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116 Madison Street
Bedford-Stuyvesant, New York
$3,450,000 Price
8 Bedrooms   5.0 Baths
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116 Madison Street, Bedford-Stuyvesant, New York

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, #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 façade 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.  

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Bedford-Stuyvesant, New York
Type: Townhouse
Price: $3,450,000
Re Tax: $4,536
Date Listed: 2/6/2025
Last Updated: 2/14/2025
Web ID: 1104365726

Info & Amenities

Type: Townhouse
Rooms: 9.0
Bedrooms: 8
Bathrooms: 5.0
Washer and dryer: Yes
Built: 1910
Pets allowed: Yes

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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