116 Madison Street

Bedford-Stuyvesant

$3,550,000
Price
8
Beds
5
Baths
2,280 Sq. Ft.
$1,557 / Sq. Ft.
2,280
Sq. Ft.
$1,557
per Sq. Ft.

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
...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!

Listing Agents

  1. Natalia Harvey

    Natalia Harvey

    Listing Agent

    Compass

  2. David Chang

    David Chang

    Alternative Listing Agent

    Compass

    dchang@compass.com

    P: (914)-420-1985

Amenities

  • Private Yard
  • Hardwood Floors
  • Walk Up
  • Washer / Dryer
  • Washer / Dryer in Unit
  • Central AC
  • Dishwasher
  • Total Renovation
LISTING UPDATED: 10/16/2024 02:02 PM

Property Details for 116 Madison Street

StatusActive
Days on Market13
Taxes$378 / month
Maintenance-
Min. Down Pymt-
Total Rooms12.0
Compass TypeMulti Family
MLS Type-
Year Built1910
Views-
Architectural Style-
Lot Size2,000 SF / 20' x 100'
CountyKings County
Buyer's Agent Compensation0%

Building

116 Madison St

3 Units3 StoriesBuilt in 1910

Building Information for 116 Madison Street

Stories3Residences3Year Built1910Building Size20' x 38'Building Sq. Ft2,280 SFLot Size2,000 SF / 20' x 100'Building Age-Building Type-

Property History for 116 Madison Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 116 Madison Street

Taxable ValueLand$20,340Additions$74,280Total$94,620
Home Facts
Total Finished SqFt2,280 SqFtLot Size2,000 SqFtYear Built1910ZoningR6BAPN3019900028

Schools near 116 Madison Street

This home is within Nyc Geog District #13 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
P.S. 3 The Bedford Village
PublicPK to 5

Urban Assembly Unison School (The)
Public6 to 8

Bedford Academy High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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116 Madison Street is a multi-family home for sale in Bedford-Stuyvesant. This property was listed for sale on October 9, 2024 by Compass, it's currently listed at $3,550,000. It has been on the market for a total of 13 days and was last sold on March 1, 2023. This listing's school district is Nyc Geog District #13 - Brooklyn. Nearby schools include P.S. 3 The Bedford Village, Urban Assembly Unison School (The) and Bedford Academy High School. 116 Madison Street is a 8-bed, 5-bath, 2,280 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.