$1,990,000
Updated 4 years ago
Sold

958 Madison Street

Bushwick, Brooklyn | Broadway & Bushwick Ave

16 Rooms9 Beds7.5 Baths3,750 Square FeetMulti-Family

$1,990,000
floors / apts3 / 3
Lot Size18'x100'
Built Size18'x50'
ZoneR6
Building TypeLow-Rise
RE Taxes$7,112
Price Per SF
$531

This property was sold for $1,990,000 on 04/04/22.

Outdoor space and views

  • Backyard

Property Description for 958 Madison Street

Wait no longer. This is the turn-key high income producing investment you are looking for. 5% cap rate!

This is a 3 family 18.75 ft X 50 ft house on 18.75 ft X 100 ft lot in Bushwick with impeccable recent renovation.

3 story plus finished basement with separate entrance Lower level.

1st floor : 2 bedroom 1 +1 ½ bathroom and back yard
2nd floor : 3 bedroom 1 +1 ½ bathroom
3rd floor : 3 bedroom 1 +1 ½ bathroom
Cellar floor : finished with washer and dryer for the building

All 3 apartments feature gourmet kitchen with quartz counters and central air. All units are tenant occupied now with legal leases until June 2022.

Set up sheet available upon request.

Listing History for 958 Madison Street

Now
04/04/2022
$1,990,000
Sold and Closed by Wendy Juan
The Agency
02/21/2022
Contract Signed by Wendy Juan
The Agency

Building Details for 958 Madison Street

OwnershipMulti-Family
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

Gates Av
0.17 miles
Halsey St
0.21 miles

Citi Bike

Broadway & Madison St
0.03 miles
Broadway & Hancock St
0.19 miles

Contact Agent

Contact Agent

Wendy Juan
The Agency

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: 75540TH