THE CONDO BOOK PROJECT

849 Madison Court Condominium

849 Madison Street, Brooklyn, NY 11221

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Overview

849 Madison Court is a 7-unit condo in Brooklyn.

  • Offering plan: Accepted May 2022 · 284 pages
  • Finishes: 8'11" ceilings, wood floors, granite kitchen countertops, plastic laminate cabinets, Samsung appliances and a washer and dryer in each apartment
  • Prices: $1,008 a square foot on average, as first offered; $3.05 million in all ($3.08 million when first offered)
  • Common charges: $263–$296 a month, the sponsor's first-year estimate
  • Sponsor: 849 Madison Court LLC, represented by Eial Girtz, PC
  • Neighborhood: Bedford-Stuyvesant, Brooklyn
  • Subway: 5-minute walk to Gates Av (J, Z); 8 minutes to Halsey St (J)
  • Amendments: 2, the latest in April 2023
  1. SubmittedSeptember 2022
  2. AcceptedMay 2022
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

6 of 7homes sold (86%)
Every sale: 6 homes, with price and dateSee it free →

From city records (ACRIS), through Nov 30, 2023.

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

Ask Claude or ChatGPT: How do 849 Madison Court's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 7 homes.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 7 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
849 Madison Court LLC
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R6B

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 849 Madison Court's common charges high for the area? No, they're on the low side. 849 Madison Court budgets $0.53 per square foot a month, against a $0.57 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?