$2,100,000 $2,499,999
Updated a month ago
Bedford Stuyvesant, Brooklyn | Putnam Ave & Madison Street
6 Beds2 BathsIncome Property

$2,100,000 $2,499,999
floors / apts3 / 2
Building TypeLow-Rise
RE Taxes$2,972

Building Amenities

  • Voice Intercom

Property Description

***Motivated seller*** Beautiful corner property, that is second to none. Located minutes from the A & C train line.
383 Nostrand Ave, also known as, 216 Madison Street has 2 huge residential units. Each unit containing 3 large bedrooms with 10ft ceilings. Location is key! Time is now to build your portfolio with this building and take advantage of the incredible low interests rates. Motivated seller

Listing History

Now
10/31/2019
$2,100,000 [-$399,999] [16%]
Price Drop by Clayon Townsend
Oxford Property Group
08/27/2019
$2,499,999
Initial Price by Clayon Townsend
Oxford Property Group

Building Details

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Nostrand Av
0.29 miles
Bedford-Nostrand Avs
0.38 miles
Franklin Av
0.4 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.45 miles

Citi Bike

Putnam Ave & Nostrand Ave
0.05 miles
Monroe St & Bedford Ave
0.19 miles
5
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Bedford Stuyvesant | Brooklyn

Quick Profile

Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood. 

Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue. 

At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces. 

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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: 77074TH