$1,295,000
Updated 9 years ago
Sold

980 Madison Street

Bushwick, Brooklyn | Broadway & Bushwick Ave

15 Rooms9 Beds3.5 Baths3,752 Square FeetRental Property

$1,295,000
floors / apts4 / 3
Lot Size18'7"x100'
Built Size18'7"x50'
ZoneR6
Building TypeTownhouse
RE Taxes$1,427
Price Per SF
$345

This property was sold for $1,300,000 on 07/31/14.

Building Amenities

  • Voice Intercom
  • Bike Storage

Property Description for 980 Madison Street

> Highly coveted three-family, four story, 18.75x50 townhouse, fully gut renovated 4 years ago and located on a tree-lined block in prime Bushwick. > This adorable blue frame house commands yearly ACTUAL income of $85,140 with a 5.90% CAP RATE. > Units are on a high season rent cycle with room to increase income to current market value. > Units feature spacious layouts, nice light and high ceilings. > Building features common laundry for tenants. > Ideal for an investor or user looking to live for free!! > Ideally located near the J/L trains stop. > All mechanicals upgraded during renovation including electrical, plumbing, boiler and roof. > Email Brooke for set-up and showings.

Building Details for 980 Madison Street

OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

Gates Av
0.19 miles
Halsey St
0.21 miles

Citi Bike

Broadway & Madison St
0.07 miles
Madison St & Evergreen Ave
0.18 miles

Contact Agent

Contact Agent

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 54128TH