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$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

REBNY #COMP-1683394437322833273

Price change
$3,550,000
-6.58%
10/09/2024
REBNY

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

REBNY logo