Active
116 Madison Street
Brooklyn NY, 11216
$3,550,000
$1,557.02 per sqft
Active
8 Beds
5 Baths
2,280 sqft
Townhomes
Built in 1910
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!
COMP-1683394437322833273
MLSⓇ ID
October 9, 2024
Listed
October 18, 2024
Updated
Map
116 Madison Street
Brooklyn NY, 11216
Interior Features
Total Stories
3
Bedrooms
8
Total Bathrooms
5
Full Bathrooms
5
Appliances
Dryer, Dishwasher, Washer
Laundry Description
In Unit, See Remarks
Floor Description
Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Exterior Features
Private Yard
Lot Features
Front Yard
Architectual Style
Walk-Up
Other Property Details
Taxes
$4,536
Tax Frequency
Annually
HOA Frequency
Monthly
Garage
No
View
No
County
Kings
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/16/2024 | Price change | $3,550,000 -7% |
Listed by Harvey Brdys with Compass
Listing Contact: (312) 918-3908
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved
Data last updated on 10/18/2024 at 8:47 PM UTC