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!
Property Details
Property Features
Property Information:
Architectural Style: Walk-Up
Year Built: 1910
Living Area: 2,280 SqFt
Listing Office:
Office Name: Compass
Office Phone: (212) 913-9058
Listing Agent: Harvey Brdys
Agent Phone: (312) 918-3908
Interior Features
Interior Information:
Appliances: Dryer, Dishwasher, Washer
Flooring Type: Hardwood
Bedroom and Bathroom Information:
Full Bathrooms: 5
Total Bedroom Count: 8
Exterior Features
Exterior Information:
Exterior: Private Yard
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot: Front Yard
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Price Information
Listing Price Info
Price Summary:
List Price: $3,550,000
Price Per SqFt: $1,557/SqFt
HOA Fees:
Amount: $0
Frequency: Monthly
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Housing Market Comparison
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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe 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. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 11/16/2024, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
P.S. 3 The Bedford VillageSchool
50 Jefferson Ave
Distance between this listing and this school0.12 miles
Public District Grades KG-5
5
/10
P.S. 56 Lewis H. Latimer School
170 Gates Ave
Distance between this listing and this school0.32 miles
Public District Grades KG-6
4
/10
P.S. 256 Benjamin Banneker School
114 Kosciuszko St
Distance between this listing and this school0.53 miles
Public District Grades KG-6
Nearby Schools
3
/10
Urban Assembly Unison School (The)
170 Gates Ave
Distance between this listing and this school0.32 miles
Public District Grades 6-8
8
/10
Brooklyn East Collegiate Charter School
832 Marcy Ave Fl AVE-1st
Distance between this listing and this school0.36 miles
Public Charter Grades 6-8
6
/10
Academy of Arts and Letters
344 Monroe St
Distance between this listing and this school0.50 miles
Public District Grades PK-8
Nearby Schools
8
/10
Bedford Academy High School
1119 Bedford Ave
Distance between this listing and this school0.10 miles
Public District Grades 9-12
2
/10
Brooklyn Academy High School
832 Marcy Ave
Distance between this listing and this school0.41 miles
Public District Grades 10-12
6
/10
Leadership Preparatory Bedford Stuyvesant Charter School
141 Macon St Fl ST-1st
Distance between this listing and this school0.51 miles
The neighbors living near this home have an average income of $58,234. The most common annual income of people living in New York, NY is between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 116 Madison St
What is the listing price of this property?
The listing price of 116 Madison St property is $3,550,000.
What type of property is this?
The property 116 Madison St is a townhouse located in New York City, New York, 11216.
Is this property for sale now?
Active Listing: 116 Madison St is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 116 Madison St has 8 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 116 Madison St is 2,280 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 116 Madison St is 1910.
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This home is located at 116 Madison St in New York City, NY and zip code 11216 in the Bedford neighborhood. This 2,280 square foot home was built in 1910. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $3,550,000.
New York, NY housing market in October 2024 saw over 269 listings sold above listed price, more than 850 sold at listed price and over 833 sold below. Between September 2024 and October 2024, New York, NY real estate market has seen increase in the number of listings by 1.8%. While the average time on the market in October 2024 was 84 days, the median list price was $856,124.
From Rocket Homes Real Estate and based on county public records data.
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