Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,250,000

· Closed April 9, 2021

387 Madison Street
Closed For Sale Multi Family

$1,250,000

$396 per sq ft

387 Madison Street

Bedford Stuyvesant, Brooklyn

MLS® #RLS10025545

RLS at REBNY

Listing by Compass

8

Bedrooms

3.5

Baths

3,160

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 8
Bathrooms 4 full, 1 half
Living Area 3,160 sq ft
Year Built 1910
Neighborhood Bedford Stuyvesant

Property Highlights

  • Style: Prewar architecture
  • Character: Pre-war building (1910)

Property Details

Type Multi Family
Total Rooms 16
Baths 3 Full, 1 Half
Pets Yes
Cross Street Tompkins Avenue/Throop Avenue
Year Built 1910
Living Area 3,160 sq ft
Architectural Style Prewar
Parcel # 01820-0063
Block/Lot 1820/63

Listing History

Event Date Price Change
Listed Mar 18, 2015 $1,250,000 -
Currently May 6, 2026 $1,250,000 -

Description

BACK ON THE MARKET / DELIVERED VACANT / REDUCED PRICE!

Hey Home Buyer who love those "Fix-It Yourself" cable shows, here's an opportunity to buy a Brownstone and make your own "Before & After" home video!

We have an ALL CASH "AS IS" four-story, three family, 20' wide Brownstone that boasts a 6 room, 1 1/2 bath owner's lower duplex and two 5 room rentals (top floor is recessed) on a prime Bedford Stuyvesant block.

There is a total of 16 rooms with 6 bedrooms that can easily be converted to 8.

As you physically layout your perfect place to call home you are also putting your personal energy into the entire structure.

The joy of hands-on home ownership will attract just the right people to share space with you. They will happily pay market rent to do so.

Building Information

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

100

Median Asking Price

$1.26M

Median $/Sqft

$935

Avg Days on Market

N/A

New This Week

10

Price Reduced

18%

Sold (30 Days)

15

Median Sale Price

$1.90M

Live data from RLS at REBNY • Updated 5/6/26, 10:46 AM EST

Recently Sold in Bedford Stuyvesant

View All

Location

Loading map...

387 Madison Street, Bedford Stuyvesant, Kings County • Near Tompkins Avenue/Throop Avenue

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
3
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $155,160
Land Value: $16,380
Exemptions: $0

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

Lot Area: 2,000 SF
Building Area: 4,160 SF
Built FAR: 2.08
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

This property has 8 bedrooms and 3 full bathrooms and 1 half bathroom.

The listed interior living area is 3,160 square feet. Verify dimensions independently during due diligence.

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

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

At the current list price of $1,250,000 for 3,160 sq ft, the asking price per square foot is approximately $396. 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: RLS10025545
First Listed: 3/18/2015
Price Changed: 2/5/2021
Closed: 4/9/2021
Contract Date: 9/21/2020

Listing Courtesy of Compass - Keith Frazier

Listing Contact: (917) 753-4315

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 5/6/2026 at 2:46 PM UTC

Buying Multi-Family? Start Here

2–4 Unit Multi-Family Investing in NYC

Cap rates, financing, and what to look for in small multifamily.

Read article

NYC Closing Costs: Complete Breakdown

Buyer and seller closing costs itemized, including what to budget for.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Your info is secure and never shared.

View Active Listings Call Milton