NYC Townhouses: Bedford Stuyvesant 6 Bedroom Townhouse for Sale

 

6-Bedroom Townhouse For Sale in Bedford Stuyvesant

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Description

405 Madison Street is a fantastic investment opportunity. This meticulously renovated and restored, turn-key legal 4-family brownstone is located in the heart of prime Bed-Stuy on a beautiful tree-lined block. With many original details preserved throughout, this 4 story 19 ft X 45 ft townhouse has an impressive 3240 square feet. All units have gorgeous kitchens renovated with quartz countertops, stainless steel appliances and custom cabinetry. The hardwood flooring throughout has been completely restored along with the crown molding, doors, and exposed brick walls. Building offers new electrical, all new plumbing, and new gas risers. All windows have been replaced with new energy efficient windows. Basement and mechanicals are in pristine condition with coined washer/dryer for all tenants. All units are fair market rentals. With a rent roll of $133,740 annually and very low expenses, 405 Madison Street is a 4.7% cap with plenty of room for upside. Each unit is separately metered for gas and electric with tenants paying their own utilities. Currently set up as a 1 bedroom with garden, 1 bedroom/1bathroom, 2 bedroom/1 bath and 2 bedroom/1 bath. Building can be delivered fully occupied or with one unit vacant if desired. 405 Madison Street is walking distance to the neighborhood's best bars and restaurants including Saraghina, Peaches, Bar L'unAtico, Beso, Eugene & Co, Casablanca, Nana Ramen & Chez Oskar. Transportation is very accessible with easy access to the A/C trains, B25/B26/B43 bus lines and the LIRR. Please reach out for a complete set up.

RLS Rebny This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
©2017 REBNY Listing Service, Inc. All rights reserved.

Amenities

  • Laundry
  • Storage
 

Courtesy of compass

Essentials

ID #: 698935
Price: $2,400,000
 
Location: 405 Madison Street
Property Type: Townhouse
Bedrooms: 6 BD
Bathrooms: 4 BT
Approx. Size: 3,420 SqFt
Taxes: $323
Pet Policy: Unknown
 

Amenities

  • Laundry
  • Storage
 

Courtesy of compass
 

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Contact Agent

Gil Nezry
Gil Nezry
Licensed RE Sales Person
gilyny@eandgrealtygroup.com
P: 646.435.0544
C: 917.628.7749
 
 
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