THE CONDO BOOK PROJECT

118 Madison Street Condominium

118 Madison Street, Brooklyn, NY 11216

Overview

Units
4 residential
Subway
6 min walk to Nostrand Av A CFranklin Av C S, 6 min
Average $/sf
$1,407Homes in Schedule A, as first offered
Common charges
$587–$858 a monthSponsor's first-year estimate in Schedule A, October 1, 2024 – September 30, 2025
Offering price
$7.1 million total

The sponsor of record is 118 Madison LLC, represented by Law Offices Of Dajka And Poplawski. The offering plan runs 311 pages. The sponsor has filed 1 amendment, the latest in January 2026. The nearest other condo plan on file is 107 Madison Street Condominium, next door.

Plan CD230243 · New · accepted Jun 10, 2024 · AG record ↗

Compare

FigureThis building1Belle Grove24 units · 0.1 miaccepted 202456 Quincy34 units · 0.3 miaccepted 2024
Common ChargesPer Square Foot / Month$0.57In line$0.44$0.59
Average Offering PricePer Apartment$1.77MIn line$1.52M$2.12M
Average PricePer Square Foot$1,407In line$1,233$1,638
Property TaxesPer Square Foot / Month$0.28Lowest$1.12$0.59
Average Unit SizeSquare Feet1,261 SFIn line1,233 SF1,293 SF

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Unit mix, closings, budgets, finishes and the team, against Belle Grove and 56 Quincy, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
118 Madison LLC
Counsel
Law Offices Of Dajka And Poplawski
Tax estimate
Damian Dajka, Esq.Prepared the first-year real estate tax projection

From our research: Do NYC Developers Rehire the Same Firms?

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