Kings  »  11221  »  Madison St  »  1240 Madison St

1240 Madison Street, Brooklyn, NY 11221 - Property report

Also known as: 1355 Putnam Ave

Property image for 1240 Madison Street, Brooklyn, NY 11221
static Mapbox map

Property type

Five to Six Families (C2)

Year built

1910

Lot sq. ft.

2,500

Sale price

$900,000

General information

Unlock this property report with a free account

Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
1240 Madison Street
Alternate address(es)
1355 Putnam Ave
ZIP code
11221
Neighborhood
Bushwick
Borough
Brooklyn
Block & lot
03370-0059

Owner

Find out who owns 1240 Madison Street, Brooklyn, NY 11221. Uncover corporate and individual owners with a free account.

Building
Property type
Five to Six Families (C2)
Building sq. ft.
5,250
Building dimensions
25 ft x 70 ft
Buildings on lot
1
Stories
3
Year built
1910
Last altered
2015
Building material
Sales
Sale date
06/24/2014
Sale price
$900,000
Tax
Tax year
2026-2027
Property tax
$7,122
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
6
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
25 ft x 100 ft
Lot sq. ft.
2,500

Area overview

Walk score
86 /100.  Very Walkable
Transit score
100 /100.  Rider's Paradise
Bike score
88 /100.  Very Bikeable
School district
32
Community district
4
Closest police station
0.31 Miles
Closest fire station
0.14 Miles

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

Ownership

Ownership information for 1240 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 1240 Madison Street, Brooklyn, NY 11221

Sale date Sale price Buyer name Seller name
06/24/2014 $900,000 XXXX XXXXXX XXXXXX XXX XXX XXXXXXXXXX, XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/31/2022 - R UCC3 Continuation
(2022102700251001)		 XXXX XXXXXX XXXXXX XXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
11/29/2018 - R UCC3 Assignment
(2018112900340002)		 XXXX XXXXXX XXXXXX XXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
11/29/2018 - R
11/06/2018 - D		 Assignment, Mortgage
(2018112900340001)		 XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX XXXXXXXXXX XXXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
04/26/2018 - R UCC3 Termination
(2018042400394002)		 XXXX XXXXXX XXXXXX XXX XXXXXXX XXXXXXXXX XXXX
04/26/2018 - R Initial UCC1
(2018042301225005)		 XXXX XXXXXX XXXXXX XXX XXXXXXX XXX XXXXXXXXXXX XXXXXXX XXX
04/26/2018 - R
04/17/2018 - D		 Assignment, Mortgage
(2018042301225004)		 XXXXXXX XXX XXXXXXXXXXX XXXXXXX XXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
04/26/2018 - R
04/17/2018 - D		 Agreement
(2018042301225003)		 XXXX XXXXXX XXXXXX XXX XXXXXXX XXX XXXXXXXXXXX XXXXXXX XXX
04/26/2018 - R
04/17/2018 - D		 Mortgage
(2018042301225002)		 XXXX XXXXXX XXXXXX XXX XXXXXXX XXX XXXXXXXXXXX XXXXXXX XXX
04/26/2018 - R
04/12/2018 - D		 Termination of Assign of L&R
(2018042400394001)		 XXXXXXX XXXXXXXXX XXXX XXXX XXXXXX XXXXXX XXX
04/26/2018 - R
04/12/2018 - D		 Assignment, Mortgage
(2018042301225001)		 XXXXXXX XXXXXXXXX XXXX XXXXXXX XXX XXXXXXXXXXX XXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1240 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
$7,122
Municipal exemptions
Recent tax assessments
Market value
$1,076,000
Assessed value
$484,200

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 $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%
2020/21 $520,000 $234,000 $40,779 12.267% $5,002 $5,002 -1.65%
2019/20 $484,800 $218,160 $40,779 12.473% $5,086 $5,086 +3.28%
2018/19 $404,000 $181,800 $39,050 12.612% $4,925 $4,925 +4.40%
2017/18 $381,532 $171,689 $37,089 12.719% $4,717 $4,717 -56.57%
2016/17 $397,000 $178,650 $84,257 12.892% $10,862 $10,862 +46.99%
Permits

Permit information for 1240 Madison Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
02/28/2017 New building
12/01/2016 New building
12/01/2016 New building
12/01/2016 Alteration type 3
09/02/2016 New building

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
02/24/2017 Lblvio-low pressure boiler
03/19/2003 Ll6291-local law 62/91 - boilers
03/26/2002 Ll6291-local law 62/91 - boilers

*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
Palmetto St & Wycoff Ave at NE Corner
Station lines
L-M
Distance (miles)
0.382
View subway map

Access the detailed traffic volume map for 1240 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

Neighbors for 1240 Madison Street, Brooklyn, NY

403 Irving Ave, Brooklyn 1377 Putnam Ave, Brooklyn 1347 Putnam Ave, Brooklyn 405 Irving Ave, Brooklyn 399 Irving Ave, Brooklyn 1359 Putnam Ave, Brooklyn 1363 Putnam Ave, Brooklyn 1375 Putnam Ave, Brooklyn 1349 Putnam Ave, Brooklyn 1379 Putnam Ave, Brooklyn 407 Irving Ave, Brooklyn 1367 A Putnam Ave, Brooklyn 1369 Putnam Ave, Brooklyn 1351 Putnam Ave, Brooklyn 409 Irving Ave, Brooklyn 401 Irving Ave, Brooklyn 1361 Putnam Ave, Brooklyn 1365 Putnam Ave, Brooklyn 1371 Putnam Ave, Brooklyn 1381 Putnam Ave, Brooklyn

Nearby ZIP codes for 1240 Madison Street, Brooklyn, NY

11101, New York City, NY 11104, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11207, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11216, New York City, NY 11217, 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 11378, New York City, NY 11379, New York City, NY 11385, New York City, NY

Frequently asked questions

What is the year built for 1240 Madison Street, Brooklyn, NY 11221?

The development at 1240 Madison Street, Brooklyn, NY 11221 was built in 1910.

What is the total square footage of 1240 Madison Street, Brooklyn, NY 11221?

1240 Madison Street, Brooklyn, NY 11221 has a total of 5,250 square feet.

When was 1240 Madison Street, Brooklyn, NY 11221 last sold and what was the sale price?

1240 Madison Street, Brooklyn, NY 11221 was last sold on 06/24/2014 for $900,000.

What is the assessed value of 1240 Madison Street, Brooklyn, NY 11221?

1240 Madison Street, Brooklyn, NY 11221 is currently assessed at $484,200.

What are the property taxes for 1240 Madison Street, Brooklyn, NY 11221?

The property taxes for 1240 Madison Street, Brooklyn, NY 11221 total $7,121.

How many residential units does this building have?

This building has 6 residential unit(s).

Disclaimer

Copyright 2003-2026 by PropertyShark.com

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.

Sign up for a free account