Brooklyn, NY 11216,171 Madison Street #Building
Brooklyn, NY 11216,171 Madison Street #Building
Brooklyn, NY 11216,171 Madison Street #Building
Brooklyn, NY 11216,171 Madison Street #Building
Brooklyn, NY 11216,171 Madison Street #Building
Brooklyn, NY 11216,171 Madison Street #Building
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Listing Courtesy of Compass

$4,100,000

$4,100,000

Est.Price: ?

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Est. payment /mo

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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