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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

    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!
    139 days
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    230
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    1
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    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#: 935510MLS Logo

    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
        DateEventPrice
        11/13/2025Listed for sale$2,544,000$1,044/sqft
        Source: OneKey® MLS as distributed by MLS GRID #935510 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax 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

        Getting around

        91 / 100
        Walker's Paradise
        72 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        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.

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