| Primary address | 1240 Madison Street |
| Secondary address | 1355 Putnam Ave |
| Neighborhood | Bushwick |
| Zip code | 11221 |
| Borough | Brooklyn |
| Block & lot | 03370-0059 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 06/24/2014 |
| Purchase price | $900,000 |
| Tax class | Register |
| Estimated property tax | $7,121 |
| Lot sqft | 2,500 |
| Lot dimensions | |
| Building class | Five to Six Families (C2) |
| Building sqft | 5,250 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 3 |
| Year built | 1910 |
| Year last altered | 2015 |
| Construction type | Register |
| School district | 32 |
| Community district | 4 |
| Closest police station | 0.31 Miles |
| Closest fire station | 0.14 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
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You will find all alternate addresses for the property in this section.
1240 Madison Street, Brooklyn, NY 11221 was built in 1910 and has a total of 5,250 square feet.
What is the assessed value of 1240 Madison Street, Brooklyn, NY 11221 and the property tax paid?Assessed at $403,650, the tax amount paid for 1240 Madison Street, Brooklyn, NY 11221 is $6,594. For the next year, the tax amount for 1240 Madison Street, Brooklyn, NY 11221 is estimated at $7,121.
When was 1240 Madison Street, Brooklyn, NY 11221 last sold and what was the last sale price?1240 Madison Street, Brooklyn, NY 11221 was last sold in 06/24/2014 for $900,000.
How many residential units does this building have?This building has 6 residential unit(s).
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
Create a free account to view the complete sales history for 1240 Madison Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 06/24/2014 | $900,000 | Register | Register |
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for 1240 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: | $6,594 |
| Estimated property tax: | $7,121 |
| Tax assessor's market value: | $897,000 |
| Assessed value: | $403,650 |
Here's the assessment & property tax history for 1240 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 | $897,000 | $403,650 | $53,013 | 12.439% | $6,594 | $6,594 | -0.49% |
| 2024/25 | $841,200 | $378,540 | $53,013 | 12.5% | $6,627 | $6,627 | +4.41% |
| 2023/24 | $701,000 | $315,450 | $50,765 | 12.502% | $6,347 | $6,347 | +8.77% |
| 2022/23 | $689,000 | $310,050 | $47,564 | 12.267% | $5,835 | $5,835 | +8.29% |
| 2021/22 | $648,000 | $291,600 | $44,041 | 12.235% | $5,388 | $5,388 | +7.71% |
The complete history of permits filed for 1240 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.
Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.
Check out recently sold homes in Brooklyn and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
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Distance to Subway
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| Closest station | Palmetto St & Wycoff Ave at NE Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | L-M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.382 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | Wilson Av/Putnam Av | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | B60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.054 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for 1240 Madison Street, Brooklyn, NY 11221.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 403 Irving Ave, Brooklyn | 3,300 | 01/19/2007 | $420,000 |
| 1377 Putnam Ave, Brooklyn | 1,936 | 10/01/1999 | |
| 1347 Putnam Ave, Brooklyn | 2,880 | 07/10/2002 | |
| 405 Irving Ave, Brooklyn | 3,300 | 10/20/2025 | $1,200,000 |
| 399 Irving Ave, Brooklyn | 3,300 | 02/10/2010 | |
| 1359 Putnam Ave, Brooklyn | 1,960 | 06/22/2017 | |
| 1363 Putnam Ave, Brooklyn | 1,960 | 10/04/2024 | $10 |
| 1375 Putnam Ave, Brooklyn | 1,936 | 10/01/1999 | |
| 1349 Putnam Ave, Brooklyn | 2,880 | 12/14/2011 | |
| 1379 Putnam Ave, Brooklyn | 1,936 | 06/01/2005 | |
| 407 Irving Ave, Brooklyn | 3,300 | 05/06/2014 | |
| 1367 A Putnam Ave, Brooklyn | 1,960 | 01/13/2009 | $550,000 |
| 1369 Putnam Ave, Brooklyn | 2,880 | 03/02/2015 | $590,000 |
| 1351 Putnam Ave, Brooklyn | 2,880 | 12/07/2012 | $590,000 |
| 409 Irving Ave, Brooklyn | 3,540 | 02/04/2010 | $638,000 |
| 401 Irving Ave, Brooklyn | 3,300 | 06/18/2025 | $1,180,000 |
| 1361 Putnam Ave, Brooklyn | 1,960 | 10/09/2018 | |
| 1365 Putnam Ave, Brooklyn | 1,960 | 10/22/1999 | |
| 1371 Putnam Ave, Brooklyn | 2,880 | 01/05/2010 | |
| 1381 Putnam Ave, Brooklyn | 1,936 | 03/23/2012 | $495,000 |
