Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,180,000

· Closed October 12, 2023

1042 Madison Street
Closed For Sale Multi Family

$1,180,000

$596 per sq ft

1042 Madison Street

Bushwick, Brooklyn

MLS® #RLS10921571

RLS at REBNY

Listing by Nest Seekers LLC

5

Bedrooms

2

Baths

1,980

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 5
Bathrooms 2
Living Area 1,980 sq ft
Lot Size 2,500 sq ft
Year Built 1910
Ownership None
Property Taxes $2,352/yr
Neighborhood Bushwick

Property Highlights

  • Style: Prewar,WalkUp architecture
  • Climate Control: Wall Units
  • Character: Pre-war building (1910)

Property Details

Type Multi Family
Ownership None
Total Rooms 12
Baths 2 Full
Heating Natural Gas
Cooling Wall Units
Pets Yes
Cross Street Bushwick Avenue/Evergreen Avenue
Year Built 1910
Living Area 1,980 sq ft
Architectural Style Prewar,WalkUp
Structure Type MultiFamily
Lot Size 2,500 sq ft
Parcel # 03367-0024
Block/Lot 3367/24

Listing History

Event Date Price Change
Listed Sep 18, 2023 $1,180,000 -
Currently May 18, 2026 $1,180,000 -

Description

Your next home or investment opportunity awaits – don’t miss this golden chance! This exceptional 5-bedroom, 2-bathroom configured as a 2-family home, strategically positioned near the J and Z subway lines as well as the B60 and Q24 bus routes, offers versatile options for both homeowners and developers seeking investment opportunities. Situated on a quiet, tree-lined block, this beautiful multi-family is nestled on a 25 ft x 100 ft lot and building features a newly finished basement. Entire home will be delivered vacant. For Homebuyers: Step inside and discover a spacious, sunlit interior that’s perfect for creating lasting memories. Enjoy thoughtful features, including skylights in the second-floor hallway and bathroom, flooding these spaces with natural radiance. For outdoor enthusiasts, the expansive cemented yard and pavers offer the perfect setting for leisure and recreation. The home also features wood burning fireplaces and hardwood floors. Whether you choose to occupy one unit and rent out the other, or if you’re looking for space for extended family, this property offers versatile living options. The roof has been replaced just five years ago, ensuring durability and peace of mind for years to come. For Developers: This property is not only a perfect home but also an excellent investment opportunity. The R6 zoning and spacious lot provide potential for expansion or redevelopment projects. Whether you’re interested in renovating and enhancing the existing structure or exploring new development possibilities, this property offers promising potential for a profitable venture with over 4000+ unused FAR to tap into. This residence has an allowed usable floor area of 6,073 and FAR as built 0.79. Inquire today for additional information, and make this 2-family property your next home or investment. Act now and schedule a private showing with a 48-hour notice. Your future home or development opportunity awaits!

Features & Amenities

Interior Features

See Remarks

Building Information

Building Data View Compliance & Permits
Stories 2
Structure MultiFamily
Style Prewar,WalkUp

Financial Details

RE Taxes $2,352/yr ($196/mo)
Sale Price $1,180,000

Bushwick has emerged as Brooklyn's premier creative frontier, known for its world-class street art, eclectic nightlife, and industrial-chic vibe. The neighborhood offers a wide range of housing options, from converted warehouse lofts that appeal to artists and professionals to traditional multi-family townhouses. Recent years have seen a surge in boutique new construction condominiums, making it a top destination for those seeking a dynamic and evolving urban environment.

Bushwick Live Market Data

View Neighborhood

Active Listings

127

Median Asking Price

$949K

Median $/Sqft

$930

Avg Days on Market

N/A

New This Week

7

Price Reduced

25%

Sold (30 Days)

2

Median Sale Price

$1.67M

Live data from RLS at REBNY • Updated 5/18/26, 1:20 AM EST

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Location

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1042 Madison Street, Bushwick, Kings County • Near Bushwick Avenue/Evergreen Avenue

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
2
Floors
2
Residential Units
R6
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $89,640
Land Value: $11,940
Exemptions: $0

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

Lot Area: 2,500 SF
Building Area: 1,980 SF
Built FAR: 0.79
Allowed FAR: 2.43

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

The current listed annual property tax is $2,352, or roughly $196 per month. Verify the current assessment with your attorney before closing.

This property has 5 bedrooms and 2 full bathrooms.

The listed interior living area is 1,980 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

This listing is None

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

At the current list price of $1,180,000 for 1,980 sq ft, the asking price per square foot is approximately $596. 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 [email protected]. 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: RLS10921571
First Listed: 9/18/2023
On Market: 9/18/2023
Price Changed: 9/18/2023
Closed: 10/12/2023
Contract Date: 9/18/2023

Listing Courtesy of Nest Seekers LLC - Quincy Bee

Listing Contact: (401) 660-0926

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 5/18/2026 at 5:20 AM UTC

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