$10,000 Closing Credit¹
Listing Office: 5 Boro Realty Corp
#RLS11014720·
Listing Office: Compass·
Listing Agent: Harvey Brdys·
Listing Agent Phone: (312) 918-3908·
Listing Office Phone: (212) 913-9058
116 Madison St New York City, NY 11216
$3,550,000 List price
8 beds
5 full
2,280 sqft
$1,557 / sqft
Townhouse
Property details
About 116 Madison St
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!
Highlights
Home typeTownhouse
HeatingCentral
StatusActive
CoolingCentral Air
Size2,280 sqft
Year built1910
MLS #RLS11014720
Summary
- MLS Number: RLS11014720
- MLS Name: RLS
- Office Name: Compass
- Office Phone: (212) 913-9058
- Office Email: daniel.marrello@compass.com
- Listing Agent: Harvey Brdys
- Agent Phone: (312) 918-3908
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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.
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Last updated on: 1/31/2025, 7:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,550,000
116 Madison St
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Price information
Property sales
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Tax history
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Nearby schools
3
P.S. 3 The Bedford VillageSchool
Public District KG-5
0.1 mi
•50 Jefferson Ave
5
P.S. 56 Lewis H. Latimer School
Public District KG-6
0.3 mi
•170 Gates Ave
4
P.S. 256 Benjamin Banneker School
Public District KG-6
0.5 mi
•114 Kosciuszko St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $58,234. Most New York City, NY residents have annual incomes between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
31%
<35k
51%
35k-100k
12%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
66%
Single, No Kids
13%
Single, with Kids
9%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
4%
12-17 yrs old
41%
18-34 yrs old
34%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Tennis
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Crate & Barrel
Banana Republic
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
BMW
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 116 Madison St
This home is located at 116 Madison St in New York City, NY and zip code 11216 in the Bedford neighborhood. This 2,280 square foot home was built in 1910. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $3,550,000.
Over 215 listings were sold over their listed price in December 2024 in New York City, NY. In the same period over 736 listings were sold below the listed price and 870 listings were sold for the listed price. The inventory of homes for sale in New York City, NY between November and December 2024 decreased by 8.6%. Listings spent 72 days on the market in December 2024, and had a median list price of $853,573 during the same period.
From Rocket Homes Real Estate and based on county public records data.