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Sold
  • $1,180,000

    1042 Madison St, Brooklyn, NY 11221

    5beds
    --sqft
    Multi Family
    Built in 1910
    -- sqft lot
    $1,320,200 Zestimate®
    $--/sqft
    $3,616 Estimated rent

    Home value

    $1,320,200

    $1.21M - $1.44M

    $3,616/mo

    Zestimate® history
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    $3,616/mo

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    $6,995/mo

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    $6,995/mo

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    What's special

    Your next home or investment opportunity awaits – don't miss this golden chance! This exceptional 5-bedroom, 2 bathroom configured as a 2-family home, strategically positioned near the J and Z subway lines as well as the B60 and Q24 bus routes, offers versatile options for both homeowners and developers seeking investment opportunities. Situated on a quiet, tree-lined block, this beautiful multi-family is nestled on a 25 ft x 100 ft lot and building features a newly finished basement. Entire home will be *delivered vacant.* *For Homebuyers:* Step inside and discover a spacious, sunlit interior that's perfect for creating lasting memories. Enjoy thoughtful features, including skylights in the second-floor hallway and bathroom, flooding these spaces with natural radiance. For outdoor enthusiasts, the expansive cemented yard and pavers offer the perfect setting for leisure and recreation. The home also features wood burning fireplaces and hardwood floors. Whether you choose to occupy one unit and rent out the other, or if you're looking for space for extended family, this property offers versatile living options. The roof has been replaced just five years ago, ensuring durability and peace of mind for years to come. *For Developers:* This property is not only a perfect home but also an excellent investment opportunity. The R6 zoning and spacious lot provide potential for expansion or redevelopment projects. Whether you're interested in renovating and enhancing the existing structure or exploring new development possibilities, this property offers promising potential for a profitable venture with over 4000+ unused FAR to tap into. This residence has an allowed usable floor area of 6,073 and FAR as built 0.79. Inquire today for additional information, and make this 2-family property your next home or investment. Act now and schedule a private showing with a 48-hour notice. Your future home or development opportunity awaits!

    Zillow last checked:

    Listing updated:

    Listed by:

    Nest Seekers International,

    Jeanne Park

    Source: StreetEasy,MLS#: S1680272

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Appliances
    • Included: Dishwasher
    • Laundry: Inside
    Features
    • Flooring: Hardwood
    • Has fireplace: Yes
    Interior area
    • Total structure area: 0

    Property

    Features
    • Patio & porch: Other
    • Exterior features: Garden
    • Has view: Yes
    • View description: Garden, Park/Greenbelt
    Details
    • Parcel number: 033670024
    • Special conditions: Resale

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1910

    Community & neighborhood

    Location
    • Region: Brooklyn
    • Subdivision: Bushwick

    Price history

    DateEventPrice
    11/24/2023Sold$1,180,000
    Source: Public Record Report a problem
    10/12/2023Pending sale$1,180,000
    Source: StreetEasy Report a problem
    9/15/2023Listed for sale$1,180,000+3.7%
    Source: StreetEasy Report a problem
    8/10/2023Listing removed--
    Source: StreetEasy Report a problem
    7/12/2023Price change$1,138,000-4.2%
    Source: OneKey® MLS as distributed by MLS GRID #3473481 Report a problem
    4/25/2023Listed for sale$1,188,000-0.9%
    Source: OneKey® MLS as distributed by MLS GRID #3473481 Report a problem
    4/8/2022Listing removed--
    Source: OneKey® MLS as distributed by MLS GRID #3367172 Report a problem
    1/22/2022Listed for sale$1,199,000
    Source: OneKey® MLS as distributed by MLS GRID #3367172 Report a problem
    1/8/2022Listing removed--
    Source: OneKey® MLS as distributed by MLS GRID #3367172 Report a problem
    1/7/2022Listed for sale$1,199,000+286.8%
    Source: OneKey® MLS as distributed by MLS GRID #3367172 Report a problem
    9/30/2003Sold$310,000+110.9%
    Source: Public Record Report a problem
    6/1/2000Sold$147,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,773 +0.1%$72,840 +17.1%
    2024$2,770 $62,220 -18.5%
    2023-- $76,380 +4.6%
    2022-- $73,020 -5.7%
    2021-- $77,460 +24.1%
    2020$2,169 +1.5%$62,400
    2019$2,136 -6%$62,400 +474.3%
    2018$2,273 +8.6%$10,866 +5.8%
    2017$2,093 +31.3%$10,268 +5.8%
    2016$1,594 $9,703
    2015$1,594 +68.1%$9,703 +1.3%
    2014$949 $9,578 +5.8%
    2013-- $9,055 +5.8%
    2012-- $8,557 +5.8%
    2011-- $8,086
    2010-- $8,086 +1.3%
    2009-- $7,982 +5.8%
    2008-- $7,546 +5.8%
    2007-- $7,131 +5.8%
    2006-- $6,739
    2005-- $6,739 +1.3%
    2004-- $6,652 +5.8%
    2003-- $6,289 +5.8%
    2002-- $5,943 +5.8%
    2001-- $5,616
    2000-- $5,616

    Find assessor info on the county website

    Neighborhood: Bushwick

    Nearby schools

    GreatSchools rating