Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
500 Madison Street

For Sale · Listing by MNS

500 Madison Street

Stuyvesant Heights, Brooklyn

$2,950,000

Interested in this property?
Active For Sale • Multi Family

$2,950,000

$739 per sq ft

500 Madison Street

Stuyvesant Heights, Brooklyn

MLS® #RLS20121442

RLS at REBNY

Listing by MNS

7
Bedrooms
7
Baths
3,990
Sq. Ft.
1901
Year Built

Quick Summary

Bedrooms 7
Bathrooms 7
Living Area 3,990 sq ft
Lot Size 1,900 sq ft
Year Built 1901
Ownership None
Property Taxes $8,274/yr
Neighborhood Stuyvesant Heights

Property Highlights

  • Outdoor Space: Terrace
  • Style: Prewar,WalkUp architecture
  • Character: Pre-war building (1901)

Property Details

Type Multi Family
Ownership None
Total Rooms 12
Baths 7 Full
Pets Yes
Cross Street Marcus Garvey Boulevard/Lewis Avenue
Year Built 1901
Living Area 3,990 sq ft
Architectural Style Prewar,WalkUp
Structure Type MultiFamily
Lot Size 1,900 sq ft
Parcel # 01644-0009
Block/Lot 1644/0009

Listing History

Event Date Price Change
Listed Oct 17, 2026 $2,950,000 -
Currently Oct 17, 2026 $2,950,000 -

Description

THE PROPERTYRenovated, inside and out.500 Madison Street is a gracious two-family brownstone — four stories plus cellar, gut-renovated behind a restored façade.FAÇADE AND FRONT YARDHistoric character.Newly resurfaced, the brownstone façade and stoop have regained their crisp detail. Original metalwork — the front yard fence and stoop handrail — has been refurbished, with newel posts faithfully recreated. At the entry, the original wooden doors and intricate casing remain, carefully preserved.PARLOR FLOORHigh ceilings, a showpiece floor.The voluminous parlor impresses with 10-foot ceilings, herringbone wood floors, and a spacious front parlor living room and mid-parlor dining area that flow seamlessly into an exceptional kitchen built around an enormous center island with breakfast bar. From Sub-Zero, a paneled 36-inch refrigerator and wine cooler; from Wolf, a 36-inch professional gas range, vented hood, and microwave. The kitchen also features a farmhouse sink. Double doors open out to a dining terrace that leads down to an expansive rear yard.THIRD FLOORA primary suite overlooking the yard.At opposite ends of the third floor are two suites, each spanning the full width of the house. The primary bedroom has a windowed walk-in closet and an ensuite bath with a glass-enclosed shower and oversized double vanity. Its counterpart is a substantial bedroom with a double closet and its own private bath.FOURTH FLOORThe space to grow.Three more bedrooms occupy the fourth floor. One comes with an ensuite bath and double closet, while the other two share a generous four-fixture bath with double vanity. Skylights bring natural light into both baths, and a washer and vented dryer sit conveniently in the hallway.CELLARThe owner’s lower level.An internal staircase bypasses the garden apartment entirely, so the cellar is accessible only from the main house. Finished and open, with a half bath, it can easily accommodate several uses at once, such as a home office, gym, and expanded living space.REAR YARDFor the main house alone.The main house has a large rear yard, reached by way of the dining terrace. A privacy fence divides it from the garden apartment’s outdoor area.GARDEN APARTMENTIncome, without compromising privacy.The garden level is a comfortable full-floor two-bedroom rental with an in-unit washer/dryer and a separate outdoor area.ADDITIONALThe details.White oak hardwood floors throughout. Central heating and cooling. Google Mesh Wi-Fi. Speaker system. Ample recessed lighting.LOCATIONThe neighborhood.The house sits among elegant homes on a lovely tree-lined block, moments from Herbert Von King Park and surrounded by an excellent array of neighborhood staples — such as Saraghina, LunÀtico, Selune, BKB Brooklyn Brasserie, Ler Lers, Daphne’s, Corto, Barb’s, Sincerely Tommy, dear friend books, and Manny’s Wine Shop. A and C express service at Utica Avenue; C train at Kingston–ThroopThe information herein has been obtained from sources believed to be reliable. Neither ownership nor MNS, nor any of their affiliates, agents, or employees make any representation or warranty as to the accuracy or completeness of such information. All floor plans, including dimensions, fixture measurements, and furniture shown, are approximate and for illustrative purposes only. Prospective purchasers are encouraged to conduct their own independent investigation and due diligence in conjunction with their own legal counsel and tax advisor.

Features & Amenities

Interior Features

See Remarks

Exterior Features

Garden Private Outdoor Space Under60 Sqft Terrace

Building Information

Building Data View Compliance & Permits
Stories 3
Structure MultiFamily
Style Prewar,WalkUp

Financial Details

RE Taxes $8,274/yr ($690/mo)

Stuyvesant Heights is a historic Brooklyn neighborhood within the landmarked Bedford-Stuyvesant historic district, known for its brownstone architecture. Housing stock ranges from historic pre-war cooperatives to newer condominium developments, with A/C train service.

Stuyvesant Heights Live Market Data

View Neighborhood

Active Listings

60

Median Asking Price

$1.61M

Median $/Sqft

$980

Avg Days on Market

N/A

New This Week

2

Price Reduced

28%

Sold (30 Days)

3

Median Sale Price

$1.76M

Live data from RLS at REBNY • Updated 10/17/26, 6:40 AM EST

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Location

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500 Madison Street, Stuyvesant Heights, Kings County • Near Marcus Garvey Boulevard/Lewis Avenue

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1901
Year Built
125 years old
3
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $123,300
Land Value: $22,080
Exemptions: $0

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

Lot Area: 1,900 SF
Building Area: 3,192 SF
Built FAR: 1.68
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

The current listed annual property tax is $8,274, or roughly $690 per month. Verify the current assessment with your attorney before closing.

This property has 7 bedrooms and 7 full bathrooms.

The listed interior living area is 3,990 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1901, making it approximately 125 years old.

This listing is None

Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $2,950,000 for 3,990 sq ft, the asking price per square foot is approximately $739. 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: RLS20121442
First Listed: 10/17/2026
On Market: 10/17/2026
Price Changed: 10/17/2026
Contract Date: 10/17/2026

Listing Courtesy of MNS - Michael D Brooks

Listing Contact: (212) 475-9000

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.

How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 10/17/2026 at 10:40 AM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Stuyvesant Heights Market Update

3 sales last 30 days · $1.61M median · 20 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Multi Family Neighborhood Stuyvesant Heights Borough Brooklyn
County Kings
Year Built 1901
First Listed 10/17/2026
Style Prewar,WalkUp
Living Area 3,990 sqft
Annual Tax $8,274

Monthly Costs Estimate

Down Payment 20%

$590,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $690
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $2M to $2,999,999 at 1.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$36,875

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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