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Brooklyn / Bushwick (East) / 11221

951 MADISON STREET

Recorded on the Digital Tax Map as 951 MADISON STREET CONDOMINIUM.

Boro3
Block3357
Lot7501
BBL3033577501
Class RM
Residential units
37
Units in total
41
Storeys
7
Year built
1994
Last alteration on file
-
Recorded transfers
None
01

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

02

The building on the lot

Section through the lot

LOT 11,370 SQ FT7
Drawn from PLUTO: 7 storeys, 39,338 sq ft of building on 11,370 sq ft of lot, an average floor plate covering 49% of it. PLUTO records 2 buildings on this lot, so the mass drawn is their combined floor area. It is a diagram of recorded figures, not a picture of the building.
Lot area
11,370 sq ft
Building area
39,338 sq ft
Residential area
25,803 sq ft
Commercial area
13,535 sq ft
Office area
-
Retail area
-
Buildings on the lot
2
Built floor area ratio
3.46
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$179,100
Assessed total value
$3,943,064
Exempt value
$3,091,879
Assessed per residential unit
$106,569

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

04

Classification and location

Building class
RM
Neighbourhood
Bushwick (East)
ZIP code
11221
Community district
Brooklyn 4
Council district
37
Coordinates
40.688471, -73.919864

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in Bushwick (East)

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
340 EVERGREEN AVENUED116820190-
8 PALMETTO STREETRM11520200-
87 PALMETTO STREETD111519800-
871 BUSHWICK AVENUERI11019540-
1325 BROADWAYD710720230-
43 GOODWIN PLACED110019911-
297 WILSON AVENUED19619960-
1103 GATES AVENUEC18319281-
1255 GATES AVENUED18320080-
269 CENTRAL AVENUEC17219820-
335 IRVING AVENUERR7019630-
93 LINDEN STREETD16820191-

Every building on file in Bushwick (East)