$3,550,000
- Beds
- 8
- Baths
- 5.0
- sq ft
- 2,280
116 Madison St, Brooklyn, NY 11216
116 Madison St
New York City, NY 11216
- 44 days on market
- Price drop $250,000↓
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!
Details
Property type
Townhouse
Lot size
Unknown
Price per sq ft
$1,558
Year built
1910
Annual property taxes
$4,536
HOA
Yes
Price History
10/16/2024
REBNY #COMP-1683394437322833273
Price change
$3,550,000
-6.58%
10/09/2024
REBNY #COMP-1683394437322833273
Listed
$3,800,000
Schools & Community
Neighborhood:
Bedford Stuyvesant
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 11/22/2024 at 6:15 AM
Listing updated: 10/31/2024 at 3:56 PM
Listed by: Harvey Brdys, Compass Phone #: (212) 913-9058
MLS: REBNY #COMP-1683394437322833273
Recently listed in New York City
$1,100,000|1 bd|2.0 ba|
$718,000|1 bd|1.0 ba|
$1,595,000|2 bd|2.0 ba|
$850,000|2 bd|2.0 ba|
$3,995,000|2 bd|2.0 ba|
$20,000,000|4 bd|5.0 ba|
$2,095,000|2 bd|2.0 ba|
$1,365,000|1 bd|1.0 ba|
$815,000|1 bd|1.0 ba|
$545,000|1 bd|1.0 ba|
Explore top cities in New York