Updated a year ago
Off Market
116 Madison Street
Bedford Stuyvesant, Brooklyn | Franklin Ave & Bedford Ave
9 Rooms8 Beds5 Baths3,500 Square FeetMulti-Family
$3,395,000
floors / apts4 / 5
Lot Size20'x100'
Built Size20'x38'
ZoneR6B
Building TypeTownhouse
RE Taxes$4,536
Price Per SF
$970
Outdoor space and views
- Backyard
- Balcony
Building Amenities
- Voice Intercom
Property Description for 116 Madison Street
116 Madison Street, #TH
Perfect for a 1031 Exchange property - 6.5 % Cap Rate
Rare 5-Unit Investment Property Nestled Between Clinton Hill and Bed-Stuy
Opportunity awaits with this gut-renovated multi-family townhome boasting 5 modern, apartments and a private backyard.
116 Madison Street offers steady income-generating potential and is equally suited as a live-and-rent or whole-home investment property.
A modern stucco fa ade gives way to pristine interiors marked by beautiful hardwood floors, open-plan layouts, airy ceilings, tall sash windows, recessed lighting, in-unit washers and dryers, and central A/C.
Contemporary kitchens are adorned with sleek stone countertops, white subway tile backsplashes, custom cabinetry, matte black faucets, warm wood accents, and stainless steel appliances. Bathrooms feature floating vanities, stone tile walls and floors, and matte black fixtures.
UNIT 1 is a 2-bedroom, 1-bathroom duplex with an eat-in peninsula, backyard access, and a sprawling recreation space perfect for use as a home office, gym, crafts area, playroom, and more.
UNIT 2 is a 2-bedroom, 1-bathroom floor-though home with a balcony overlooking the backyard.
UNITS 3 and 4 are sun-splashed 1-bathroom studios with single-line kitchens.
UNIT 5 is a 2-bedroom, 1-bathroom floor-through penthouse with incredible light.
116 Madison Street sits on a pretty tree-lined street just off Bedford Avenue. There are dozens of exciting restaurants, bars, cafes, and shops nearby, including Place des Fetes, Clementine Bakery, Do or Dive, Ursula, Hart's, Artshack, Fan Fan Doughnuts, and The Franklin, among many others.
Accessible subway lines include the A, C, and G, allowing for simple commutes to Manhattan, North Brooklyn, and Long Island City.
Listing History for 116 Madison Street
Now
05/23/2025
TOM by Sara Golan
Serhant LLC
03/21/2025
$3,395,000 [-$55,000] [1.6%]
Price Drop 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
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
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
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