118 Madison Street
118 Madison Street
Exclusive Expired
Exclusive Expired
Description
118 Madison Street is currently a legal two-family brownstone positioned perfectly on the boarder of Clinton Hill and Bed-Stuy. The current owners have plans approved for the construction of a four-unit high end ultra-luxury condominium project. The building you see in the rendering is the finished product and is comprised of a massive penthouse triplex, two huge duplexes and a walk in two-bedroom garden apartment. The total build is 6,000 square feet and the projected sell out is over $7,000,000....
118 Madison Street is currently a legal two-family brownstone positioned perfectly on the boarder of Clinton Hill and Bed-Stuy. The current owners have plans approved for the construction of a four-unit high end ultra-luxury condominium project. The building you see in the rendering is the finished product and is comprised of a massive penthouse triplex, two huge duplexes and a walk in two-bedroom garden apartment. The total build is 6,000 square feet and the projected sell out is over $7,000,000. This building is being sold as is with all plans and filings that have been done already. The owners are also open to a Joint Venture, recent comparable sales for condos in the neighborhood are upwards of $1,200 a square foot. This could also be developed and held to collect rent for as long as you see fit, we believe a finished product could pull in over $20,000 a month in rent. Buy it now, develop and hold it and if you so choose later on convert it to condos and sell them. This is a great opportunity for the right developer and will pay dividends as time goes on. This is an excellent location on the boarder of two of Brooklyn's most popular neighborhoods.
Amenities
- Gym
- Walk Up
- Lowrise
Location
Property Details for 118 Madison Street
| Status | Exclusive Expired |
|---|---|
| Days on Market | 49 |
| Taxes | $340 / month |
| Maintenance | - |
| Min. Down Pymt | 25% |
| Total Rooms | 12.0 |
| Compass Type | Townhouse |
| MLS Type | Single Family |
| Year Built | 1901 |
| Lot Size | 2,000 SF / 20' x 100' |
| County | Kings County |
Building
118 Madison St
Location
Building Information for 118 Madison Street
Payment Calculator
$13,642 per month
30 year fixed, 7.25% Interest
$13,302
$340
$0
Property History for 118 Madison Street
| Date | Event & Source | Price | Appreciation | Link |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 118 Madison Street
Schools near 118 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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