Price Reduced 1.59%
Listing courtesy of Serhant LLC
Price History
$3,450,000
2/6/2025
$3,395,000
3/21/2025
116 Madison Street, Brooklyn, (Bedford Stuyvesant), NY, 11216
9 rooms
1910
116 Madison Street, #TH
Perfect for a 1031 Exchange property - 6.5 % Cap Rate
Rare 5-Unit Investment Property Nestled Between Clinton Hill and Bed-Stuy
Opportunity awaits with this gut-renovated multi-family townhome boasting 5 modern, apartments and a private backyard.
116 Madison Street offers steady income-generating potential and is equally suited as a live-and-rent or whole-home investment property.
A modern stucco fa ade gives way to pristine interiors marked by beautiful hardwood floors, open-plan layouts, airy ceilings, tall sash windows, recessed lighting, in-unit washers and dryers, and central A/C.
Contemporary kitchens are adorned with sleek stone countertops, white subway tile backsplashes, custom cabinetry, matte black faucets, warm wood accents, and stainless steel appliances. Bathrooms feature floating vanities, stone tile walls and floors, and matte black fixtures.
UNIT 1 is a 2-bedroom, 1-bathroom duplex with an eat-in peninsula, backyard access, and a sprawling recreation space perfect for use as a home office, gym, crafts area, playroom, and more.
UNIT 2 is a 2-bedroom, 1-bathroom floor-though home with a balcony overlooking the backyard.
UNITS 3 and 4 are sun-splashed 1-bathroom studios with single-line kitchens.
UNIT 5 is a 2-bedroom, 1-bathroom floor-through penthouse with incredible light.
116 Madison Street sits on a pretty tree-lined street just off Bedford Avenue. There are dozens of exciting restaurants, bars, cafes, and shops nearby, including Place des Fetes, Clementine Bakery, Do or Dive, Ursula, Hart's, Artshack, Fan Fan Doughnuts, and The Franklin, among many others.
Accessible subway lines include the A, C, and G, allowing for simple commutes to Manhattan, North Brooklyn, and Long Island City.
Status:
Active
Town:
Brooklyn
Type:
Multi-family
Zoning:
R6B
Building Type:
Townhouse
Cooling:
Unknown Type
Levels:
4
Building Access:
Walk-up
Service Level:
Voice Intercom
Built Size:
20'x38'
OLR #:
RPLU1032523343958
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