1390 Madison Street

Fully Renovated 3-Unit Townhouse For Sale in Bushwick – Excellent Income Producer with High Cap Rate A rare opportunity to own a beautifully renovated 3-family townhouse in the heart of Bushwick, Brooklyn. This turn-key residential building features three spacious and modern apartments, ideal for investors or end-users looking to live in one unit and rent out the others. The first floor features an expansive 2-bedroom apartment with a private backyard, including a 200 sqft deck and a 300 sqft paved patio — a perfect outdoor retreat. The second and third floors each offer large 3-bedroom apartments with open layouts, high ceilings, and an abundance of natural light. The property also includes additional finished space in the basement for added flexibility. All apartments have been tastefully renovated and are in excellent, move-in ready condition. Each unit boasts modern kitchens with stainless steel appliances and dishwashers, stylish bathrooms, split A/C units in every room, hardwood floors, large windows, and high ceilings. Additional features include an intercom system, video surveillance, and a commercial washer/dryer in the basement. The roof was replaced just two years ago, and all building systems have been updated. Zoned R6. All units are currently occupied. Can be delivered vacant. Taxes are $5,087/year. Potential cap rate is over 6%. This is an excellent income-producing asset in a high-demand rental market, offering a high cap rate, strong rental history, and long-term upside potential. Perfect for a 1031 exchange, a long-term hold strategy, or an owner-occupant seeking additional income. Don’t miss your chance to own a high-performing, turn-key property in one of Brooklyn’s most vibrant and rapidly growing neighborhoods.