$3,550,000
Updated 2 years ago
Off Market

116 Madison Street

Bedford Stuyvesant, Brooklyn | Franklin Ave & Bedford Ave

12 Rooms8 Beds5 Baths2,280 Square FeetMulti-Family

$3,550,000
floors / apts4 / 5
Lot Size20'x100'
Built Size20'x38'
ZoneR6B
Building TypeTownhouse
RE Taxes$4,536
Price Per SF
$1,557

Outdoor space and views

  • Backyard
  • Balcony

Building Amenities

  • Voice Intercom

Property Description for 116 Madison Street

Prime Investment Opportunity in BedStuy West – 5-Family Townhouse on Madison Street Located in the highly desirable BedStuy West, this newly renovated five-family townhouse on Madison Street offers an exceptional investment opportunity. With a Certificate of Occupancy already in place, this property is fully turnkey and ready to generate income from day one. Each unit has been meticulously renovated, featuring modern amenities designed for comfortable living, including split-system heating and cooling for year-round comfort, stainless steel appliances for a sleek, contemporary kitchen, and in-unit washers and dryers for added convenience. The renovations have seamlessly blended modern finishes with the timeless charm of this classic Brooklyn townhouse. Set in one of Brooklyn’s most sought-after neighborhoods, this property is surrounded by popular cafes, restaurants, and shops, all while offering easy access to public transportation. The BedStuy rental market remains robust, ensuring a consistent stream of potential tenants for this five-family residence. This property is ideal for investors looking to capitalize on Brooklyn’s ever-growing market with minimal hassle and maximum return. Don’t miss out on this rare chance to own in prime BedStuy West!

Listing History for 116 Madison Street

Now
02/06/2025
New Agency by Sara Golan
Serhant LLC
02/06/2025
Back on the Market by Sara Golan
Serhant LLC

Building Details for 116 Madison Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/5
Learn More About the Building

Transit and Citi Bike

Subway

Franklin Av
0.22 miles
Nostrand Av
0.34 miles
Bedford-Nostrand Avs
0.39 miles
Classon Av
0.44 miles

Citi Bike

Monroe St & Bedford Ave
0.08 miles
Hancock St & Bedford Ave
0.14 miles

Contact Agents

Contact Agents

Licensed As
Albert Maximilian Rossmeier
Salesperson
License#:
10401378669
Company:
Compass

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: 86301TH