New York  »  Brooklyn  »  11206  »  Bushwick

123 Melrose Street, Brooklyn, NY 11206

Bushwick, Northern Brooklyn, Brooklyn
Building in Bushwick
9 Stories
468 Units
Built in 2019
123 Melrose Street - Photo 1
123 Melrose Street, Apt 367
Bushwick, Northern Brooklyn, Brooklyn
$3,288
|
1 Bed
|
1 Bath
By Robert Bateman
No Fee
Welcome to 123 Melrose Street, a building located in Bushwick, Northern Brooklyn, Brooklyn in Brooklyn, NY. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 2019. This is a relatively tall building with a total of 9 floors. From what we gather, there are a total 468 residential units. Finally, 123 Melrose Street was most recently sold on Dec 2, 2021 for $256,795,000. The market value for the land that the building sits on has been listed at $6,398,000. In addition, improvements upon the building have an added value of $61,052,000. In total, the total market value of the property as a whole is $67,450,000. According to local assessors, the total value of the building is currently valued at $29,881,800. Specifically, the value of the land that the property sits on has been assessed at $2,879,100. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Amenities
Doorman
Elevator
Fitness Center
Laundry In Building
Common Outdoor Space
Storage Facility
Policies
Cats Allowed
Dogs Allowed
Facts
General
Year Built
2019
Effective Year Built
2019
First Altered Year
2014
Building Count
1
Bedroom Count
0
Building Condition
unknown
Building Quality
unknown
Construction Type
unknown
Building Style
unknown
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Count
9
Total Unit Count
469
Living Units
469
Residential Unit Count
468
Business/Commerical Units Count
711
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Location Influence Type
unknown
Unit Count
Building Floor Area
Residential Building Floor Area
361,659
Commercial Building Floor Area
23,324
Retail Building Floor Area
23,324
Floor Area Ratios
Building Area Source
2
Building
Building Type
unknown
Property Class
Commercial
Lot Type
3
Land Acres
1.986
Land Use
04
Standard Land Use Code
Retail/residential (mixed use)
County Land Use Code
unknown
Irregular Lot Code
Y
Proximity Code
3
Sanborn Map Number
309 008
Ownership
Current Owner's Name
EVERGREEN GARDENS II LLC
Neighborhood
Census Block
1002
Community District
304
City Council District
34
Police Precinct
83
Fire Company
E218
Health Area
1710
Sanitation District Borough
3
Sanitation Subsection
1A
School District
32
School District Name
New York City Department Of Education
School Tax School District
BROOKLYN
Census Tract
039100
Census Block Code
1002
Census Group
1
Census Year
2018
Census - Combined Statistical Area - Area Code
408
Census - Combined Statistical Area - Area Name
New York-Newark, NY-NJ-CT-PA
Census - County FIPS
36047
Census - Full FIPS
360470391001002
Census - Metropolitan Division - Area Code
35614
Census - Metropolitan Division - Area Name
New York-Jersey City-White Plains, NY-NJ
Census - Metro Micro Statistical Area - Area Code
35620
Census - Metro Micro Statistical Area - Area Name
New York-Newark-Jersey City, NY-NJ-PA
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
3610022
Census Source
US Census Bureau
Census State FIPS
36
Census Tract 2010
0391
Census Tract Code
039100
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
3620580
School District - Unified - Name
New York City Department Of Education
Zoning
Split Boundary Zone Indicator
Y
Zoning
R6A
Zoning District 2
R7A
Zoning Commercial Overlay 1
C2-4
Zoning Map Number
13b
Geography
Account Number
3-03152-0048
District
04
Section
1101
Parcel
03152-0048
Borough Name
BK
Borough Code
3
Block
3152
Lot
48
Lot Code
unknown
Borough Block Lot
3031520048
Municipality
BUSHWICK
Latitude
40.6998
Longitude
-73.9333
Apportionment BBL
3031520048
Apportionment Date
Dec 21, 2017
FIPS
36047
Mailing Carrier Code
C018
Mailing Street Direction
W
Mailing Full Street Address
40 W 57TH ST FL
Mailing House Number
40
Mailing Street Mode
ST
Mailing Street
57TH
Mailing Unit Type
FL
Mailing 4-Digit Zip Code
4001
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
X Coordinates
1002700
Y Coordinates
194227
Valuation
Timestamp
2024-01-25 23:06:02
UCID Flag
C
E-Designation Number
E-315
Pluto Map ID
1
More About The Building
In total, the building area is listed as 384,983 square feet. To break it down, the depth of the building was measured at 208 square feet and the front is listed as 447 square feet. In comparison, the lot area is listed as 86,512 square feet. The depth of the property lot was measured at 268 square feet and the front at 447 square feet. The building itself has 384,983 square footage of total floor area. Out of that, 361,659 square footage of floor area is residential. The rest of the space could be utilized as commercial, garage, factory, or alternative use space. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 123 Melrose Street is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Bushwick area have a median price of $3,350. Those in the 25th percentile, have a price around $3,000. While those in the 75th percentile, have a price around $3,650. Typically, the buildings in this area have a median sqft of 900. That means that the median price per sqft is around $4. In other words, the price per sqft for buildings in the 25th percentile is $3. While the price per sqft for buildings in the 75th percentile is $4. As a breakdown, we've included the following stats:

  • There are currently a total of 14 studio listings. The median price for these types of listings is $2,771. That's $2.92 price per sqft.

  • There are currently a total of 56 one bedroom listings. The median price for these types of listings is $2,963. That's $4.01 price per sqft.

  • There are currently a total of 120 two bedroom listings. The median price for these types of listings is $3,303. That's $3.97 price per sqft.

  • There are currently a total of 82 three bedroom listings. The median price for these types of listings is $3,500. That's $3.07 price per sqft.

  • There are currently a total of 25 four bedroom listings. The median price for these types of listings is $4,200. That's $2.72 price per sqft.
About The Area
123 Melrose Street is located in Kings County, New York. There are 2,606,852 people living here. There are 938,803 households. Most of these households have an average family size of 3.46 people. According to the census, 71% are currently renting while 29% own their homes. The median age of this population is around 34.5 years old. On average, most folks in the county are unmarried. About 46% of folks speak a language other than English in this area. The area's employment rate is currently around 57.8%. Speaking of employment, the median income is $50,640. Most folks will commute by public transportation for around 42.0 minutes. Finally, we know that 26% of residents in the area have graduated with their high school degree. Additionally, 21% and 13% have their Bachelor's and Master's degree, respectfully.

Moving on to the urban area level. New York - Newark, NY - NJ - CT Urban Area has a population of 18,812,161 people. Based on census records, there are 6,707,347 registered households. Families in this area are on average made up of 3.42 people per household. Most folks are unmarried. They are also typically around 37.8 years old. Does diversity matter to you? Right now, 40% of folks speak a language other than English here. About 50% rent while 50% purchased their homes. Right now, the community is made up of 25% of residents who have graduated with at least a high school degree. On top of that, 22% have a Bachelor's degree and 16% have a Master's degree. The employment rate is currently around 59.7%. Those employed, have a median income of $68,319.

$2,771
Studio Median Rent
$2,963
1BR Median Rent
$3,303
2BR Median Rent
$3,500
3BR Median Rent
PUBLIC TRANSIT
M
J
Z
Myrtle Av (0.23 mi - 5 min walk)
MTA New York City Transit
M
Central Av (0.31 mi - 7 min walk)
MTA New York City Transit
M
J
Flushing Av (0.44 mi - 10 min walk)
MTA New York City Transit
L
Morgan Av (0.45 mi - 11 min walk)
MTA New York City Transit
J
Kosciuszko St (0.49 mi - 12 min walk)
MTA New York City Transit

Nearby Schools

(within attendance boundary)
PS 145 ANDREW JACKSON  •  0.13 mi
100 Noll St, Brooklyn, NY 11206
Public  •  Elementary  •  Grades PK to 5
New York City Geographic District #32
IS 347 SCHOOL OF HUMANITIES  •  0.25 mi
35 Starr St, Brooklyn, NY 11221
Public  •  Middle School  •  Grades 6 to 8
New York City Geographic District #32
321 Palmetto St, Brooklyn, NY 11237
Public  •  High School  •  Grades 6 to 12
New York City Geographic District #32
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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