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for saleRealtyLens property overview
$1,495,000
118 Madison St Unit 3
Brooklyn, NY, 11216
View more Brooklyn, NY property pages2Beds
2Baths
1,195Sqft
$1251$/sqft
Listing Notes
Perfectly positioned on the literal border of Clinton Hill and Bedford-Stuyvesant, Residence Two is a beautifully designed two-bedroom, two-bathroom home within an intimate four-unit boutique condo conversion. Located on Madison Street between Bedford Avenue and Franklin Avenue, this home offers the perfect blend of modern luxury and prime Brooklyn living. Flooded with natural light from massive windows, the expansive living and dining area flows seamlessly to a large private balcony off the back - ideal for morning coffee or evening unwinding. The thoughtfully designed layout features two generously sized bedrooms, including a spacious primary suite, and two full bathrooms finished with imported stone and refined detailing. The expertly crafted kitchen showcases stainless steel appliances, custom cabinetry, and premium finishes that balance style and functionality. Throughout the home, you'll find beautiful hardwood floors, abundant closet space, and the convenience of an in-unit washer and dryer as well as central air & heat. With remarkably low monthlies and a superb location just moments from the A, C, and G trains, Residence Two offers exceptional value in one of Brooklyn's most vibrant and connected neighborhoods.
Market Insights
Near nearby median+0.1%
$1251/sqft vs a nearby median of $1250/sqft.
Nearby median$1250/sqft
Nearby properties8
Property size1,195 sqft
- +0.1% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 1,195 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$1.54M$1.40M – $1.68M · 50% confidence
vs ask $1.50M−$44k (−2.9%)
Asking price is well-anchored to the comp picture (-2.9%). Negotiate on terms, not headline price.
$1,250/sqft median across 7 tight comps × 1,195 sqft= $1.49M
- Transit access+$37k +2.5%
- Modern construction+$22k +1.5%
- Days-on-market gravity−$15k −1.0%
Cumulative NYC adjustments+$45k+3.0%
Property Read
The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 90 days
- Last price change
- No change recorded
- Listed
- Feb 11, 2026
- Photos
- 13 photos
- Property type
- townhomes
- Status
- for sale
Features & Amenities
Central AirDining RoomPets AllowedBalconyHardwood FloorsDen
Photos
Building Facts
- Year built
- 2021
- Stories
- 4
- Total units
- 4
- Residential units
- 4
- Building area
- 5,449 sqft
- Lot size
- 2,000 sqft
- Land use
- Multi-family walk-up buildings
- Building class
- C3
From NYC public records where available.
Price History
May 4, 2026Initial record
$1,495,000for sale
Public Records
DOB violations0 open
2 total recorded against the building
HPD violations0 open
0 total recorded
ACRIS documents35
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)31,983
Top: heat/hot water
Top complaint types in ZIP 11216
- HEAT/HOT WATER3,947
- Noise - Residential2,989
- Illegal Parking2,387
- UNSANITARY CONDITION1,649
- Noise - Street/Sidewalk1,418
Recent DOB
- Oct 1, 1999V*-DOB VIOLATION - DISMISSED · C-CONSTRUCTION OTHER OPTIONAL
- Oct 1, 1999V%*-DOB VIOLATION - DISMISSED · UB-UNSAFE BUILDINGS NONE
Recent Transfers (ACRIS)
- Sep 15, 2022DEED
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.