Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,700,000

· Closed June 17, 2024

551 Madison Street
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Closed For Sale Multi Family

$1,700,000

$472 per sq ft

551 Madison Street

Bedford-Stuyvesant, Brooklyn

MLS® #RLS10975963

RLS at REBNY

Listing by Compass

5

Bedrooms

4.5

Baths

3,600

Sq. Ft.

1931

Year Built

Quick Summary

Bedrooms 5
Bathrooms 4 full, 1 half
Living Area 3,600 sq ft
Year Built 1931
Ownership None
Property Taxes $5,700/yr
Neighborhood Bedford-Stuyvesant
Floor 1 of 3

Property Highlights

  • Character: Pre-war building (1931)

Property Details

Type Multi Family
Ownership None
Total Rooms 8
Baths 3 Full, 1 Half
Floor 1 of 3
Pets Yes
Year Built 1931
Living Area 3,600 sq ft
Structure Type MultiFamily
Furnished Unfurnished
Parcel # 01640-0082
Block/Lot 01640/82

Description

Upon walking up to 551 Madison, your eyes are drawn to the dog-legged front stoop that still has its original metal work and handrails. Your eyes then notice the height and presence of the structure, and see that the whole tree lined block is full of well kept brownstones. Measuring in at 20x 45 on a 100 foot lot with an extension on the rear of the garden level, this property is full of intact original details that have been preserved throughout the years. The home features original wood details— hardwood floors, moldings, decorative mantles, pier mirror, window shutters, and wainscoting. The parlor floor is perfectly situated for grand entertaining with its high ceilings, and rear windows overlooking the garden. This is also where you will find an abundance of detail, particularly the pier mirror with such beautiful crown molding. Wainscoting follows up the steps to the higher levels where you will find the rental units. The legal use is a two unit, being used as a three, but an ideal setup here would be a triplex over a garden rental, or two double duplexes. It’s all up to you. This block is full of delightful neighbors, where their smiles and good mornings will warm you daily. Also steps to cafes, restaurants, groceries, and a quick walk to the A express train at Utica.

Features & Amenities

Interior Features

See Remarks

Building Information

Total Units 3
Stories 3
Structure MultiFamily

Financial Details

RE Taxes $5,700/yr ($475/mo)
Original Price $1,999,000
Sale Price $1,700,000
Previous Price $1,799,000

Bedford/Stuyvesant is a traditional Brooklyn neighborhood characterized by its leafy streets and strong residential identity. The housing stock features a blend of traditional row houses and contemporary boutique developments, offering a balanced lifestyle within a storied community.

Bedford-Stuyvesant Live Market Data

View Neighborhood

Active Listings

77

Median Asking Price

$1.30M

Median $/Sqft

$875

Avg Days on Market

N/A

New This Week

5

Price Reduced

29%

Sold (30 Days)

7

Median Sale Price

$1.75M

Live data from RLS at REBNY • Updated 3/24/26, 2:00 AM EST

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Location

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551 Madison Street, Bedford-Stuyvesant, Kings County

Floor Plans

Floor Plan
MLS® ID: RLS10975963
First Listed: 10/26/2023
On Market: 7/29/2023
Price Changed: 6/17/2024
Closed: 6/17/2024
Contract Date: 7/20/2023

Listing Courtesy of Compass - Sean Henry

Listing Contact: (718) 216-3064

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 3/24/2026 at 6:00 AM UTC

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