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!
Listed by Melissa Mckoy
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Century 21 Milestone Team Rlty
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718-291-7000
Last updated November 18, 2025
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Source: OneKey #935510
Listing Facts
TypeMulti-family
NeighborhoodBedford-Stuyvesant
Bedrooms10
Bathrooms8
Days on Prevu6
Taxes$6,925/year
Location
Mortgage Calculator
Listing History
11/13/2025
Listed by Century 21 Milestone Team Rlty
$2,544,000
Estimated Closing Costs
Total
$91,925
Attorney Fees
$4,000
NYC Mansion Tax
$31,800
Title Insurance
$11,448
Bank Attorney
$1,500
Mortgage Recording Tax
$39,177
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $2,544,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 475 Madison Street
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Property Condition: Actual, Fixer
Year Built: 1931
Construction Materials: Brick
Measurements
Building Area Total: 2,436
Building Area Units: Square Feet
Lot Size Acres: 0.03
Lot Size Square Feet: 1,476
Financial
Taxes
Parcel Number: 01639-0079
Tax Annual Amount: $6,925.00
Tax Assessed Value: $248,400.00
Tax Year: 2024
Interior
Features
Interior Features: First Floor Bedroom, First Floor Full Bath
Rooms
Basement: See Remarks, Storage Space, Unfinished
Has Basement: Yes
Bathrooms Full: 8
Bathrooms Total Integer: 8
Bedrooms Total: 10
Other
Location
Tax Block: 1639
Tax Lot: 79
Schools
Elementary School
Elementary School: Ps 308 Clara Cardwell
Elementary School District: Brooklyn 16
High School
High School: Contact Agent
High School District: Contact Agent
Middle or Junior School
Middle Or Junior School District: Brooklyn
Utilities
Equipment
Heating: See Remarks
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Available
Water Source: Public
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Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
