---
title: "118 Madison Street #3, New York City, NY 11216"
description: "118 Madison Street #3, New York City, NY 11216 — Bedford-Stuyvesant, New York City, NY. Listing Price $1,295,000. 2 bed, 2 bath, 1,195 sqft Illustrative Buyer Commission Share of $19,425 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/118-madison-street-3-ny-11216"
source: "Real Estate Rebate Team"
dateModified: "2026-10-12T20:29:38.871Z"
status: "Active"
---

# 118 Madison Street #3, New York City, NY 11216

Bedford-Stuyvesant, New York City, NY

Courtesy of Nest Seekers LLC

Last updated: October 12, 2026, 4:29 PM

## At a Glance

- **Listing Price**: $1,295,000
- **Beds**: 2
- **Baths**: 2
- **Sqft**: 1,195
- **Common Charges**: $557 / mo
- **Monthly Taxes**: $297 / mo
- **Price per Sqft**: $1,084
- **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**: $1,295,000
- **Illustrative Buyer Commission Share**: -$19,425*
- **Illustrative Net Cost**: $1,275,575

*Illustrative Buyer Savings of $19,425 — 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)

## Property Overview

Nestled on the border of Clinton Hill and Bedford-Stuyvesant, this beautifully designed two-bedroom, two-bathroom home sits within an intimate four-unit boutique condominium conversion. Located on Madison Street between Bedford and Franklin Avenues, it offers the ideal mix of modern comfort and classic Brooklyn energy. Sunlight pours in through oversized windows, illuminating an expansive living and dining area that opens directly onto a generous private balcony—perfect for morning coffee or evening relaxation. The thoughtful floor plan includes two generously sized bedrooms, highlighted by a spacious primary suite, along with two full bathrooms finished in imported stone and refined details.The well-appointed kitchen features stainless steel appliances, custom cabinetry, and premium finishes that balance style with everyday function. Throughout the home you’ll find beautiful hardwood floors, abundant closet space, an in-unit washer and dryer, and central air and heat.With notably low monthly costs and convenient access to the A, C, and G trains just moments away, Residence Three delivers exceptional value in one of Brooklyn’s most vibrant and well-connected neighborhoods.

## Property Details

- **Property Type**: Condominium
- **Beds**: 2
- **Baths**: 2
- **Rooms**: 4
- **Sqft**: 1,195 sqft
- **Stories**: 4
- **Year Built**: 2025
- **Price per Sqft**: $1,084
- **Common Charges**: $557 / Monthly
- **Monthly Taxes**: $297 / mo
- **Listed On**: Oct 8, 2026
- **Days on Market**: 5 Days

### Residence Features

- Central Air
- Building Washer Dryer Install Allowed
- Common Area
- In Unit
- Balcony
- Private Outdoor Space Under 60 Sqft
- Dryer
- Washer

## Estimated Monthly Payment

**$7,402 / month**, assuming a 20% down payment ($259,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $6,548
- **Property Taxes**: $297
- **Common Charges**: $557

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Price and Property History for 118 Madison Street, Unit 3

Review the recorded listing activity for 118 Madison Street, Unit 3, including asking-price changes and prior market dates.

| Date | Price | Listing event |
| --- | --- | --- |
| October 8, 2026 | $1,295,000 | Listed for sale by Nest Seekers LLC |
| September 2, 2026 | $1,295,000 | Listing removed from the market |
| July 2, 2026 | $1,295,000 | Asking price reduced by $200,000, or 13.4% |
| February 11, 2026 | $1,495,000 | Listed for sale by Revived Residential |

## Property Tax History

Taxes at 118 Madison Street #3 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 1 active listing.

- **Year Built**: 2025
- **Active Units**: 1
- **Floors**: 4

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/118-madison-street)

### Available Residences — For Sale (1)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [3](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/118-madison-street-3-ny-11216) | 2 | 2 | 1,195 sqft | $1,084 | $1,295,000 | Nest Seekers LLC | Oct 8, 2026 | 5 days |

## 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.