Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
318 MADISON Street
Interested in this property?
Active For Sale Multi Family

$3,200,000

$803 per sq ft

318 MADISON Street

Bedford-Stuyvesant, Brooklyn

MLS® #RLS20083848

RLS at REBNY

Listing by Corcoran Group

7

Bedrooms

4.5

Baths

3,987

Sq. Ft.

1915

Year Built

Quick Summary

Bedrooms 7
Bathrooms 5 full, 1 half
Living Area 3,987 sq ft
Lot Size 2,000 sq ft
Year Built 1915
Ownership None
Property Taxes $5,532/yr
Neighborhood Bedford-Stuyvesant
Floor 1 of 3

Property Highlights

  • Views: Other
  • Outdoor Space: Deck
  • Climate Control: Other

Property Details

Type Multi Family
Ownership None
Total Rooms 16
Baths 4 Full, 1 Half
Floor 1 of 3
View Other
Cooling Other
Pets Yes
Year Built 1915
Living Area 3,987 sq ft
Structure Type Townhouse
Basement Other
Lot Size 2,000 sq ft
Parcel # 01824-0024
Block/Lot 01824/0024

Listing History

Event Date Price Change
Listed Apr 15, 2026 $3,200,000 -
Currently May 7, 2026 $3,200,000 -

Description

Imagine living in a fully renovated historic brick townhouse with sun-drenched interiors and a private garden that offers effortless indoor-outdoor entertaining - all while two beautifully appointed residences above generate substantial income.

On a picturesque, tree-lined block in the heart of Bedford-Stuyvesant, 318 Madison Street stands as a rare offering: a meticulously restored 1915 townhouse that seamlessly unites historic grandeur with sophisticated modern living.

Behind its classic facade lies an exceptional owner's triplex spanning over 2,000 square feet, complemented by two beautifully designed two-bedroom residences above that provide meaningful rental income.

Ascend the iconic townhouse stoop and enter a striking foyer that opens to the parlor level - a dramatic entertaining space where soaring ceilings, oversized windows, and an elegant marble mantle pay homage to the home's architectural heritage. A thoughtfully designed open layout introduces a contemporary sensibility, highlighted by wide-plank white oak flooring, a sculptural glass-enclosed staircase, and expansive sliding glass doors that extend the living space to a newly finished private deck.

The chef's kitchen blends refined design with professional functionality. Sleek flat-panel cabinetry is paired with a Carrara marble backsplash, pot filler, custom two-zone wine cooler, and premium appliances by Fisher & Paykel and KitchenAid. Adding a distinctive local narrative, the kitchen's statement countertop is crafted from reclaimed oak salvaged after Hurricane Sandy - a subtle homage to Brooklyn's resilience and character.

Just beyond, the expansive deck offers an effortless transition to outdoor living, providing ample room for dining, lounging, and entertaining above the private garden below.

The garden level reveals a tranquil private retreat with three generously proportioned bedrooms and two beautifully appointed baths. The serene primary suite features dual walk-in closets, an elegant ensuite bath, and a full wall of sliding glass doors that open directly onto the lush south-facing garden. Custom motorized shades by The Shade Store provide comfort and privacy throughout the residence.

Designed as a true outdoor sanctuary, the private garden offers a lawn, ambient globe lighting, additional lounge space and a tranquil water feature, creating a rare urban oasis ideal for both quiet relaxation and memorable gatherings.

The finished lower level adds exceptional versatility, offering space for a media lounge, playroom, home gym, and laundry area. Mechanical systems - including four-zone central heating and air conditioning, integrated security, and sump pump - are discreetly integrated throughout the home.

Above the owner's residence, two thoughtfully updated two-bedroom apartments retain charming prewar character while offering modern comforts, including updated kitchens and baths, hardwood floors, skylights, and in-ceiling speakers. These residences generate strong rental income while maintaining privacy for the owner's home below.

Perfectly situated across from Arts & Letters Elementary and moments from the celebrated restaurants, cafés, and boutiques along Tompkins Avenue - including Peaches Hothouse, Delores, Cheeni, Warude, and Bar Camilo - the home offers the best of Brooklyn living. The express A train is just moments away, providing a convenient 25-minute commute to Manhattan.

318 Madison Street represents a rare opportunity to own a fully renovated historic townhouse that delivers architectural beauty, luxurious private living, exceptional outdoor space, and, with an estimated 5.1% cap rate, enduring investment value.

Contact us today to find out more about this beautiful home!


Features & Amenities

Interior Features

High Ceilings Smoke Free Walk In Closets Building Other Washer Hookup In Unit

Exterior Features

Private Outdoor Space Over60 Sqft Deck

Building Amenities

Green Building

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units 3
Stories 3
Structure Townhouse

Financial Details

RE Taxes $5,532/yr ($461/mo)

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

97

Median Asking Price

$1.27M

Median $/Sqft

$938

Avg Days on Market

N/A

New This Week

7

Price Reduced

19%

Sold (30 Days)

15

Median Sale Price

$1.90M

Live data from RLS at REBNY • Updated 5/7/26, 3:42 AM EST

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Location

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318 MADISON Street, Bedford-Stuyvesant, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1915
Year Built
111 years old
4
Floors
3
Residential Units
R6B
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $155,820
Land Value: $33,000
Exemptions: $0

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

Lot Area: 2,000 SF
Building Area: 3,200 SF
Built FAR: 1.6
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 $5,532, or roughly $461 per month. Verify the current assessment with your attorney before closing.

This property has 7 bedrooms and 4 full bathrooms and 1 half bathroom.

The listed interior living area is 3,987 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1915, making it approximately 111 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 $3,200,000 for 3,987 sq ft, the asking price per square foot is approximately $803. 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: RLS20083848
First Listed: 4/15/2026
On Market: 4/15/2026
Price Changed: 4/15/2026
Contract Date: 4/15/2026

Listing Courtesy of Corcoran Group - Saadiah Fowlkes

Listing Contact: (347) 495-4926

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 5/7/2026 at 7:42 AM UTC

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