Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $4,100,000

· Closed August 21, 2023

171 Madison Street
Closed For Sale Multi Family

$4,100,000

$932 per sq ft

171 Madison Street

Bedford Stuyvesant, Brooklyn

MLS® #RLS10880227

RLS at REBNY

Listing by Compass

8

Bedrooms

7.5

Baths

4,400

Sq. Ft.

2021

Year Built

Quick Summary

Bedrooms 8
Bathrooms 8 full, 1 half
Living Area 4,400 sq ft
Year Built 2021
Neighborhood Bedford Stuyvesant

Property Highlights

  • Outdoor Space: Building Patio, Patio, Balcony

Property Details

Type Multi Family
Total Rooms 18
Baths 7 Full, 1 Half
Pets Yes
Cross Street Nostrand Avenue/Bedford Avenue
Year Built 2021
Living Area 4,400 sq ft
Parcel # 01817-0078
Block/Lot 1817/78

Listing History

Event Date Price Change
Listed Dec 16, 2022 $4,100,000 -
Currently May 6, 2026 $4,100,000 -

Description

171 Madison St is a newly constructed building with four (4) floor-through two-bedroom residences across four stories tall and encompasses approximately 4,400 gross square feet with a frontage of 22' and 100' deep and has a finished roof deck and basement. The building is fully tenant-occupied and has a gross income of $216,000 with a cap rate of 4.65% after expenses. The apartments are well-appointed with high-end, condo-quality finishes and individual utilities. The apartments are designed to feel spacious and comfortable with plenty of light and air. The upper units have two balconies, while the first and second-floor apartments have private backyards. The custom kitchens feature integrated Fisher and Paykel appliances, wine cooler, Vigo fixtures, and matte gray soft close cabinets. The bathrooms feature marble tiles, Brizo fixtures, and medicine cabinets with integrated LED lighting. Each residence also has a washer and dryer, central heating and cooling, Bluetooth keyless smart locks, and built-in Bluetooth speakers in every room. 171 Madison St is on the cusp of Clinton Hill and Bedford-Stuyvesant on a beautiful block between Bedford and Nostrand Aves and within minutes to some of the neighborhood's hot spots including Speedy Romeo, Hart's, Chilo's, Fan Fan Doughnuts, Do or Dive, Clementine Bakery, as well as countless local shops and boutiques.

Features & Amenities

Exterior Features

Balcony Building Roof Deck Garden Building Patio Patio Balcony

Building Information

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

100

Median Asking Price

$1.26M

Median $/Sqft

$935

Avg Days on Market

N/A

New This Week

10

Price Reduced

18%

Sold (30 Days)

15

Median Sale Price

$1.90M

Live data from RLS at REBNY • Updated 5/6/26, 10:00 AM EST

Recently Sold in Bedford Stuyvesant

View All

Location

Loading map...

171 Madison Street, Bedford Stuyvesant, Kings County • Near Nostrand Avenue/Bedford Avenue

Floor Plans

Floor Plan 1
Floor Plan 2
Floor Plan 3

Building Information

Official NYC property records for this building

1931
Year Built
95 years old
3
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $72,300
Land Value: $14,580
Exemptions: $0

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

Lot Area: 2,200 SF
Building Area: 4,400 SF
Built FAR: 2
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 8 bedrooms and 7 full bathrooms and 1 half bathroom.

The listed interior living area is 4,400 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2021, making it approximately 5 years old.

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

At the current list price of $4,100,000 for 4,400 sq ft, the asking price per square foot is approximately $932. This figure is for reference only and may differ from appraised or assessed values.

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: RLS10880227
First Listed: 12/16/2022
Price Changed: 12/16/2022
Closed: 8/21/2023
Contract Date: 12/13/2022

Listing Courtesy of Compass - Natalia Correa

Listing Contact: (646) 770-5583

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 5/6/2026 at 2:00 PM UTC

Buying Multi-Family? Start Here

2–4 Unit Multi-Family Investing in NYC

Cap rates, financing, and what to look for in small multifamily.

Read article

NYC Closing Costs: Complete Breakdown

Buyer and seller closing costs itemized, including what to budget for.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Your info is secure and never shared.

View Active Listings Call Milton