6
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Listing Courtesy of Serhant
$3,450,000
Est. payment /mo
8 BD
5 BA
3,500 SqFt
Active
116 MADISON Street Brooklyn, NY 11216
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UPDATED:
02/14/2025 09:04 AM
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $985
Subdivision Bedford-Stuyvesant
MLS Listing ID RLS11033002
Bedrooms 8
HOA Y/N No
Year Built 1910
Annual Tax Amount $4,536
Property Sub-Type Townhouse
Property Description
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 façade 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.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Cooling Other
Fireplace No
Appliance Washer Dryer Allowed
Laundry Washer Hookup, In Unit
Exterior
View Y/N No
View Other
Porch Deck
Private Pool No
Building
Dwelling Type Townhouse
Story 1
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $378
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by Manhattan Miami Real Estate
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