Sold

171 Madison Street

Brooklyn NY, 11216

$4,100,000


$931.82 per sqft

Sold

8 Beds

7.5 Baths

4,400 sqft

Multi-family

Built in 2021

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.

OLRS-0089134

MLS ID

December 13, 2022

Listed

March 27, 2024

Updated

Map

171 Madison Street
Brooklyn NY, 11216

Interior Features

Total Stories

4


Bedrooms

8 Beds


Bathrooms

7.5 Baths


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Exterior Features

Balcony, Building Roof Deck, Garden

Other Property Details

Garage

No


View

No


County

Kings


Pool

No


Zoning

R6B


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

8/21/2023

Sold

$4,100,000

Courtesy of Compass with Natalia Correa,
Listing Contact: (646) 770-5583 

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.

©2024 The Real Estate Board of New York, Inc., All rights reserved

Data last updated 11:36 PM UTC, 3/27/2024

 

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