NOT LISTED FOR SALE

171 Madison St Brooklyn, NY 11216

Bed-Stuy Neighborhood

Estimated Value: $2,190,989 - $4,136,000

8 Beds
7.5 Baths
4,400 Sq Ft
$807/Sq Ft Est. Value

Sale Details

Date Sold: August 21, 2023

Last sale price $4,100,000 $932 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $20,820 / mo

30 Days on Market

Highlights

  • Rooftop Deck
  • Patio
  • 4-minute walk to John Hancock Playground
  • Balcony
  • Garden

About This Home

As of August 2023

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.

Last Agent to Sell the Property

Natalia Correa

Sothebys International Realty License #10401234166 Listed on: 12/13/2022

Sothebys International Realty

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2021

Lot Details

  • Lot Dimensions are 22.0 x 100.0
  • Garden

Interior Spaces

  • 4,400 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms

Outdoor Features

  • Balcony
  • Patio

Listing and Financial Details

  • Legal Lot and Block 78 / 1817

Community Details

Overview

  • Bedford Stuyvesant Subdivision

Amenities

  • Rooftop Deck
  • Building Patio

Property Details

Home Type

Multi-Family

Year Built

Built in 2021

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Nostrand Avenue/Bedford Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford-Stuyvesant
  • CustomProperty: { "WeeklyRate": null, "OffMarketDate": "2023-08-21", "LivingAreaRange": null, "GuestHouseYN": null, "Lang2_Type": null, "AboveGradeUnfinishedAreaRange": null, "GuestHouseAreaTotalUnits": null, "PrivateShowingInstructions": null, "NumberOfBoatSlips": null, "LotSizeRangeUnits": null, "LakeId": null, "BuildingAreaTotalRange": null, "HumanModifiedYN": false, "MineralRights": null, "LotSizeRangeSource": null, "Permission": null, "Membership": null, "ModificationTimestamp": "2026-05-15T11:03:27.840-00:00", "Restrictions": null, "BoatDockSlipFeatures": null, "OffersReviewDate": null, "AdditionalFeeFrequency": null, "PotentialShortSale": null, "TitleCompanyPhone": null, "LeaseAmountPerAreaUnit": null, "AssociationFeeTotal": null, "PropertyAccess": null, "AdditionalFee": null, "LakeSize": null, "LivingAreaRangeHigh": null, "LotSizeAreaRangeLow": null, "GarageArea": null, "BelowGradeFinishedAreaRange": null, "BuildingAreaTotalRangeSource": null, "GarageAreaUnits": null, "AdditionalFeeYN": false, "LakeChainName": null, "BelowGradeFinishedAreaRangeUnits": null, "DevelopmentName": null, "TaxAuthority": null, "ProjectName": null, "WaterAccessYN": null, "AssociationFeeTotalFrequency": null, "ListOfficeMlsId": "7222", "GarageDimensions": null, "BelowGradeBedrooms": null, "MembershipRequiredYN": null, "AboveGradeBedrooms": null, "GulfAccessYN": null, "TaxAssessedValueImprovement": null, "AboveGradeUnfinishedAreaRangeSource": null, "OtherExpenseDescription": null, "MembershipFeeFrequency": null, "ListingKeyNumeric": 1092225262, "AdditionalInfo3": null, "BoatDockSlipDescription": null, "AdditionalInfo1": null, "PublicRemarks_lang2": null, "AdditionalInfo2": null, "PublicRemarks_lang3": null, "SourceFloorPlansCount": null, "LastMonthRentReqYN": null, "AboveGradeUnfinishedAreaRangeUnits": null, "ListAOR": null, "ThirdPartyIntegrationType": null, "BuildingAreaTotalRangeUnits": null, "PricePerAreaUnit": null, "FractionalShare": null, "TitleCompanyName": null, "AboveGradeFinishedAreaRangeSource": null, "BelowGradeFinishedAreaRangeSource": null, "OriginatingSystemKey": "2609052", "GuestHouseAreaTotalSource": null, "LeaseTermsDescription": null, "PropertyType": "Residential", "LivingAreaRangeUnits": null, "OriginatingSystemName": "RLS", "BelowGradeUnfinishedAreaRangeSource": null, "LandTenure": null, "OffSeasonRate": null, "Attic": null, "MembershipFee": null, "BoatDockAccommodates": null, "PropertySubTypeAdditional": null, "PricePerArea": null, "BoatDockYN": null, "BonusAmount": null, "GuestHouseAreaTotal": null, "ListingKey": "1092225262", "GuestHouseDescription": null, "SecurityDepositYN": null, "SourceSupplementPublicCount": null, "SaleOrLeaseIncludes": null, "AdditionalFeeDescription": "", "InternetEntireListingDisplayYN": true, "SeasonRate": null, "ComplexName": null, "StoriesPartial": null, "CustomFields": "{\n \"ElevatorsTotal\": \"0\",\n \"CertificateOfOccupancyYN\": \"0\",\n \"LandmarkStatusYN\": \"0\",\n \"BuildingTaxLot\": \"78\",\n \"ListingKey\": \"1092225262\"\n}", "BoatDockHeight": null, "AvailabilityType": null, "LakeName": null, "OriginatingSystemSubName": "RLS_REBNY", "RiverName": null, "BelowGradeUnfinishedAreaRangeUnits": null, "ListOfficeKey": "5658932", "TaxYearRange": null, "NumberOfBoatDocks": null, "LotSizeAreaRangeHigh": null, "TaxAssessedValueLand": null, "StandardStatus": "Closed", "GulfAccessType": null, "BoatSlipYN": null, "StormProtection": null, "LivingAreaRangeSource": null, "LeaseAmountPerArea": null, "TitleCompanyAddress": null, "MonthlyRate": null, "WaterAccessDescription": null, "SecurityDepositDescription": null, "TaxRate": null, "BelowGradeUnfinishedAreaRange": null, "MembershipDescription": null, "TitleCompanyPreferred": null, "AboveGradeFinishedAreaRangeUnits": null, "AboveGradeFinishedAreaRange": null, "LivingAreaRangeLow": null, "BuildingSizeDimensions": null, "PropertySubType": "Multi Family", "UnitLocation": null, "ConsumerRemarks": null, "LotSizeRange": null, "OffersDescription": null, "Lang3_Type": null, "StoriesPartialTotal": null, "Location": null, "ListingId": null, "RentSpreeYN": null, "RentSpreeURL": null, "ApplicationFee": null, "CommunityDevelopmentDistrictYN": null, "SourceSystemKey": null }
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Living Area: 4400.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Bathrooms Integer: 8
  • Bedrooms: 8

Exterior Features

  • Exterior Features: Balcony, Building Roof Deck, Garden
  • Patio/Porch Features: Building Patio, Patio, Balcony

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 22.0 x 100.0

Building Info

  • Total Stories: 4
  • Year Built: 2021

Tax Info

  • Tax Block: 1817
  • Tax Lot: 78

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Bed-Stuy, NY

  • Michael Chadwick Real Estate Agent - Corcoran Group

    Michael Chadwick

    Corcoran Group

    (585) 514-5833

    21 Total Sales

    1 in Bed-Stuy

    $2,999,999 Price

    Michael Chadwick
     Section Image
  • King Hong Chin Real Estate Agent - Keller Williams Rlty Landmark

    King Hong Chin

    Keller Williams Rlty Landmark

    (844) 708-2647

    44 Total Sales

    1 in Bed-Stuy

    $1,450,000 Price

    King Hong Chin
     Section Image
  • Cheryl Rosenthal Real Estate Agent - Realty Trends Corp

    Cheryl Rosenthal

    Responds Quickly

    Realty Trends Corp

    (516) 518-7267

    159 Total Sales

    2 in Bed-Stuy

    $1.4M - $2.2M Price Range

    Cheryl Rosenthal
     Section Image
  • Steve Halpern Real Estate Agent - Compass

    Steve Halpern

    Compass

    (833) 246-3065

    43 Total Sales

    1 in Bed-Stuy

    $2,625,000 Price

    Steve Halpern
     Section Image
  • Kenneth Trestka Real Estate Agent - Ken Trestka Real Estate Inc

    Kenneth Trestka

    Ken Trestka Real Estate Inc

    (934) 223-2833

    88 Total Sales

    1 in Bed-Stuy

    $2,210,000 Price

    Kenneth Trestka
     Section Image
  • Tina Jahrsdoerfer Real Estate Agent - EXP Realty

    Tina Jahrsdoerfer

    EXP Realty

    (631) 250-6560

    62 Total Sales

    1 in Bed-Stuy

    $980,000 Price

    Tina Jahrsdoerfer
     Section Image
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/21/2023 08/21/23 Sold $4,100,000 0.0% $932 / Sq Ft
01/16/2023 01/16/23 Pending -- -- --
12/16/2022 12/16/22 For Sale $4,100,000 -- $932 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,702 $72,300 $14,580 $57,720
2025 $13,099 $68,220 $14,580 $53,640
2024 $13,099 $65,220 $14,580 $50,640
2023 $13,485 $67,920 $15,180 $52,740
2022 $12,505 $62,640 $15,180 $47,460
2021 $10,064 $47,820 $15,180 $32,640
2020 $1,892 $130,500 $13,500 $117,000
2019 $3,829 $121,500 $13,500 $108,000
2018 $3,578 $28,135 $3,751 $24,384
2017 $3,315 $26,061 $3,909 $22,152
2016 $3,111 $24,133 $4,525 $19,608
2015 $2,020 $24,133 $5,443 $18,690
2014 $2,020 $23,353 $6,312 $17,041
Source: Public Records

Agents Affiliated with this Home

  • Natalia Correa Real Estate Agent - Sothebys International Realty

    Seller's Agent in 2023

    Natalia Correa

    Sothebys International Realty

    (718) 866-4897

    7 in this area

    14 Total Sales

    Natalia Correa
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10880227

Real Estate Board of New York (REBNY)

APN: 01817-0078

New York Kings County Brooklyn 11216 Bed-Stuy

171 Madison St, Brooklyn, NY

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

RLS Data display by Homes.com LLC

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