BIG updated 3 family building with finished basement in Bushwick, close to subway, with great income
Great opportunity for both investors/owner- occupied alike:
Located in the vibrant neighborhood of Bushwick, bordering Bedford-Stuyvesant, within a short walk to the Gates Subway station, and Saratoga Park. The property is surrounded by numerous bars, restaurants, cafes, art stores, gyms, pharmacies and many other amenities including a post office, and an Organic Fresh Market which recently opened juat around the corner. This BIG 18.75/50 building of about 3,750 Sq Ft, is a legal 3 family house, 3 story high, with an additional finished walk-in basement, and a nice backyard. Each of the top 2 floors contains a 3 bedroom/1.5 bathroom apartment. The first floor contains a 2 bedroom/1.5 bathroom garden apartment that has private access to the backyard and its beautiful deck. With minimal modification, combining the first floor with the walk-in basement can create an attractive 4 bedroom/2.5 bathroom duplex apartment, great for owner occupant or increasing the income. This turn of a century Townhouse retains its classic charm although been updated and in excellent shape. The building has high ceilings with Crown molding, abundant natural light throughout, and exposed brick. Each of the 3 units has 1.5 bathrooms, washer/dryer hookup, quartz countertops, solid wood white Shaker cabinetry, hardwood floors, and stainless-steel appliances including a dishwasher & over-the-stove microwave. Each apartment also has its own separate gas heat & hot water, and electric & gas meters. The walk-in basement is fully finished, and has both an interior & street access, and a second exit to the backyard. The building carries low maintenance cost with low property tax, and is very well maintained, including recently replaced hot water heater & Bosch dishwashers. It will be delivered vacant, and with projected income of about $10,000-12,000 a month, the CAP rate can go above 6%, GREAT for 1031 exchange. Full co-op with all brokers!
Active
Price cut: $6K (8/6)
$1,939,000
964 Madison St, Brooklyn, NY 11221
8beds
3,750sqft
Multi Family
Built in 1901
-- sqft lot
$1,916,900 Zestimate®
$517/sqft
$-- HOA
What's special
Abundant natural lightExposed brickHigh ceilingsCrown moldingHardwood floorsNice backyardQuartz countertops
- 111 days
- on Zillow |
- 233 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: August 05, 2025 at 07:44pm
Listing by:
Massada Home Sales Inc 917-771-1226,
Giyora Tsafrir
Source: StreetEasy,MLS#: S1766009
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Open house
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
- Full bathrooms: 4
- 1/2 bathrooms: 3
Rooms
- Room types: Recreation Room
Appliances
- Included: Dishwasher
- Laundry: Inside
Features
- Flooring: Hardwood
Interior area
- Total structure area: 3,750
- Total interior livable area: 3,750 sqft
Property
Features
- Patio & porch: Other
- Exterior features: Courtyard, Garden
- Has view: Yes
- View description: Garden
Details
- Parcel number: 033660018
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1901
Community & HOA
Community
- Subdivision: Bushwick
HOA
- Has HOA: Yes
- Amenities included: Laundry
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $517/sqft
- Tax assessed value: $1,354,000
- Annual tax amount: $5,052
- Date on market: 4/17/2025
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