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$1,650,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 hours ago
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Welcome to 389 Madison Street, a classic Bedford-Stuyvesant brownstone filled with original character and opportunity. This legal multi-family townhouse showcases beautiful architectural details, high ceilings, original moldings, and the timeless charm Brooklyn brownstones are known for. Offering generous living space across multiple levels, the home features a traditional stoop entry, private backyard, and full basement. Ideal for end users looking to create their dream home or investors seeking strong income potential in one of Brooklyn's most desirable neighborhoods. Situated on a tree-lined block surrounded by historic brownstones, just moments from transportation, restaurants, cafes, and everyday conveniences. A rare opportunity to own a true piece of classic Brooklyn with endless potential. Needs some TLC

Full Property Details for 389 Madison St

General

  • Price: $1,650,000
  • Taxes: $6,416
  • Status: Active
  • Type: Multi-Family
  • Source: Long_Island
  • MLS ID: 954885
  • Updated: Today (1/23/2026)
  • Added to Site: Today

Interior

  • Interior Features: First Floor Bedroom

Parking

  • Parking Features: Off Street

Location

  • County: Kings (Brooklyn)

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Steam

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected

Structural Information

  • Detached/Attached: Attached
  • Construction: Brownstone
  • Basement: Yes
  • Basement Desc.: Storage Space
  • Building Size: 5000
  • Square Feet: 5,000
  • Year Built: 1931

Lot Features

  • Lot Size (Acres): 0.0459
  • Lot Size (Sq. Ft.): 2,000

Financial Considerations

  • Tax Amount: $6,416.68

Disclosures and Reports

  • Special Conditions: Notice Of Default
  • Property ID: 01820-0062

Listed by Resource Realty Group

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Listing agent

— 389 Madison St —

  • Resource Realty Group

917-654-9835

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 389 Madison St

School District:New York City Geographic School District 13
NameGradesDistance
Ps 44 Marcus Garvey
432 Monroe Street, Brooklyn, NY 11221
K-50.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 389 Madison St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/23/2026
Listed
$1,650,000
-12%
MLS
5/28/2025
Sold
$1,875,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 389 Madison St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,627
3%
$53,019
-88%
2024
$6,417
8%
$426,600
20%
2023
$5,946
10%
$355,500
20%
2022
$5,403
8%
$296,100
25%
2021
$5,003
-2%
$236,835
3%
2020
$5,087
3%
$229,950
20%
2019
$4,924
14%
$191,700
424%
2017
$4,309
—
$36,584
8%
2017
$4,309
7%
$33,879
8%
2016
$4,044
—
$31,372
—
2015
$4,042
4%
$31,372
3%
2015
$3,904
12%
$30,370
8%
2013
$3,501
—
$28,142
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 389 Madison St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Listed by Resource Realty Group

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389 Madison Street, Brooklyn, NY 11221 (MLS# 954885) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 389 Madison Street is currently listed for $1,650,000 and was received on January 23, 2026. Want to learn more about 389 Madison Street? Do you have questions about finding other Multi-Family real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

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