171 Madison Street
Description
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...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.
Amenities
- Primary Ensuite
- Balcony
- Private Patio
- Private Yard
- Common Roof Deck
- Sound System
- Hardwood Floors
- High Ceilings
Property Details for 171 Madison Street
| Status | Sold |
|---|---|
| Days on Market | 33 |
| Taxes | $1,049 / month |
| Maintenance | - |
| Min. Down Pymt | 10% |
| Total Rooms | 18.0 |
| Compass Type | Townhouse |
| MLS Type | House/Building |
| Year Built | 2021 |
| Lot Size | 2,200 SF / 22' x 100' |
| County | Kings County |
| Buyer's Agent Compensation | 2.5% |
Building
171 Madison St
Location
Building Information for 171 Madison Street
Payment Calculator
$22,981 per month
30 year fixed, 6.15% Interest
$21,932
$1,049
$0
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1Property History for 171 Madison Street
| Date | Event & Source | Price |
|---|---|---|
| 08/21/2023 | Sold Manual | $4,100,000 |
| 08/15/2023 | $4,000,000 +21.9% / yr | |
| 01/16/2023 | Contract Signed Manual | — |
| 01/13/2023 | Listed (Active) Manual | $4,100,000 |
| 01/13/2023 | Temporarily Off Market Manual | — |
| 12/13/2022 | Listed (Active) Manual | $4,100,000 |
| 12/27/2018 | $1,600,000 +5.9% / yr | |
| 10/06/2018 | Permanently Off Market Manual | $1,775,000 |
| 06/30/2018 | Temporarily Off Market ONEKEY #3036679 | $1,775,000 |
| 06/05/2018 | Listed (Active) ONEKEY #3036679 | $1,775,000 |
| 05/31/2018 | Listed (Active) Manual | $1,775,000 |
| 10/11/2005 | $749,000 +170.4% / yr | |
| 01/27/2005 | $372,000 | |
| 01/14/2005 | $305,000 -40.1% / yr | |
| 07/22/2004 | $390,454 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 171 Madison Street
Schools near 171 Madison Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 10 to 12 |
Rating | School | Distance |
|---|---|---|
P.S. 3 The Bedford Village PublicPK to 5 | ||
Urban Assembly Unison School (The) Public6 to 8 | ||
Bedford Academy High School Public9 to 12 | ||
Brooklyn Academy High School Public10 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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