--- title: "118 MADISON Street #1, New York City, NY 11216" description: "118 MADISON Street #1, New York City, NY 11216 — Bedford-Stuyvesant, New York City, NY. Listing Price $1,995,000. 2 bed, 3 bath Illustrative Buyer Commission Share of $29,925 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/118-madison-street-1-ny-11216" source: "Real Estate Rebate Team" dateModified: "2026-08-24T19:41:27.748Z" status: "Active" --- # 118 MADISON Street #1, New York City, NY 11216 Bedford-Stuyvesant, New York City, NY Courtesy of Revived Residential Last updated: August 24, 2026, 3:41 PM ## At a Glance - **Listing Price**: $1,995,000 - **Beds**: 2 - **Total Baths**: 3 - **Common Charges**: $814 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $1,995,000 - **Illustrative Buyer Commission Share**: -$29,925* - **Illustrative Net Cost**: $1,965,075 *Illustrative Buyer Savings of $29,925 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![118 MADISON Street #1, New York City, NY 11216 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a571b23d-1a02-4513-8a35-d9eb4319289c.jpg) ![118 MADISON Street #1, New York City, NY 11216 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2c447b8d-fac7-4827-a37d-aab0565edd03.jpg) ![118 MADISON Street #1, New York City, NY 11216 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4422bf26-6bb5-4240-a505-8eb1cea6e86b.jpg) ![118 MADISON Street #1, New York City, NY 11216 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8aa58500-3648-4cad-b03b-f6edc22d0275.jpg) ![118 MADISON Street #1, New York City, NY 11216 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e8a8d6a9-23a9-42b3-ab4d-b6dd81b307ec.jpg) ![118 MADISON Street #1, New York City, NY 11216 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3257d9b1-3521-460b-a425-99dc6a41e10a.jpg) ![118 MADISON Street #1, New York City, NY 11216 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a3aebf6b-3218-4e9c-821c-ef064b54da97.jpg) ![118 MADISON Street #1, New York City, NY 11216 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6f9253ad-3b00-48e8-8f94-df5b1e5c92b3.jpg) ![118 MADISON Street #1, New York City, NY 11216 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1ec35e9f-5cb8-4931-bcc6-ae6d9ad4b09d.jpg) ![118 MADISON Street #1, New York City, NY 11216 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c9a33627-33ee-4b3f-b728-4b2f0379e786.jpg) ## Property Overview Perfectly positioned on the border of Clinton Hill and Bedford-Stuyvesant, this first-floor duplex is a beautifully designed residence within an intimate four-unit boutique condo conversion. Located on Madison Street between Bedford Avenue and Franklin Avenue, the home offers the perfect blend of modern luxury and prime Brooklyn living, complete with exclusive private backyard access reserved solely for this apartment. Flooded with natural light from oversized windows, the expansive living and dining area is thoughtfully designed for both everyday living and entertaining. The flexible layout features two generously sized bedrooms, a bonus room ideal for a home office or guest space, 2.5 bathrooms finished with imported stone and refined detailing, and a spacious recreational room that adds exceptional versatility to the home. The expertly crafted kitchen showcases stainless steel appliances, custom cabinetry, and premium finishes that balance style and functionality. Throughout the home, you'll find beautiful hardwood floors, abundant closet space, an in-unit washer and dryer, and central air and heat. With remarkably low monthlies and a superb location just moments from the A, C, and G trains, this residence offers exceptional value in one of Brooklyn's most vibrant and connected neighborhoods. ## Property Details - **Property Type**: Duplex - **Beds**: 2 - **Total Baths**: 3 - **Rooms**: 5 - **Stories**: 3 - **Year Built**: 1901 - **Common Charges**: $814 / Monthly - **Listed On**: May 21, 2026 - **Days on Market**: 116 Days ### Residence Features - Washer Hookup - In Unit - Garden - Private Outdoor Space Over 60 Sqft - Dining Area - Dishwasher ## Property Tax History Taxes at 118 MADISON Street #1 were $14,950 in 2026, up 8.0% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $312,300 | $31,500 | $280,800 | $119,602 | $14,950 | 12.5% (estimated) | | 2025 (FY 2025/26) | $275,850 | $31,500 | $244,350 | $110,743 | $13,843 | 12.5% (estimated) | | 2024 (FY 2024/25) | $202,500 | $31,500 | $171,000 | $79,901 | $9,988 | 12.5% | | 2023 (FY 2023/24) | $122,160 | $24,900 | $97,260 | $22,152 | $4,449 | 20.085% | | 2022 (FY 2022/23) | $99,960 | $24,900 | $75,060 | $20,902 | $4,245 | 20.309% | | 2021 (FY 2021/22) | $92,940 | $24,900 | $68,040 | $20,902 | $3,885 | 19.963% | | 2020 (FY 2020/21) | $112,680 | $24,900 | $87,780 | $20,741 | $4,068 | 21.045% | | 2019 (FY 2019/20) | $106,020 | $24,900 | $81,120 | $19,567 | $3,845 | 21.167% | | 2018 (FY 2018/19) | $18,460 | — | — | $18,460 | $3,862 | 20.919% | | 2017 (FY 2017/18) | $17,418 | — | — | $17,418 | $3,551 | 20.385% | | 2016 (FY 2016/17) | $17,418 | — | — | $17,418 | $3,482 | 19.991% | | 2015 (FY 2015/16) | $17,284 | — | — | $17,284 | $3,380 | 19.554% | | 2014 (FY 2014/15) | $16,306 | — | — | $16,306 | $3,124 | 19.157% | | 2013 (FY 2013/14) | $15,384 | — | — | $15,384 | $2,952 | 19.191% | | 2012 (FY 2012/13) | $14,515 | — | — | $14,515 | $2,695 | 18.569% | | 2011 (FY 2011/12) | $14,515 | — | — | $14,515 | $2,642 | 18.205% | | 2010 (FY 2010/11) | $14,404 | — | — | $14,404 | $2,501 | 17.364% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3019900029. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 118 MADISON Street 118 MADISON Street, Brooklyn, NY 11216 A building in the neighborhood, currently featuring 3 active listings. - **Year Built**: 1901 - **Total Units**: 3 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/118-madison-street) ### Available Residences — For Sale (3) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [1](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/118-madison-street-1-ny-11216) | 2 | 3 | — | — | $1,995,000 | Revived Residential | May 21, 2026 | 116 days | | [4](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/118-madison-street-4-ny-11216) | 3 | 2 | 1,534 sqft | $1,304 | $1,999,999 (-8.9%) | Revived Residential | Feb 25, 2026 | 201 days | | [2](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/118-madison-street-2-ny-11216) | 2 | 1 | — | — | $1,295,000 (-13.4%) | Revived Residential | May 22, 2026 | 115 days | ## Estimated Monthly Payment **$10,902 / month**, assuming a 20% down payment ($399,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $10,088 - **Common Charges**: $814 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Bedford-Stuyvesant Explore more real estate and insights about Bedford-Stuyvesant. [Explore Bedford-Stuyvesant](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bedford-stuyvesant) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ## Related Links - [118 MADISON Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/118-madison-street) - [Bedford-Stuyvesant neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bedford-stuyvesant) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.