131 Madison Street Condominium
131 Madison Street, Brooklyn, NY 11216
Overview
131 Madison Street is an 8-unit condo in Brooklyn.
- Offering plan: Accepted July 2025 · 339 pages · floor plans on page 37
- Finishes: Hardwood floors, washer/dryer hook-ups and split-system units for heating and cooling
- Prices: $1,097 a square foot on average, as first offered; $5.41 million in all
- Common charges: $334–$763 a month, the sponsor's first-year estimate
- Sponsor: Bsd Madison 1 LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.
- Subway: 6-minute walk to Nostrand Av (A, C); 7 minutes to Franklin Av (C, S)
- Amendments: 1, the latest in June 2026
- Units
- 8 residential
- Subway
- 6 min walk to Nostrand Av A CFranklin Av C S, 7 min
- Average $/sf
- $1,097Homes in Schedule A, as first offered
- Common charges
- $334–$763 a monthSponsor's first-year estimate in Schedule A, January 1, 2026 - December 31, 2026
- Offering price
- $5.41 million total
- Floor plans
- Page 37 of the plan
- SubmittedJune 2026
- AcceptedJuly 2025
- 1 amendment
Units & Prices
First-Year Budget
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Ask Claude or ChatGPT: How do 131 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 | 93 Waverly27 units · 1 miaccepted 2025 | 156 Tompkins38 units · 0.7 miaccepted 2024 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.69Above peers | $0.62 | $0.53 |
| Average Offering PricePer Apartment | $676,000Below peers | $727,000 | $761,625 |
| Average PricePer Square Foot | $1,097In line | $1,164 | $1,040 |
| Average Unit SizeSquare Feet | 616 SFSmaller | 625 SF | 732 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
Amendments
Amendment 1 Jun 10, 2026
Amendment updates condominium operation start date to July 1, 2026, extends the offering plan term by six months, and adds rescission rights for purchasers.
- Commencement of condominium operation moved to July 1, 2026
- Offering plan term extended for six (6) months
- Purchasers contracting after amendment get rescission right if first closing delayed past July 1, 2027
- Construction complete; sponsor obtaining NYC Department of Buildings sign-off
- No units currently under contract
- Updated Schedule B budget with first-year projected income of $40,873.14 and matching expenses
Team
- Sponsor
- Bsd Madison 1 LLC
- Tax estimate
- RE Tax Service, LLCPrepared the first-year real estate tax projection
- Construction lender
- Quanta Finance$4.5 million recorded
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Zoning
- Zoning district
- R6A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 1155 Bedford Avenue Condominiumnext door · 7 units · 2024
- 215 Putnam Avenue Condominiumnext door · 6 units · 2022
- 118 Madison Street Condominiumnext door · 4 units · 2024
- 107 Madison Street Condominiumnext door · 10 units · 2021
- Belle Grove Condominiumnext door · 4 units · 2024
- 170 Putnam Avenue Condominiumnext door · 3 units · 2014
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