$4,100,000
Updated 4 years ago
Off Market

171 Madison Street

Bedford Stuyvesant, Brooklyn | Nostrand Ave & Bedford Ave

18 Rooms8 Beds7.5 Baths4,400 Square FeetMulti-Family

$4,100,000
floors / apts4 / 4
Lot Size22'x100'
Built Size22'x36'
ZoneR6B
Building TypeLow-Rise
RE Taxes$12,504
Price Per SF
$932

Outdoor space and views

  • Backyard
  • Balcony
  • Garden
  • Patio

Building Amenities

  • Video Intercom
  • Roof Deck

Property Description for 171 Madison Street

171 Madison St is a newly constructed building with four (4) floor-through two-bedroom residences across four stories tall and encompasses approximately 4,400 gross square feet with a frontage of 22' and 100' deep and has a finished roof deck and basement. The building is fully tenant-occupied and has a gross income of $216,000 with a cap rate of 4.65% after expenses. The apartments are well-appointed with high-end, condo-quality finishes and individual utilities. The apartments are designed to feel spacious and comfortable with plenty of light and air. The upper units have two balconies, while the first and second-floor apartments have private backyards. The custom kitchens feature integrated Fisher and Paykel appliances, wine cooler, Vigo fixtures, and matte gray soft close cabinets. The bathrooms feature marble tiles, Brizo fixtures, and medicine cabinets with integrated LED lighting. Each residence also has a washer and dryer, central heating and cooling, Bluetooth keyless smart locks, and built-in Bluetooth speakers in every room. 171 Madison St is on the cusp of Clinton Hill and Bedford-Stuyvesant on a beautiful block between Bedford and Nostrand Aves and within minutes to some of the neighborhood's hot spots including Speedy Romeo, Hart's, Chilo's, Fan Fan Doughnuts, Do or Dive, Clementine Bakery, as well as countless local shops and boutiques.

Building Details for 171 Madison Street

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVideo Intercom
AgePost-War
AccessWalk-up
Year Built2021
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Nostrand Av
0.31 miles
Franklin Av
0.33 miles
Bedford-Nostrand Avs
0.35 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.48 miles

Citi Bike

Monroe St & Bedford Ave
0.09 miles
Putnam Ave & Nostrand Ave
0.14 miles

Contact Agent

Contact Agent

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: 89134TH