116 Madison Street, Brooklyn
Three-family · built c. 1910 · Block 1990, Lot 28.
Building permits
- Alteration, filed Mar 22, 2023, estimated cost $158K, described as “Mechanical work in conjunction with interior renovation in existing 5-du. 3-sty. Residential building with bsmt. & cellar. No change in use, means of egress or occupancy in this application.”
- Alteration, filed Mar 20, 2023, estimated cost $151K, described as “Interior renovation in existing 5-family 3-sty. Residential building with bsmt & cellar. No change in use, means of egress or occupancy in this application.”
- Alteration, filed Mar 20, 2023, estimated cost $48K, described as “Plumbing work in conjunction with interior renovation in existing 5-du. 3-sty. Residential building with dsmt. & cellar. No change in use, means of egress or occupancy in this application.”
Property taxes
- Assessment
- $113,340
- 2026–27 tax
- $8,910
- Market value (city estimate)
- $1,889,000
- Taxable value
- $44,904
- Assessed land
- $20,340
- Assessed improvements
- $93,000
Zoning
R6B: floor area ratio 1.52 built, 2.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jul 31, 2025: $3,191,500
- Mar 1, 2023: $1,625,000
Open-market sales since 2016, from the Department of Finance’s sales files.