554 Madison Street, Brooklyn, NY 11221 is currently assessed at $131,940.

What are the property taxes for 554 Madison Street, Brooklyn, NY 11221?

The property taxes for 554 Madison Street, Brooklyn, NY 11221 total $7,086.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.