Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $4,100,000

· Sold at asking price · Closed August 21, 2023

SOLD: 171 Madison Street
SOLD $4,100,000
Sold 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

8.5

Baths

4,400

Sq. Ft.

2021

Year Built

Sale Details

Sale Price $4,100,000
Original List Price $4,100,000
Close Date August 21, 2023
vs. Asking Sold at asking price

Property Summary

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

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.

Property Details

Type Multi Family
Total Rooms 18
Year Built 2021
Living Area 4,400 sq ft

Similar Active Listings in Bedford-Stuyvesant

View All
RLS at REBNY

Listing courtesy of Natalia Correa at Compass. 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. This 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.

Active Listings Contact Milton
WhatsApp Email