---
title: "1259 Madison Street, New York City, NY 11221"
description: "1259 Madison Street, New York City, NY 11221 — Multi Family Home in Bushwick, Brooklyn, NY. Listing Price $2,195,000. Price Reduced: Reduced $55,000 (2.4%) from $2,250,000 on August 20, 2026. 5 bed, 6 bath, 3,350 sqft Illustrative Buyer Commission Share of $32,925 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11221/1259-madison-street-ny-11221"
source: "Real Estate Rebate Team"
status: "Active"
---

# 1259 Madison Street, New York City, NY 11221

Multi Family Home in Bushwick, Brooklyn, NY

Courtesy of Compass

## At a Glance

- **Listing Price**: $2,195,000
- **Price Reduced**: Reduced $55,000 (2.4%) from $2,250,000 on August 20, 2026
- **Beds**: 5
- **Total Baths**: 6
- **Sqft**: 3,350
- **Monthly Taxes**: $242 / mo
- **Price per Sqft**: $655
- **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**: $2,195,000
- **Illustrative Buyer Commission Share**: -$32,925*
- **Illustrative Net Cost**: $2,162,075

*Illustrative Buyer Savings of $32,925 — 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)

![1259 Madison Street, New York City, NY 11221 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ede33a33-e688-44b4-97bd-ece48562f102.jpg)
![1259 Madison Street, New York City, NY 11221 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/708e34ed-72c9-4b30-a1a5-953ebfab4135.png)
![1259 Madison Street, New York City, NY 11221 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d9060d8a-8e07-4220-9c43-dedc5f39c553.jpg)
![1259 Madison Street, New York City, NY 11221 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5ff6af05-fc91-4afa-98f3-77e8a081e22e.png)
![1259 Madison Street, New York City, NY 11221 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1685ad86-f417-4182-a061-dd83243f2210.jpg)
![1259 Madison Street, New York City, NY 11221 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/543b34d5-771b-419d-8360-1d44088460f0.jpg)
![1259 Madison Street, New York City, NY 11221 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b2c0c8e0-1757-451c-adb8-b5fb1e128f95.jpg)
![1259 Madison Street, New York City, NY 11221 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b8fa7ed7-583d-41c5-8d05-009dce306765.jpg)
![1259 Madison Street, New York City, NY 11221 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/89fe8de0-8406-40f2-952d-6d4c32c079b7.png)
![1259 Madison Street, New York City, NY 11221 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/421b1780-2a6c-4b81-bd25-13d29f6ab8d8.jpg)

## Property Overview

Nestled on one of Bushwick’s most welcoming residential blocks, 1259 Madison Street is a beautifully maintained two-family residence that offers the rare combination of refined owner living and strong income potential. This exceptional property offers five bedrooms, four full bathrooms, and two half bathrooms across two distinct units — an expansive upper duplex with a finished basement and a self-contained garden-level rental.

Upon entering the owner’s duplex, you are welcomed by a sun-drenched open-concept living and dining area that flows naturally into your kitchen outfitted with a six-burner Bosch gas range, Bosch double-door refrigerator, Bosch dishwasher, Sharp microwave, and a dedicated wine fridge. Three generous bedrooms, two full bathrooms, and two thoughtfully placed half baths complete the upper floors. The finished basement below offers expansive, flexible space — ideal for a home gym, media room, or a creative retreat tailored to your lifestyle.

The garden-level unit is a two-bedroom, two-bathroom apartment with its own private entrance and a complete appliance package ready for immediate occupancy and rental income from day one.

Positioned on Madison Street with Bushwick Playground at the end of the block, the outdoor life here is effortless. Irving Square Park and Heckscher Playground are both close by, offering verdant retreats for morning runs, afternoon strolls, or leisurely weekends. When it’s time to eat, the neighborhood more than delivers — grab a perfectly made espresso and a morning pastry at L’Imprimerie Bakery, settle in for drinks at the beloved Father Knows Best, or wind down over a relaxed dinner at the perennial neighborhood favorite, Money Cat. The L train is nearby, placing the rest of the city comfortably within reach.

1259 Madison Street is a home that is ready to be lived in, loved, and appreciated for years to come.

## Property Details

- **Property Type**: Multi Family
- **Beds**: 5
- **Total Baths**: 6
- **Rooms**: 12
- **Sqft**: 3,350 sqft
- **Stories**: 3
- **Year Built**: 1920
- **Price per Sqft**: $655
- **Monthly Taxes**: $242 / mo
- **Listed On**: May 26, 2026
- **Days on Market**: 113 Days

### Residence Features

- Central Air
- In Unit
- See Remarks
- Private Outdoor Space Over 60 Sqft
- Private Yard
- Double Vanity
- Entrance Foyer
- High Ceilings
- His and Hers Closets
- Kitchen Island
- Pantry
- Recessed Lighting
- Soaking Tub
- Walk-In Closet(s)
- Dryer
- Dishwasher
- Range
- Refrigerator
- Range Hood
- Stainless Steel Appliance(s)
- Washer
- Hardwood
- Full
- Skylight(s)

## Sales Evidence

### How this price compares

The median closed price for comparable house sales in Bushwick is $1,692,500, based on 36 sales between October 2021 and September 2026. This home is asking $2,195,000, $502,500 above that median. The middle half of those sales closed between $1,443,750 and $1,912,500.

- **Median closed price**: $1,692,500
- **Middle half**: $1,443,750 – $1,912,500
- **Based on**: 36 house sales in Bushwick
- **Period**: October 2021 – September 2026
- **Median $/ft²**: $532/ft²

Across the 27 of these sales with a published asking price, the median closed at 98.3% of what it originally asked. 63% of them closed below the original ask.

A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Bushwick. Apartment sales are excluded from it entirely.

### How these sales were negotiated

- **Sold vs original ask**: 98.3% of the original ask
- **Closed below ask**: 63% of 27 sales
- **Listed → in contract**: 87 days (about 12 weeks)
- **In contract → closed**: 69 days (about 10 weeks)

Across the 27 of these sales with a published asking price, the median closed at 98.3% of what it originally asked. 63% of them closed below the original ask.

Half of these homes were in contract within 87 days (about 12 weeks) of coming to market, based on the 30 with a recorded listing date.

Once a deal was agreed, closing took a further 69 days (about 10 weeks), based on the 30 with both dates recorded.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

Based on 36 house sales in Bushwick, October 2021 – September 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at 1259 Madison Street](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1259-madison-street)

## Price and Property History for 1259 Madison Street

Review the recorded listing activity for 1259 Madison Street, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $55,000, or 2.4%, on August 20, 2026
- **Originally listed**: May 11, 2026 at $2,250,000
- **Current asking price**: $2,195,000

| Date | Price | Listing event |
| --- | --- | --- |
| August 20, 2026 | $2,195,000 | Asking price reduced by $55,000, or 2.4% |
| May 11, 2026 | $2,250,000 | Listed for sale by Compass |

## Property Tax History

Taxes at 1259 Madison Street were $2,936 in 2026, up 10.1% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $88,860 | $11,460 | $77,400 | $14,618 | $2,936 | 20.085% (estimated) |
| 2025 (FY 2025/26) | $102,000 | $11,460 | $90,540 | $14,618 | $2,667 | 20.085% (estimated) |
| 2024 (FY 2024/25) | $81,180 | $11,460 | $69,720 | $14,437 | $1,169 | 20.085% |
| 2023 (FY 2023/24) | $71,760 | $11,460 | $60,300 | $13,648 | $1,089 | 20.085% |
| 2022 (FY 2022/23) | $77,880 | $11,460 | $66,420 | $12,896 | $1,013 | 20.309% |
| 2021 (FY 2021/22) | $62,160 | $11,460 | $50,700 | $12,182 | $928 | 19.963% |
| 2020 (FY 2020/21) | $71,760 | $11,460 | $60,300 | $12,182 | $985 | 21.045% |
| 2019 (FY 2019/20) | $58,320 | $11,460 | $46,860 | $12,031 | $977 | 21.167% |
| 2018 (FY 2018/19) | $11,373 | — | — | $11,373 | $2,379 | 20.919% |
| 2017 (FY 2017/18) | $10,747 | — | — | $10,747 | $2,191 | 20.385% |
| 2016 (FY 2016/17) | $10,152 | — | — | $10,152 | $2,029 | 19.991% |
| 2015 (FY 2015/16) | $10,152 | — | — | $10,152 | $1,985 | 19.554% |
| 2014 (FY 2014/15) | $10,026 | — | — | $10,026 | $1,921 | 19.157% |
| 2013 (FY 2013/14) | $9,478 | — | — | $9,478 | $1,819 | 19.191% |
| 2012 (FY 2012/13) | $8,956 | — | — | $8,956 | $1,663 | 18.569% |
| 2011 (FY 2011/12) | $8,460 | — | — | $8,460 | $1,540 | 18.205% |
| 2010 (FY 2010/11) | $8,460 | — | — | $8,460 | $1,469 | 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 3033610043. 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

### 1259 Madison Street

Bushwick · Multi Family

1259 Madison Street, Brooklyn, NY 11221

A building in Bushwick, currently featuring 1 active listing.

- **Year Built**: 1920
- **Total Units**: 1
- **Floors**: 3

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1259-madison-street)

### Available Residences — For Sale (1)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11221/1259-madison-street-ny-11221) | 5 | 5 | 3,350 sqft | $655 | $2,195,000 (-2.4%) | Compass | May 26, 2026 | 112 days |

## Estimated Monthly Payment

**$11,341 / month**, assuming a 20% down payment ($439,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $11,099
- **Property Taxes**: $242

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

## Bushwick

Overview of Bushwick

[Explore Bushwick](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Bushwick

- [Ridgewood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/ridgewood)
- [Williamsburg real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/williamsburg)
- [Crown Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights)
- [Glendale real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/glendale)
- [Cypress Hills real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/cypress-hills)

## Related Links

- [1259 Madison Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1259-madison-street)
- [Bushwick neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick)
- [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.