551 Madison Street Brooklyn, NY $ 1,799,000
551 Madison Street
$ 1,799,000
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551 Madison Street

Brooklyn, NY, 11221
$ 1,799,000
Bedrooms5 Baths3.1 Sq 3,600

Monthly Estimate*

$ 11,957

551 Madison Street, Brooklyn, NY 11221 - Image 1
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Multi-Family Home for sale in Brooklyn, NY

for $1,799,000 with 5 bedrooms and 3 full baths, 1 half bath. This 3,600 square foot home was built in 1931.

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.

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Multi-Family Pending

Price

$ 1,799,000

Bedrooms

5

Full Bath

3

Half Bath

1

Property Type

Multi-Family

Taxes

$ 5,700

Style

MultiFamily

Year Built

1931

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

COMP1365946346828909593

Features
General
HOA 0.0
Pets Allowed BuildingNo No
Year Built 1931
Property SubType MultiFamily
Assoc Fee Paid Per Monthly
County Kings
New Construction No
Property Type Residential
Attached Garage No
Subdivision Name Bedford-Stuyvesant
Garage Y/N No
Total Rooms 8
City NewYorkCity
Total Units 3
Street Name Madison
Tax Annual Amount 5700.0
Structure Type MultiFamily
Building Area Units SquareFeet
Standard Status Pending
Tax Lot 82
Expected Active Date 2023-07-29
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Interior
Furnished Y/N Unfurnished
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Full Baths 3
Half Baths 1
Street Suffix Street
Laundry Features SeeRemarks
Total Bedrooms 5
Total Baths 4
Living Area Units SquareFeet
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Exterior
Lot Size Area 0.0
Building Area Total 3600.0
Lot Dimensions 20.000000x100.000000
Lot Size Units SquareFeet
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* Excluded Features
List By
Sean Henry

Listing Agent

Compass

Broker

(718) 216-3064

Phone

Affordability Calculator

$12,432
Per Month
96%
4%
0%
Monthly Principal & Interest
$11,957
Monthly Property Taxes
$475
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
1503813 Elementary School
1503814 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/2/2024$1,799,000 -2.76% Price Down
10/26/2023$1,850,000 Listed Price

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551 Madison Street, Brooklyn, NY, 11221 is a Multi-Family Home for sale at $1,799,000 with 3,600 sqft. 551 Madison Street has 5 bedrooms, 3.1 baths, and was built in 1931. The property's zip code is 11221 which is in Brooklyn, NY