Brooklyn, NY 11216,116 Madison Street
Brooklyn, NY 11216,116 Madison Street
Brooklyn, NY 11216,116 Madison Street
Brooklyn, NY 11216,116 Madison Street
Brooklyn, NY 11216,116 Madison Street
Brooklyn, NY 11216,116 Madison Street
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Listing Courtesy of Compass
$ 3,550,000
Est. payment | /mo

8 Beds

5 Baths

2,280 SqFt


Save
$ 3,550,000
Est. payment | /mo
Save

8 Beds

5 Baths

2,280 SqFt

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,280 sqft

Price per Sqft $1,557

Subdivision Bedford-Stuyvesant

MLS Listing ID COMP-1683394437322833273

Style Walk-Up

Bedrooms 8

HOA Y/N Yes

Year Built 1910

Annual Tax Amount $4,536

Property Description

Prime Investment Opportunity in BedStuy West – 5-Family Townhouse on Madison Street

Located in the highly desirable BedStuy West, this newly renovated five-family townhouse on Madison Street offers an exceptional investment opportunity. With a Certificate of Occupancy already in place, this property is fully turnkey and ready to generate income from day one.

Each unit has been meticulously renovated, featuring modern amenities designed for comfortable living, including split-system heating and cooling for year-round comfort, stainless steel appliances for a sleek, contemporary kitchen, and in-unit washers and dryers for added convenience. The renovations have seamlessly blended modern finishes with the timeless charm of this classic Brooklyn townhouse.

Set in one of Brooklyn’s most sought-after neighborhoods, this property is surrounded by popular cafes, restaurants, and shops, all while offering easy access to public transportation. The BedStuy rental market remains robust, ensuring a consistent stream of potential tenants for this five-family residence.

This property is ideal for investors looking to capitalize on Brooklyn’s ever-growing market with minimal hassle and maximum return. Don’t miss out on this rare chance to own in prime BedStuy West!

Location

State NY

County Kings

Interior

Heating Central

Cooling Central Air

Flooring Hardwood

Furnishings Unfurnished

Fireplace No

Appliance Dryer, Dishwasher, Washer

Laundry In Unit, See Remarks

Exterior

Exterior Feature Private Yard

Private Pool No

Building

Lot Description Front Yard

Dwelling Type Townhouse,Triplex

Story 3

New Construction No

Others

Pets Allowed Pets Allowed

Ownership None

Monthly Total Fees $378

Pets Allowed Building No, Cats OK, Dogs OK

REBNY IDX

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+1(917) 809-9210

dexter.phillip@exprealty.com

104 West 40th Street 4th Floor, New York, NY, 10018, USA

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116 Madison Street