Brooklyn (Bedford-Stuyvesant), NY, 11221 | $2,645,000

Welcome to 497 Madison Street, a beautifully reimagined townhouse that honors its 1931 origins while offering the luxury and convenience of modern living. This elegant four-story, two-family Brownstone offers a perfect blend of historic charm and contemporary design. With 7 bedrooms, 4 full bathrooms, 2 powder rooms, a private deck, a generous garden, and a fully finished cellar, this home provides ample space for both comfort and versatility. The upper triplex features 5 bedrooms and 3. 5 bathrooms, introduced by a gracious double-door foyer leading to a wide staircase. The main level hosts a stylish living room with a decorative fireplace, flowing seamlessly into the dining area and an open kitchen, complete with an island, custom cabinetry, and premium stainless steel appliances. A powder room is thoughtfully tucked away near the kitchen, which opens to a deck overlooking the serene backyard—a perfect spot for outdoor gatherings. The upper floors offer a private retreat with spacious bedrooms and beautifully appointed bathrooms. The primary suite overlooks the tranquil garden and features a walk-in closet and a luxurious en-suite bath with a double vanity, a glass-enclosed shower, and a soaking tub. The 4 additional bedrooms provide flexibility for various needs, whether it’s a home office, a nursery, home gym or a guest bedroom. The finished cellar offers endless possibilities—whether you envision a media room, a workspace, or an extension of the garden-level unit. The garden-level unit includes 2 bedrooms, 1 full bathroom, and comes equipped with an in-unit washer/dryer. This garden apartment serves as an ideal rental opportunity or private space for guests. Situated on a picturesque, tree-lined street, this townhouse is just steps away from local favorites like Chez Oskar, Saraghina, and Peaches, and offers easy access to multiple parks and public transit. With the A/C and J trains nearby, getting around Brooklyn and Manhattan are a breeze. 497 Madison Street combines the best of city living with the charm of this historic neighborhood. Schedule a private showing today!

Features

  • Town: Brooklyn
  • Rooms: 14
  • Bedrooms: 7
  • Baths: 4 full / 2 half
  • Units: 2
  • Lot Size: 20.000000x100.000000
  • Laundry: Washer Hookup,Gas Dryer Hookup,In Unit,See Remarks
  • Style: Walk-Up
  • Year Built: 1931
  • Heating: Central
  • Cooling: Central Air,Other
  • Basement: Full
  • Approx Sq. Feet: 4,100
  • Lot Size: 20.000000x100.000000
  • Est. Taxes: $4,680
  • Pet Policy: Building No,Cats OK,Dogs OK
  • Appliances: Cooktop,Dryer,Dishwasher,Gas Cooktop,Gas Oven,Range,Refrigerator,Range Hood,Stainless Steel Appliance(s),Washer
  • MLS#: COMP-169728072208075
  • Days on Market: 10 days
  • Website: https://www.raveis.com
    /prop/COMP-169728072208075/497madisonstreet_brooklyn_ny?source=qrflyer
Copyright © 2024  The Real Estate Board of New York, Inc., All rights reserved
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 Compass   Phone: (212) 913-9058

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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Brooklyn (Bedford-Stuyvesant), NY, 11221

$2,645,000

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 $2,116,000 $2,116,000 $2,116,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.004% 6.738% 6.307%
Monthly Tax Payment $390 $390 $390
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,348 $13,549 $17,999
Total Monthly Payment $12,863 $14,064 $18,514

* 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.