Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,625,000

· Closed March 1, 2023

116 MADISON Street #NA
Closed For Sale Multi Family

$1,625,000

116 MADISON Street #NA

Bedford-Stuyvesant, Brooklyn

MLS® #RLS10832359

RLS at REBNY

Listing by Corcoran Group

6

Bedrooms

3.5

Baths

N/A

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 6
Bathrooms 4 full, 1 half
Year Built N/A
Neighborhood Bedford-Stuyvesant

Property Highlights

  • Location: Bedford-Stuyvesant, Brooklyn
  • Property Type: Multi Family

Property Details

Type Multi Family
Total Rooms 4
Baths 3 Full, 1 Half
Pets Yes
Parcel # 01990-0028

Listing History

Event Date Price Change
Listed Jun 2, 2022 $2,200,000 -
Price Reduced Mar 10, 2023 $1,800,000 -18.2%
Currently Apr 22, 2026 $1,625,000 -9.7%

Description

116 Madison St, a 2,280 square-foot legal needs complete renovation C/O five families used as a one Brownstone which is situated in Bedstuy Boarding Clinton Hill. The building has a unused FAR of 1,720 (verify) This is an amazing opportunity with lots of upside for the right investor or end user. House will be delivered vacant. This.....Location....Location.......Location.....is minutes away from New York City's third largest business district and the fastest growing downtown neighborhood in the nation, with over $6 billion in public and private investment in the past decade. Biking distance to City point, Alamo Draft House, Trader Joe, Brooklyn Academy of Music and Barclays Center. Blocks away from neighborhood Bars, enjoy dinner at Peaches, Cheri's, Chez Oskar, Dance at Lovers Rock, Enjoy Art Exhibitions at THE HOUSE OF ART etc. Minutes to NYC via train OWNER IS MOTIVATED TO SELL......

that you can add to 116 Madison St Property which would give you if you combine a total of 2,620 unused FAR.

Features & Amenities

Appliances

Washer Dryer Allowed

Building Information

Total Units 3
Stories 3

Bedford/Stuyvesant, in Brooklyn, features a mix of traditional brownstone row houses and mid-rise apartment buildings. Local amenities include proximity to major parks and robust access via subway lines, such as the L and J/Z trains. The area retains much of its historic architecture alongside newer residential developments.

Bedford-Stuyvesant Live Market Data

View Neighborhood

Active Listings

89

Median Asking Price

$1.25M

Median $/Sqft

$874

Avg Days on Market

N/A

New This Week

6

Price Reduced

18%

Sold (30 Days)

16

Median Sale Price

$1.90M

Live data from RLS at REBNY • Updated 4/22/26, 6:01 PM EST

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Location

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116 MADISON Street #NA, Bedford-Stuyvesant, Kings County

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
3
Floors
3
Residential Units
R6B
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $113,340
Land Value: $20,340
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,000 SF
Building Area: 3,040 SF
Built FAR: 1.52
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

This property has 6 bedrooms and 3 full bathrooms and 1 half bathroom.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10832359
First Listed: 6/2/2022
Price Changed: 3/10/2023
Closed: 3/1/2023
Contract Date: 6/2/2022

Listing Courtesy of Corcoran Group - IAN PARKER

Listing Contact: (718) 810-5104

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/22/2026 at 10:01 PM UTC

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