Updated 5 years ago
Off Market
904 Madison Street
Bedford Stuyvesant, Brooklyn | Ralph Ave & Howard Ave
21 Rooms6 Beds6 Baths2,900 Square FeetIncome Property
$1,300,000
floors / apts3 / 6
Lot Size20'x100'
Built Size20'x40'
ZoneR6B
Building TypeTownhouse
RE Taxes$7,620
Price Per SF
$448
Listing Features
- New Windows
Outdoor space and views
- Backyard
Property Description for 904 Madison Street
A rare Brooklyn investment opportunity with a strong cap rate and low expenses, now is the time to take advantage of interest rates with this 6 unit-building. This strong location is great for renters or an investor looking to redevelop into Condos.
904 Madison Street is a walk-up building in the Bedford Stuyvesant neighborhood of Brooklyn.
• Redevelop into Condos or Renovate and Rent
• 904 Madison Street is a 20 x 40 six-unit apartment building consisting of 2,900 SF across three stories with 1,100 SF unused FAR.
• The building comprises of vacant 4 one-bedroom units and 2 studio apartments.
• The property is located within walking distance to Myrtle Avenue and Broadway retail corridors.
• Multiple transportation options are available with both the J train within two blocks at Broadway station or the M train within close proximity to the Myrtle Avenue station, both providing easy access to Williamsburg and Manhattan.
Building Details for 904 Madison Street
OwnershipIncome Property
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/6
Transit and Citi Bike
Subway
Gates Av
0.13 miles
Halsey St
0.28 miles
Citi Bike
Broadway & Madison St
0.1 miles
Putnam Ave & Ralph Ave
0.12 miles
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.
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: 70648TH
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