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$1,671,667
List price: $1,700,000
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234 Madison Street
Townhouse in Bedford-Stuyvesant • 
building info
studio
List price

$1,700,000

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Key Details
Days on market
281
Last price change
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Estimated payment
$11,298
Taxes
$71
Monthly maintenance
N/A
Description
234 Madison Street is a solar powered house full of character, charm and original details this south-facing, multi-family can be a great home in addition to an investment property. The 3,200 sq ft, 20 ft wide 3 family, 9 room, 4 story townhouse currently provides a rental income of $7410/month. Expenses are $560/month. Large wooden doors greet you as you enter the entry hall of this charming townhouse. On the Parlor floor you enter a bright, one bedroom apartment with a decorative fireplace, large windows and ceilings that contain original molding. Newly renovated full bathroom. Stairs lead you to the top floor with 2 separate studio apartments that have a shared bathroom and two separate kitchens. Bright light and treetops can be seen through the windows and an original fireplace gives it charm. The Garden apartment has a sunny bedroom with a decorative marble fireplace, spacious kitchen and dining space. A door leads you directly to a spacious, enclosed private backyard buttressed by bamboo with a covered 20' x 7' patio and garden shed . The internal staircase takes you to the basement living area with lots of closet space. There is an additional private storage space and a private washer dryer area in the basement as well. Eco friendly and energy efficient with 16 PV solar panels on the roof that offset the electric expenses. Built with sustainable materials, cellulose insulation and floating floors which were installed to reduce noise and heating costs. The building also has a new water heater and furnace. Projected cap rate is 4%. Close to the express A/C and G trains and local eateries and cafes. Contact me to see this unique property.

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History
What it'll cost
Purchase price
$1,700,000
Asking Price: $1,700,000
Term
30 Years
Down Payment
$170,000 (10%)
Min: 10% (170,000)
Rate
8.0 %
Mortgage Amount
$1,530,000
Mortgage Payment
$11,227
Taxes
$71
Estimated Yoreevo rebate
$28,333
Estimated closing cost
$60,000
Total monthly cost $11,298
Buy your dream home with us and get an estimated
$28,333 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Courtesy of Douglas Elliman

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