Welcome to 475 Madison Street, located in the heart of Bedford-Stuyvesant, one of Brooklyn’s most desirable and historic neighborhoods. This property presents a rare opportunity for investors, developers, or end-users looking to create their dream home or next profitable project.
This is a complete gut renovation — ideal for those with vision and creativity. Whether you’re an investor seeking strong returns or a buyer dreaming of designing your family’s forever home, the potential here is limitless.
? Property Highlights:
• Location: Highly sought-after block in Bed-Stuy surrounded by charming brownstones
• Potential: Rebuild or redesign as a single-family, two-family, or multi-unit investment (verify zoning)
• Neighborhood: Minutes to cafés, restaurants, shopping, and major transportation
• Condition: Full gut renovation required – perfect blank canvas for customization
• Value: Strong neighborhood comps and continuous area development
Bring your architect, contractor, and imagination — this is your chance to create something exceptional in one of Brooklyn’s most vibrant communities!
Cash buyers or rehab loan purchasers preferred!
For sale
$2,544,000
475 Madison Street, Brooklyn, NY 11221
10beds
2,436sqft
Triplex, Multi Family
Built in 1931
-- sqft lot
$-- Zestimate®
$1,044/sqft
$-- HOA
What's special
- 139 days |
- 230 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: November 19, 2025 at 11:11pm
Listing by:
Century 21 Milestone Team Rlty 718-291-7000,
Melissa Mckoy 718-291-7000
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 935510
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
- Full bathrooms: 8
Heating
- See Remarks
Cooling
- None
Features
- First Floor Bedroom, First Floor Full Bath
- Basement: See Remarks,Storage Space,Unfinished
Interior area
- Total structure area: 2,436
- Total interior livable area: 2,436 sqft
Property
Parking
- Parking features: None
Lot
- Size: 1,476 Square Feet
Details
- Parcel number: 016390079
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick
Condition
- Actual,Fixer
- Year built: 1931
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Available
Community & HOA
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $1,044/sqft
- Tax assessed value: $248,400
- Annual tax amount: $6,925
- Date on market: 11/13/2025
- Cumulative days on market: 140 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Other
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2025 | Listed for sale | $2,544,000$1,044/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,768 | $206,820 +20% |
| 2023 | -- | $172,350 +20.1% |
| 2022 | -- | $143,550 +25.1% |
| 2021 | -- | $114,750 +2.8% |
| 2020 | $5,315 +6.3% | $111,600 +20.2% |
| 2019 | $4,999 | $92,880 +140.9% |
| 2018 | -- | $38,556 |
| 2017 | $4,904 +10.3% | $38,556 +4.8% |
| 2016 | $4,447 | $36,779 +8% |
| 2015 | $4,447 +48.8% | $34,056 +6.3% |
| 2014 | $2,988 | $32,031 +8% |
| 2013 | -- | $29,659 |
| 2012 | -- | $29,659 +4.8% |
| 2011 | -- | $28,292 +8% |
| 2010 | -- | $26,197 +6.3% |
| 2009 | -- | $24,640 +8% |
| 2008 | -- | $22,815 |
| 2007 | -- | $22,815 +4.8% |
| 2006 | -- | $21,764 +8% |
| 2005 | -- | $20,152 +6.3% |
| 2004 | -- | $18,954 +8% |
| 2003 | -- | $17,550 |
| 2002 | -- | $17,550 +4.8% |
| 2001 | -- | $16,742 +8% |
| 2000 | -- | $15,502 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Bedford-Stuyvesant
Nearby schools
GreatSchools rating
- 3/10Ps 308 Clara CardwellGrades: PK-8Distance: 0.2 mi
- 1/10Boys and Girls High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Ps 308 Clara Cardwell
- High: Contact Agent
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 11221
- New York
- Kings County
- New York
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- Brooklyn
- Bedford-Stuyvesant
- 475 Madison Street






