202 Madison St,  Brooklyn NY, 11216

(Active)
$2,195,000
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MLS# OLRS-0073506
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Last Updated: 9/18/2018 12:35 PM
Description for 202 Madison St Brooklyn, NY 11216
I202 Madison is a fully occupied three family building in Bedford Stuyvesant, Brooklyn with an incredible 4.5% cap rate . Each unit is completely renovated with condo finishes and occupied with leases ending in 2019.The top floor unit is a 2 bedroom / 1 bathroom with a washer / dryer & dishwasher. Currently tenant occupied with lease ending July 2019. Unit is priced slightly under market at $2,150 and can command an additional $200 per month.The middle unit is also a 2 bedroom / 1 bathroom with a washer / dryer & dishwasher. Tenant occupied with lease ending June 2019. Unit is currently priced at rate of $2,350. The owner's triplex is a 2 bedroom 2 1/2 bathroom with open layout and chef's kitchen. Basement is fully finished with an additional media room. A huge finished back yard is the cherry in top. Currently tenant occupied with lease ending September 2019. Unit is priced at $ 4,400 and can command an additional $200 per month.Transportation to the building is exceptional, with the express A train only 8 blocks away and the G train only 7 blocks away. Madison Street is a beautiful tree lined street with ample street parking, and two super markets with-in a 2 block radius. This property generates $106,800 a year and is ideal for a 1031 exchange or an investor looking for hassle free passive income. Call today to schedule an appointment !
Price
$2,195,000
Bedford Stuyvesant
Kings
OLRS-0073506
Active
Description
I202 Madison is a fully occupied three family building in Bedford Stuyvesant, Brooklyn with an incredible 4.5% cap rate . Each unit is completely renovated with condo finishes and occupied with leases ending in 2019.The top floor unit is a 2 bedroom / 1 bathroom with a washer / dryer & dishwasher. Currently tenant occupied with lease ending July 2019. Unit is priced slightly under market at $2,150 and can command an additional $200 per month.The middle unit is also a 2 bedroom / 1 bathroom with a washer / dryer & dishwasher. Tenant occupied with lease ending June 2019. Unit is currently priced at rate of $2,350. The owner's triplex is a 2 bedroom 2 1/2 bathroom with open layout and chef's kitchen. Basement is fully finished with an additional media room. A huge finished back yard is the cherry in top. Currently tenant occupied with lease ending September 2019. Unit is priced at $ 4,400 and can command an additional $200 per month.Transportation to the building is exceptional, with the express A train only 8 blocks away and the G train only 7 blocks away. Madison Street is a beautiful tree lined street with ample street parking, and two super markets with-in a 2 block radius. This property generates $106,800 a year and is ideal for a 1031 exchange or an investor looking for hassle free passive income. Call today to schedule an appointment !
Listing Information
Property Type: Multi-Family, Other
8 1910
Bedford Stuyvesant
Neighborhood
Room Information
Interior Features
3
Exterior / Lot Features
20.00 X 100.00
Listing Price History

Brooklyn Real Estate

Brooklyn is located in New York. Brooklyn, New York 11216 has a population of 8,550,405.

The median household income in Brooklyn, New York 11216 is $52,737. The median household income for the surrounding county is $46,958 compared to the national median of $53,482. The median age of people living in Brooklyn 11216 is 35.7 years.

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This content last refreshed on 9/18/2018 12:35 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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