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Sold for $1,700,000
  • $1,700,000

    551 Madison St, Brooklyn, NY 11221

    5beds
    3,600sqft
    MultiFamily
    Built in 1931
    -- sqft lot
    $2,124,600 Zestimate®
    $472/sqft
    $4,827 Estimated rent

    Home value

    $2,124,600

    $1.85M - $2.46M

    $4,827/mo

    Zestimate® history
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    Owner options

    List your home for rent

    $4,827/mo

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    $4,827/mo

    Rent Zestimate®

    Refinance and save

    $11,008/mo

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    $11,008/mo

    Est. payment

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    What's special

    Upon walking up to 551 Madison, your eyes are drawn to the dog-legged front stoop that still has its original metal work and handrails. Your eyes then notice the height and presence of the structure, and see that the whole tree lined block is full of well kept brownstones. Measuring in at 20x 45 on a 100 foot lot with an extension on the rear of the garden level, this property is full of intact original details that have been preserved throughout the years. The home features original wood details-- hardwood floors, moldings, decorative mantles, pier mirror, window shutters, and wainscoting. The parlor floor is perfectly situated for grand entertaining with its high ceilings, and rear windows overlooking the garden. This is also where you will find an abundance of detail, particularly the pier mirror with such beautiful crown molding. Wainscoting follows up the steps to the higher levels where you will find the rental units. The legal use is a two unit, being used as a three, but an ideal setup here would be a triplex over a garden rental, or two double duplexes. It's all up to you. This block is full of delightful neighbors, where their smiles and good mornings will warm you daily. Also steps to cafes, restaurants, groceries, and a quick walk to the A express train at Utica.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Appliances
    • Included: Dryer, Washer
    Interior area
    • Total interior livable area: 3,600 sqft

    Property

    Lot
    • Size: 2,000 sqft
    Details
    • Parcel number: 016400082

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1931

    Community & neighborhood

    Location
    • Region: Brooklyn

    Price history

    DateEventPrice
    6/27/2024Sold$1,700,000-5.5%$472/sqft
    Source: Public Record Report a problem
    3/8/2024Pending sale$1,799,000$500/sqft
    Source: StreetEasy Report a problem
    1/2/2024Listed for sale$1,799,000-2.8%$500/sqft
    Source: StreetEasy Report a problem
    11/10/2023Listing removed--
    Source: StreetEasy Report a problem
    8/18/2023Price change$1,850,000-7.5%$514/sqft
    Source: StreetEasy Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,886 $63,480 +9.1%
    2023-- $58,200 +22.2%
    2022-- $47,640 +29.5%

    Find assessor info on the county website

    Neighborhood: Bedford-Stuyvesant

    Nearby schools

    GreatSchools rating