959 Madison Street Condominium
959 Madison Street, Brooklyn, NY 11221
Overview
959 Madison Street is an 8-unit condo in Brooklyn, with 1 commercial unit.
- Offering plan: Accepted December 2022 · 392 pages · floor plans on page 13
- Finishes: Engineered wood floors, quartz kitchen countertops, Fisher & Paykel and Bertazzoni appliances, a washer and dryer in each apartment, Kohler bathroom fittings and split-system units for heating and cooling
- Prices: $1,134 a square foot on average, as first offered; $10.5 million in all ($9.78 million when first offered)
- Common charges: $402–$641 a month, the sponsor's first-year estimate
- Sponsor: Bushwick Development Group LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Arie Bar Chaim
- Neighborhood: Bushwick, Brooklyn
- Subway: 5-minute walk to Gates Av (J, Z); 6 minutes to Halsey St (J)
- Amendments: 2, the latest in May 2023
- Units
- 8 residential · 1 commercial
- Neighborhood
- Bushwick, Brooklyn
- Subway
- 5 min walk to Gates Av J ZHalsey St J, 6 min
- Principals
- Arie Bar Chaim
- Average $/sf
- $1,134Homes in Schedule A, as first offered
- Common charges
- $402–$641 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 - June 30, 2024
- Offering price
- $10.5 million total $9.78 million when first offered
- Floor plans
- Page 13 of the plan
- SubmittedMarch 2023
- AcceptedDecember 2022
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
8 of 8homes sold (100%)
From city records (ACRIS), through Jul 31, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Ask Claude or ChatGPT: How do 959 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 for 8 homes.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 3 closing costs in the plan, with their pagesSee it free →The Building
Team
- Sponsor
- Bushwick Development Group LLC
- Principals
- Arie Bar Chaim
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Quanta Finance$4.3 million recorded
- Buyer's lender
- U.S. BankThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 240
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
- Commercial overlay
- C1-3
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 849 Madison Court Condominium0.1 mi · 7 units · 2022
- 832 Monroe Street Condominium0.2 mi · 7 units · 2021
- 1060 Jefferson Condominium0.2 mi · 10 units · 2022
- Hastings House0.2 mi · 10 units · 2022
- 80 Cornelia Street Condominium0.2 mi · 3 units · 2025
- Ten27 Condominium0.2 mi · 20 units · 2025
Free in ChatGPT or Claude
Ask Claude or ChatGPT about 959 Madison Street
The fastest way to know any condo or co-op
Get Connected →