508 Madison Street, Brooklyn (Bedford Stuyvesant), NY, 11221 | $3,350,000

Discover the timeless elegance of 508 Madison Street, a lovingly restored 20-foot wide classic Brownstone spanning over 4, 000 SQFT in the heart of vibrant Bedford-Stuyvesant. Originally constructed in 1931, this two-family home offers 6 bedrooms, 4. 5 bathrooms, seamlessly blending modern luxury with historic grandeur. Sure to impress, this stately townhouse offers five pristine levels, including a fully built out basement.

Upon entering the expansive 4 bedroom owner's triplex through custom double doors and into your vestibule, you instantly capture the spirit of Brooklyn with mosaic tiled entry floors welcoming you to your grand parlor level filled with jaw dropping details throughout. Perfectly blending in original charm with a modern touch, the dreamy open concept plan has distinct quarters for your living, dining and kitchen needs with grand proportions to boot. This chic entertainment level boasts a warm and welcoming environment with one of your three wood-burning fireplaces, oversized windows, sleek black pocket shutters and a built-in laser projector with recessed electronic screen, perfect for cozy movie nights.

Heading past the dining area, the kitchen is a home chef's dream, detailed with Subzero & Wolf appliances, grey paneled cabinetry with brass tones, open shelving, tin ceiling tiles, closeted pantry and sun splashed wall of windows. The marbled waterfall island overlooks your deck, perfect for dining al-fresco and connects to the stunning Japanese inspired, landscaped garden with step stones leading you to a lush seating area, evoking a sense of calm and serenity. A posh powder room detailed with custom wallpaper complete the parlor level, along with built-in push-to-open closets underneath the staircase for additional storage.

Elegant and custom wooden bannisters lead you past exposed brick details and to your south-facing primary suite with windowed walk-in closet and herringbone floors leading you to a spa-like bathroom with marble double head shower, floating double vanities and clawfoot tub. A private office boasting a wood burning fireplace seamlessly connects to your walk-through primary suite, designed to perfectly flow between bedroom, bathroom and study. A stylishly concealed laundry room completes the second level. The top floor consists of two generously sized additional bedrooms, bathroom and bulkhead with stairs leading to your roof.

The garden residence is a spacious 2 bedroom, 2 bathroom guest apartment duplexed with a second entertainment lounge in the finished basement and has its own wood burning fireplace, two dedicated work stations, washer/dryer, and access to the dreamy outdoor area. Additionally, front exterior stairs lead you to a completely separated basement space perfect for additional storage and access to the mechanicals as a primary owner.

Additional features of the home include custom crown moldings, central heating/cooling with Nest thermostats, George Nelson & Tom Dixon designer light fixtures, Parisian styled medallion moldings, rotary push button light switches and dimmers, Kohler fixtures, CAT 6 networking/wifi, sprinkler system, Ring alarm and seven camera external security system, solar panels and floodlights at all entry points.

508 Madison Street is conveniently located on arguably one of the prettiest tree-lined streets in Bedford-Stuyvesant and is surrounded by some of its best neighborhood amenities. Boasting an eclectic mix of restaurants, cafes and shops nearby such as Saraghina, Corto, Peaches, Frog & Zaca to name a few, there is a plethora of local hotspots just a short stroll away. The Utica & Kingston-Throop A & C subway lines make for an easy commute into Manhattan and around Brooklyn. This trophy brownstone dream home is one you won't want to miss given its grand size and thoughtfully restored details throughout.
Approximate SQFT: 4, 160 + 770 (finished basement)

Features

  • Town: Brooklyn
  • Amenities: Alarm System; Sprinkler System; Garden; Laundry Room;
  • Rooms: 12
  • Laundry: InUnit
  • Year Built: 1931
  • Cooling: Central
  • Building Access : Walk-up
  • Service Level: None
  • Built Size: 20'x42'
  • OLR#: RPLU33423136714
  • Days on Market: 103 days
  • Website: https://www.raveis.com
    /prop/RPLU33423136714/508madisonstreet_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Group

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NMLS Mortgage Loan Originator ID 1880936

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508 Madison Street, Brooklyn (Bedford Stuyvesant), NY, 11221

$3,350,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,680,000 $2,680,000 $2,680,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $15,217 $16,720 $22,435
Total Monthly Payment $15,342 $16,845 $22,560

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.