Kings  »  11216  »  Madison St  »  242 Madison St

242 Madison Street, Brooklyn, NY 11216 - Property report

Also known as: 242 Madison St

Property image for 242 Madison Street, Brooklyn, NY 11216
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Property type

Over Six Families without Stores (C1)

Year built

1931

Lot sq. ft.

2,842

Sale price

$6,000,000

General information

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Address
Primary address
242 Madison Street
ZIP code
11216
Neighborhood
Bedford-Stuyvesant
Borough
Brooklyn
Block & lot
01823-0023

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
9,486
Building dimensions
28.42 ft x 82 ft
Buildings on lot
1
Stories
4
Year built
1931
Building material
Sales
Sale date
03/29/2022
Sale price
$6,000,000
Tax
Tax year
2026-2027
Property tax
$17,712
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
28.42 ft x 100 ft
Lot sq. ft.
2,842

Area overview

Walk score
94 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
77 /100.  Very Bikeable
School district
13
Community district
3
Closest police station
0.35 Miles
Closest fire station
0.10 Miles

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

Ownership

Ownership information for 242 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 242 Madison Street, Brooklyn, NY 11216

Sale date Sale price Buyer name Seller name
03/29/2022 $6,000,000 XXXXXXXXX XXXXXX XX X X X , XXXXXXX XXXXXX XXXXXXXX XXX
06/28/2012 $1,250,000 XXXXXXX XXXXXX XXXXXXXX XXX XXXXXX X XXXXX, XXXXXXX XXX XX XXX XXXXXXXXX XXX
03/01/2004 $10,000 XXXXXXXXX XXXXXX XXX XXXXXX, XXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
12/30/2025 - R UCC3 Termination
(2025121900700026)		 XXXXXXXXX XXXXXX X X X XXXXXXX XXX XXXXXXXXXXX X X
12/30/2025 - R UCC3 Termination
(2025121900700025)		 XXXXXXXXX XXXXXX X X X XXXXXXX XXX XXXXXXXXXXX X X
12/30/2025 - R
12/15/2025 - D		 Termination of Assign of L&R
(2025121900700011)		 XXXXXXX XXX XXXXXXXXXXX X X XXXXXXXXX XXXXXX X X X
12/23/2025 - R
12/15/2025 - D		 Assignment, Mortgage
(2025121600124024)		 XXXXXX XXXXXX XXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
12/23/2025 - R
12/15/2025 - D		 Agreement
(2025121600124023)		 XXXXXXXXX XXXXXX XXX X X X XXXXXX XXXXXX XXX
12/23/2025 - R
12/15/2025 - D		 Assignment, Mortgage
(2025121600124012)		 XXXXXXX XXX XXXXXXXXXXX X X XXXXXX XXXXXX XXX
10/07/2022 - R Initial UCC1
(2022100500865002)		 XXXXXXXXX XXXXXX X X X XXXXXXX XXX XXXXXXXXXXX X X
10/07/2022 - R Initial UCC1
(2022100500865001)		 XXXXXXXXX XXXXXX X X X XXXXXXX XXX XXXXXXXXXXX X X
10/07/2022 - R
09/23/2022 - D		 Assignment of Leases and Rents
(2022100500070006)		 XXXXXXXXX XXXXXX X X X XXXXXXX XXX XXXXXXXXXXX X X
10/07/2022 - R
09/23/2022 - D		 Mortgage
(2022100500070005)		 XXXXXXXXX XXXXXX X X X XXXXXXX XXX XXXXXXXXXXX X X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 242 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
$17,712
Municipal exemptions
Recent tax assessments
Market value
$2,682,000
Assessed value
$1,206,900

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 $2,326,000 $1,046,700 $139,299 12.439% $17,327 $17,327 +7.47%
2024/25 $1,938,000 $872,100 $128,981 12.5% $16,123 $16,123 +5.69%
2023/24 $1,615,000 $726,750 $122,015 12.502% $15,254 $15,254 +7.62%
2022/23 $1,356,000 $610,200 $115,551 12.267% $14,175 $14,175 +5.77%
2021/22 $1,085,000 $488,250 $109,532 12.235% $13,401 $13,401 +1.95%
2020/21 $1,053,000 $473,850 $107,153 12.267% $13,144 $13,144 +6.22%
2019/20 $877,200 $394,740 $99,216 12.473% $12,375 $12,375 +4.54%
2018/19 $731,000 $328,950 $93,858 12.612% $11,837 $11,837 +4.71%
2017/18 $649,000 $292,050 $88,885 12.719% $11,305 $11,305 +4.08%
2016/17 $666,000 $299,700 $84,255 12.892% $10,862 $10,862 +0.07%
Permits

Permit information for 242 Madison Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
01/27/2012 Alteration type 2

*Most recent permit on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
01/09/2020 Aeuhaz1-fail to certify class 1
03/01/2013 Lblvio-low pressure boiler
04/28/2012 Ub-unsafe buildings

*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
Nostrand Ave & Fulton St at NW Corner
Station lines
A-C
Distance (miles)
0.283
View subway map

Access the detailed traffic volume map for 242 Madison Street, Brooklyn, NY 11216 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 242 Madison Street, Brooklyn, NY

248 Madison St, Brooklyn 325 Putnam Ave, Brooklyn 321 Putnam Ave, Brooklyn 232 Madison St, Brooklyn 226 Madison St, Brooklyn 240 Madison St, Brooklyn 224 Madison St, Brooklyn 327 Putnam Ave, Brooklyn 238 Madison St, Brooklyn 236 Madison St, Brooklyn 234 Madison St, Brooklyn 252 Madison St, Brooklyn 230 Madison St, Brooklyn 244 Madison St, Brooklyn 246 Madison St, Brooklyn 226 A Madison St, Brooklyn 832 Marcy Ave, Brooklyn 323 Putnam Ave, Brooklyn 250 Madison St, Brooklyn 228 Madison St, Brooklyn

Nearby ZIP codes for 242 Madison Street, Brooklyn, NY

10002, New York City, NY 11201, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11207, New York City, NY 11210, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11215, New York City, NY 11217, New York City, NY 11218, New York City, NY 11221, 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

Frequently asked questions

What is the year built for 242 Madison Street, Brooklyn, NY 11216?

The development at 242 Madison Street, Brooklyn, NY 11216 was built in 1931.

What is the total square footage of 242 Madison Street, Brooklyn, NY 11216?

242 Madison Street, Brooklyn, NY 11216 has a total of 9,486 square feet.

When was 242 Madison Street, Brooklyn, NY 11216 last sold and what was the sale price?

242 Madison Street, Brooklyn, NY 11216 was last sold on 03/29/2022 for $6,000,000.

What is the assessed value of 242 Madison Street, Brooklyn, NY 11216?

242 Madison Street, Brooklyn, NY 11216 is currently assessed at $1,206,900.

What are the property taxes for 242 Madison Street, Brooklyn, NY 11216?

The property taxes for 242 Madison Street, Brooklyn, NY 11216 total $17,712.

How many residential units does this building have?

This building has 8 residential unit(s).

Disclaimer

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