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1042 Madison Street
Townhouse in Bushwick •  building info
5bd • 2ba • 1,980ft² $596 per ft²
Sold price

$1,180,000

Key Details
Days on market
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Last price change
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Estimated payment
$6,735/mo
Taxes
$196/mo
Maintenance
N/A
Description
Your next home or investment opportunity awaits dont miss this golden chance! This exceptional 5-bedroom, 2-bathroom configured as a 2-family home, strategically positioned near the J and Z subway lines as well as the B60 and Q24 bus routes, offers versatile options for both homeowners and developers seeking investment opportunities. Situated on a quiet, tree-lined block, this beautiful multi-family is nestled on a 25 ft x 100 ft lot and building features a newly finished basement. Entire home will be delivered vacant. For Homebuyers: Step inside and discover a spacious, sunlit interior thats perfect for creating lasting memories. Enjoy thoughtful features, including skylights in the second-floor hallway and bathroom, flooding these spaces with natural radiance. For outdoor enthusiasts, the expansive cemented yard and pavers offer the perfect setting for leisure and recreation. The home also features wood burning fireplaces and hardwood floors. Whether you choose to occupy one unit and rent out the other, or if youre looking for space for extended family, this property offers versatile living options. The roof has been replaced just five years ago, ensuring durability and peace of mind for years to come. For Developers: This property is not only a perfect home but also an excellent investment opportunity. The R6 zoning and spacious lot provide potential for expansion or redevelopment projects. Whether youre interested in renovating and enhancing the existing structure or exploring new development possibilities, this property offers promising potential for a profitable venture with over 4000+ unused FAR to tap into. This residence has an allowed usable floor area of 6,073 and FAR as built 0.79. Inquire today for additional information, and make this 2-family property your next home or investment. Act now and schedule a private showing with a 48-hour notice. Your future home or development opportunity awaits!

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Important Stuff
Pets allowed
Home features
Dishwasher
Fireplace
Hardwood floors
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Garden, Park

Building amenities
Services and facilities
Laundry in Building
Shared outdoor space
Garden
Building info

History
What it'll cost
Purchase price
$1,180,000
Asking Price: $1,180,000
Term
30 Years
Down Payment
$118,000 (10%)
Min: 10% (118,000)
Rate
6.25 %
Mortgage Amount
$1,062,000
Mortgage Payment
$6,539
Taxes
$196
Estimated closing cost
$44,000
Total monthly cost $6,735
Listing Courtesy of Nest Seekers

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