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$3,461,215*
●
Multifamily -
Off Market
118 Madison Street
Brooklyn, NY 11216
5 Beds
3 Baths
$2,340,000 - $2,860,000
Reference Base Price*
33.12%
Since Nov 1, 2020
NY-New York
Primary Model
About This Property
118 Madison Street is currently a legal two-family brownstone
positioned perfectly on the boarder of Clinton Hill and Bed-Stuy.
The current owners have plans approved for the construction of a
four-unit high end ultra-luxury condominium project. The building
you see in the rendering is the finished product and is comprised
of a massive penthouse triplex, two huge duplexes and a walk in
two-bedroom garden apartment. The total build is 6,000 square feet
and the projected sell out is over $7,000,000. This building is
being sold as is with all plans and filings that have been done
already. The owners are also open to a Joint Venture, recent
comparable sales for condos in the neighborhood are upwards of
$1,200 a square foot. This could also be developed and held to
collect rent for as long as you see fit, we believe a finished
product could pull in over $20,000 a month in rent. Buy it now,
develop and hold it and if you so choose later on convert it to
condos and sell them. This is a great opportunity for the right
developer and will pay dividends as time goes on. This is an
excellent location on the boarder of two of Brooklyn's most popular
neighborhoods.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1901
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 2, 2020 | No longer available | - | |
No longer available | |||
Aug 9, 2020 | Listed | $2,600,000 | |
Listed | |||
May 15, 2019 | Sold to Radoslaw Kurek, Adam Orzech... | $1,800,000 | |
Sold to Radoslaw Kurek, Adam Orzech... |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Multifamily
5
Beds
5
Baths
4,511 ft²
$630/ft²
$2,840,000
Jun 24, 2022
$2,840,000
May 3, 2023
-
Multifamily
5
Beds
4
Baths
3,900 ft²
$744/ft²
$2,900,000
Jan 26, 2023
$2,900,000
Apr 14, 2023
-
Townhouse
5
Beds
5
Baths
-
$2,645,000
Mar 5, 2020
$2,645,000
Dec 31, 2020
-
Sold
Townhouse
5
Beds
5
Baths
-
$2,710,000
May 31, 2022
$2,710,000
Aug 30, 2022
-
Townhouse
5
Beds
4
Baths
-
$2,720,000
Jul 12, 2020
$2,720,000
Oct 20, 2020
-
House
5
Beds
5
Baths
-
$2,470,000
Apr 16, 2021
$2,470,000
Jul 27, 2021
-
In Contract
Multifamily
5
Beds
4
Baths
3,248 ft²
$861/ft²
$2,795,000
Sep 23, 2021
-
-
In Contract
Multifamily
5
Beds
4
Baths
2,955 ft²
$761/ft²
$2,250,000
Oct 14, 2022
-
-
Active
Multifamily
5
Beds
4
Baths
3,180 ft²
$703/ft²
$2,235,000
Jan 30, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/09/2020
|
|
5 Bed
|
3 Bath
|
-
|
$2,600,000
5 Bed
3 Bath
|
-
-
|
-
|
-
|
12/04/2018
|
6 Bed
|
4 Bath
|
-
|
$1,979,000
6 Bed
4 Bath
|
$1,979,000
05/15/2019
|
-
|
Andrew Parker
The Corcoran Group
|