118 Madison Street Condominium
118 Madison Street, Brooklyn, NY 11216
Overview
118 Madison Street is a new 4-unit condo in Brooklyn.
- Offering plan: Accepted June 2024 · 311 pages · floor plans on page 34
- Finishes: 8'4" ceilings, wood floors, quartz kitchen countertops, Samsung appliances, a washer and dryer in each apartment, Hansgrohe bathroom fittings and split-system units for heating and cooling
- Prices: $1,407 a square foot on average, as first offered; $7.1 million in all
- Common charges: $587–$858 a month, the sponsor's first-year estimate
- Sponsor: 118 Madison LLC, represented by Law Offices Of Dajka And Poplawski
- Subway: 6-minute walk to Nostrand Av (A, C); 6 minutes to Franklin Av (C, S)
- Amendments: 1, the latest in January 2026
- Units
- 4 residential
- Subway
- 6 min walk to Nostrand Av A CFranklin Av C S, 6 min
- Average $/sf
- $1,407Homes in Schedule A, as first offered
- Common charges
- $587–$858 a monthSponsor's first-year estimate in Schedule A, October 1, 2024 – September 30, 2025
- Offering price
- $7.1 million total
- Floor plans
- Page 34 of the plan
- SubmittedJanuary 2026
- AcceptedJune 2024
- 1 amendment
Units & Prices
First-Year Budget
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Ask Claude or ChatGPT: How do 118 Madison Street's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills.
Each home's estimate, city bills and tax breaksSee it free →Compare
| Figure | This building1 | Belle Grove24 units · 0.1 miaccepted 2024 | 984 Bergen34 units · 0.5 miaccepted 2023 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.57Highest | $0.44 | $0.35 |
| Average Offering PricePer Apartment | $1.77MIn line | $1.59M | $1.78M |
| Average PricePer Square Foot | $1,407Above peers | $1,291 | $1,389 |
| Average Unit SizeSquare Feet | 1,261 SFIn line | 1,233 SF | 1,282 SF |
How We Got This
- Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 7 closing costs in the plan, with their pagesSee it free →The Building
Team
- Sponsor
- 118 Madison LLC
- Counsel
- Law Offices Of Dajka And Poplawski
- Tax estimate
- Damian Dajka, Esq.Prepared the first-year real estate tax projection
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7X
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 107 Madison Street Condominiumnext door · 10 units · 2021
- 1155 Bedford Avenue Condominiumnext door · 7 units · 2024
- 131 Madison Street Condominiumnext door · 8 units · 2025
- 170 Putnam Avenue Condominiumnext door · 3 units · 2014
- 215 Putnam Avenue Condominiumnext door · 6 units · 2022
- Jefferson Gardens Condominium0.1 mi · 4 units · 2024
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