$4,100,000
$4,100,000
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8 Beds
8 Baths
4,400 SqFt
SOLD DATE : 08/21/2023
Key Details
Sold Price $4,100,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $931
Subdivision Bedford Stuyvesant
MLS Listing ID OLRS-0089134
Sold Date 08/21/23
Bedrooms 8
Full Baths 7
Half Baths 1
HOA Y/N No
Year Built 2021
Property Description
171 Madison St is a newly constructed building with four (4) floor-through two-bedroom residences across four stories tall and encompasses approximately 4,400 gross square feet with a frontage of 22' and 100' deep and has a finished roof deck and basement.
The building is fully tenant-occupied and has a gross income of $216,000 with a cap rate of 4.65% after expenses. The apartments are well-appointed with high-end, condo-quality finishes and individual utilities.
The apartments are designed to feel spacious and comfortable with plenty of light and air. The upper units have two balconies, while the first and second-floor apartments have private backyards. The custom kitchens feature integrated Fisher and Paykel appliances, wine cooler, Vigo fixtures, and matte gray soft close cabinets. The bathrooms feature marble tiles, Brizo fixtures, and medicine cabinets with integrated LED lighting.
Each residence also has a washer and dryer, central heating and cooling, Bluetooth keyless smart locks, and built-in Bluetooth speakers in every room.
171 Madison St is on the cusp of Clinton Hill and Bedford-Stuyvesant on a beautiful block between Bedford and Nostrand Aves and within minutes to some of the neighborhood's hot spots including Speedy Romeo, Hart's, Chilo's, Fan Fan Doughnuts, Do or Dive, Clementine Bakery, as well as countless local shops and boutiques.
Location
State NY
County Kings
Zoning R6B
Building Detail https://www.elegran.com/nyc/buildings/171-madison-st?listingId=1153902815&sold-listing=true
Interior
Fireplace No
Exterior
Exterior Feature Balcony, Building Roof Deck, Garden
Porch Building Patio, Patio, Balcony
Private Pool No
Building
Story 4
Others
Pets Allowed Pets Allowed
Pets Allowed Building Yes, Yes
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RLS Data display by Elegran | Forbes Global Properties