New York City » 11221 » Madison St » 387 Madison St

387 Madison Street, Brooklyn, NY 11221 - Property report

Also known as: 387 Madison St

Property image for 387 Madison Street, Brooklyn, NY 11221

Property type

Two Family Brick (B1)

Year built

1910

Lot sq. ft.

2,000

Sale price

$3,199,000

General information

Address

Primary address

387 Madison Street

ZIP code

11221

Neighborhood

Bedford-Stuyvesant

Borough

Brooklyn

Block & lot

01820-0063

Building

Property type

Two Family Brick (B1)

Building sq. ft.

4,160

Building dimensions

20 ft x 52 ft

Buildings on lot

Stories

Year built

1910

Building material

Stone

Exterior wall

Brick/Masonary

Basement

Sales

Sale date

04/22/2022

Sale price

$3,199,000

Tax

Tax year

2026-2027

Property tax

$13,076

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

Lexington Avenue

Distance to wide street

Lot dimensions

20 ft x 100 ft

Lot sq. ft.

2,000

Area overview

Walk score

93 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

76 /100. Very Bikeable

School district

Community district

Closest police station

0.19 Miles

Closest fire station

0.37 Miles

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

Ownership

Ownership information for 387 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 387 Madison Street, Brooklyn, NY 11221

Sale date	Sale price	Buyer name	Seller name
04/22/2022	$3,199,000	XXX XXXXXXX XX XXX	XXXXXXX XXXXXXXX XX XXX
04/09/2021	$1,250,000	XXXXXXX XXXXXXXX XX XXX	XXXXXXX XXXXXXX XXX XXXXXX XX XXXXXXX XXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
08/28/2025 - R 02/06/2024 - D	Assignment, Mortgage (2025082500414001)	XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX	XXXXXXXXXXXXX XXXX XXXXX XXXXXXX
05/04/2022 - R 04/22/2022 - D	Mortgage (2022042501157002)	XXX XXXXXXX XX XXX	XXXXXXX XXXXXX XXXX
05/04/2022 - R 04/22/2022 - D	Deed (2022042501157001)	XXXXXXX XXXXXXXX XX XXX	XXX XXXXXXX XX XXX
04/26/2021 - R 04/09/2021 - D	Deed (2021041900943001)	XXXXXXX XXXXXXX	XXXXXXX XXXXXXXX XX XXX
10/12/2018 - R 10/11/2018 - D	Assignment, Mortgage (2018101100961001)	XXXXXXXX XXXXXXXX XXXXXXX	XXXXXXXXX XX XXXXXXX XXX XXXXX XXXXXXXXXXX
03/21/2018 - R 02/14/2018 - D	Assignment, Mortgage (2018031301209001)	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX	XXXXXXXX XXXXXXXX XXXXXXX
05/29/2013 - R 03/28/2013 - D	Satisfaction of Mortgage (2013032800698001)	XXXXXX XXXXX	XXXXXXXXX XX XXXXXXX XXX XXXXX XXXXXXXXXXX
02/26/2013 - R 12/11/2012 - D	Satisfaction of Mortgage (2013021500178001)	XXXXXX XXXXX	XXXXXXXX XXXXXXXX XXXXXXX
12/21/2012 - R 11/21/2012 - D	Mortgage (2012121701630002)	XXXXXX XXXXX	XXXXXXXXX XX XXXXXXX XXX XXXXX XXXXXXXXXXX
12/21/2012 - R 11/21/2012 - D	Mortgage (2012121701630001)	XXXXXX XXXXX	XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 387 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

$13,076

Municipal exemptions

Recent tax assessments

Market value

$2,586,000

Assessed value

$155,160

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	$1,967,000	$118,020	$64,105	19.843%	$12,720	$12,720	-1.20%
2024/25	$2,314,000	$138,840	$64,105	20.085%	$12,875	$12,875	+0.36%
2023/24	$2,548,000	$152,880	$63,877	20.085%	$12,830	$12,830	+125.98%
2022/23	$2,698,000	$161,880	$27,955	20.309%	$5,677	$5,677	+7.83%
2021/22	$2,508,000	$150,480	$26,375	19.963%	$5,265	$5,265	+35.43%
2020/21	$2,242,000	$134,520	$18,473	21.045%	$5,237	$3,888	-0.63%
2019/20	$2,115,000	$126,900	$18,483	21.167%	$5,267	$3,912	-5.03%
2018/19	$1,735,000	$104,100	$19,693	20.919%	$5,166	$4,120	+10.46%
2017/18	$1,677,000	$100,620	$18,296	20.385%	$4,749	$3,730	+9.88%
2016/17	$1,259,000	$75,540	$16,979	19.991%	$4,394	$3,394	+22.62%

Permits

Permit information for 387 Madison Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
12/28/2021	Alteration
12/01/2021	Alteration
12/01/2021	Alteration
06/07/2021	Alteration
06/07/2021	Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID	Inspection date	Class	NOV issue date	Status
	05/05/2026	A
	11/20/2025	I
	06/10/2025	A

*Most recent HPD violations on record for this property.

Neighborhood

Bedford residential market stats

Access a detailed real estate market overview of Bedford so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Bedford 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 NW Corner

Station lines

A-C

Distance (miles)

0.418

View subway map

Access the detailed traffic volume map for 387 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. 44 Marcus Garvey	3	Yes	Public	PK, K-5	119	0.10
P.S. 44 Marcus Garvey	3	Yes	Public	PK, K-5	119	0.10
Mount Pleasant Christian Academy	NR	No	Private	1-12	0	0.08
Mt Pleasant Christian Academy	NR	No	Private	PK-12	10	0.10
Mt Pleasant Christian Academy	NR	No	Private	PK-12	10	0.10
Urban Assembly Academy Of Arts And Letters	6	No	Public	PK, K-8	729	0.13
Urban Assembly Academy Of Arts And Letters	6	No	Public	PK, K-8	729	0.13
P.S. 305 Dr Peter Ray	NR	No	Public	PK, K-5	102	0.13
P.S. 305 Dr Peter Ray	NR	No	Public	PK, K-5	102	0.13
The Co-Op School	NR	No	Private	K-7	118	0.22

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Mount Pleasant Christian Academy	NR	No	Private	1-12	0	0.08
Mt Pleasant Christian Academy	NR	No	Private	PK-12	10	0.10
Unity Prep Charter School of Brooklyn	6	No	Charter	6-12	558	0.10
Urban Assembly Academy Of Arts And Letters	6	No	Public	PK, K-8	729	0.13
The Co-Op School	NR	No	Private	K-7	118	0.22
Brooklyn East Collegiate Charter School	7	No	Charter	8	66	0.25
Leadership Preparatory Bedford Stuyvesant Charter School	6	No	Charter	K-12	1,186	0.29
P.S. 140	NR	No	Public	K-10	318	0.29
Success Academy Charter School-Nyc 9	9	No	Charter	5-8	232	0.40
P.S. 308 Clara Cardwell	3	No	Public	PK, K-8	212	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	0.75
Mount Pleasant Christian Academy	NR	No	Private	1-12	0	0.08
Mt Pleasant Christian Academy	NR	No	Private	PK-12	10	0.10
Unity Prep Charter School of Brooklyn	6	No	Charter	6-12	558	0.10
Brooklyn Academy High School	NR	No	Public	10-12	82	0.25
Bedford Stuyvesant Prepretory High School	NR	No	Public	10-12	102	0.28
Leadership Preparatory Bedford Stuyvesant Charter School	6	No	Charter	K-12	1,186	0.29
P.S. 140	NR	No	Public	K-10	318	0.29
Ember Charter School	7	No	Charter	K-12	423	0.44
Walk In Love Christian Academy	NR	No	Private	PK, K-12	291	0.45

Frequently asked questions

What is the year built for 387 Madison Street, Brooklyn, NY 11221?

The development at 387 Madison Street, Brooklyn, NY 11221 was built in 1910.

What is the total square footage of 387 Madison Street, Brooklyn, NY 11221?

387 Madison Street, Brooklyn, NY 11221 has a total of 4,160 square feet.

When was 387 Madison Street, Brooklyn, NY 11221 last sold and what was the sale price?

387 Madison Street, Brooklyn, NY 11221 was last sold on 04/22/2022 for $3,199,000.

What is the assessed value of 387 Madison Street, Brooklyn, NY 11221?

387 Madison Street, Brooklyn, NY 11221 is currently assessed at $155,160.

What are the property taxes for 387 Madison Street, Brooklyn, NY 11221?

The property taxes for 387 Madison Street, Brooklyn, NY 11221 total $13,075.

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.