NOT LISTED FOR SALE

116 Madison St Brooklyn, NY 11216

Bed-Stuy Neighborhood

Estimated Value: $2,695,000 - $3,261,000

6 Beds
3.5 Baths
2,280 Sq Ft
$1,354/Sq Ft Est. Value

Last Sold March 01, 2023

Last sale price $1,625,000 $713 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $16,238/month

234 Days on Market

About This Home

As of March 2023

116 Madison St, a 2,280 square-foot legal needs complete renovation C/O five families used as a one Brownstone which is situated in Bedstuy Boarding Clinton Hill. The building has a unused FAR of 1,720 (verify) This is an amazing opportunity with lots of upside for the right investor or end user. House will be delivered vacant. This.....Location....Location.......Location.....is minutes away from New York City's third largest business district and the fastest growing downtown neighborhood in the nation, with over $6 billion in public and private investment in the past decade. Biking distance to City point, Alamo Draft House, Trader Joe, Brooklyn Academy of Music and Barclays Center. Blocks away from neighborhood Bars, enjoy dinner at Peaches, Cheri's, Chez Oskar, Dance at Lovers Rock, Enjoy Art Exhibitions at THE HOUSE OF ART etc. Minutes to NYC via train OWNER IS MOTIVATED TO SELL...... that you can add to 116 Madison St Property which would give you if you combine a total of 2,620 unused FAR.

Last Agent to Sell the Property

Ian Parker

Corcoran Group License #40PA1152722 Listed on: 06/02/2022

Corcoran Group

Property Details

Home Type

  • Multi-Family

Home Design

Interior Spaces

  • 3-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 6 Bedrooms

Community Details

  • 3 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 01990

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford-Stuyvesant
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Washer Dryer Allowed

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Building Info

  • Units: 3
  • Total Stories: 3

Tax Info

  • Tax Block: 01990

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2025
Sold by
Townhouse Rental Ii Llc
Bought by
Townhouse Rental Llc
Current Estimated Value
$3,087,958

Purchase Details

Closed on
Jul 31, 2025
Sold by
116 On Llc
Bought by
Townhouse Rental Ii Llc

Purchase Details

Listed on
Jun 2, 2022
Closed on
Mar 1, 2023
Sold by
Grimes Tuesday L
Bought by
116 On Llc
Seller's Agent
Ian Parker
Corcoran Group
List Price
$1,800,000
Sold Price
$1,625,000
Premium/Discount to List
-$175,000
-9.72%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.04%
Original Mortgage
$1,475,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2018
Sold by
Grimes Tuesday L and Grimes Grimes
Bought by
Grimes Tuesday L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Townhouse Rental Llc -- --
Townhouse Rental Ii Llc $3,191,500 --
116 On Llc $1,625,000 --
116 On Llc $1,625,000 --
Grimes Tuesday L -- --
Grimes Tuesday L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 116 On Llc $1,475,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2023 03/01/23 Sold $1,625,000 0.0% $713 / Sq Ft
01/23/2023 01/23/23 Pending -- -- --
01/18/2023 01/18/23 Off Market $1,625,000 -- --
01/03/2023 01/03/23 For Sale $1,800,000 +10.8% $789 / Sq Ft
12/23/2022 12/23/22 Off Market $1,625,000 -- --
12/20/2022 12/20/22 Price Changed $1,800,000 0.0% $789 / Sq Ft
12/20/2022 12/20/22 For Sale $1,800,000 -5.3% $789 / Sq Ft
09/23/2022 09/23/22 Pending -- -- --
09/07/2022 09/07/22 Price Changed $1,900,800 -13.6% $834 / Sq Ft
06/02/2022 06/02/22 For Sale $2,200,000 -- $965 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,536 $111,180 $20,340 $90,840
2024 $4,536 $94,620 $20,340 $74,280
2023 $4,412 $116,100 $20,340 $95,760
2022 $3,302 $93,240 $20,340 $72,900
2021 $3,589 $72,000 $20,340 $51,660
2019 $3,277 $91,920 $20,340 $71,580
2018 $3,031 $18,103 $2,992 $15,111
2017 $2,910 $17,445 $4,549 $12,896
2016 $2,741 $16,819 $5,921 $10,898
2015 $1,546 $16,221 $8,553 $7,668
2014 $1,546 $15,682 $9,920 $5,762
Source: Public Records

Agents Affiliated with this Home

  • Ian Parker

    Seller's Agent in 2023

    Ian Parker

    Corcoran Group

    (718) 810-5104

    5 in this area

    11 Total Sales

    Ian Parker
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10832359

Real Estate Board of New York (REBNY)

APN: 01990-0028

New York Kings County Brooklyn 11216 Bed-Stuy

116 Madison St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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Real Estate Board of New York (REBNY) 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.

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