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$2,551,750
List price: $2,595,000
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318 Madison Street
Townhouse in Bedford-Stuyvesant • 
building info
7bd • 4.5ba • 3,300 ft 2
List price

$2,595,000

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Key Details
Days on market
63
Last price change
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Estimated payment
$17,705
Taxes
$568
Monthly maintenance
N/A
Description
The best of brownstone living, plus rental income! 318 Madison Street was fully renovated in 2017, with additional improvements made since, for a stunning 2000+sqft owner's triplex with exclusive outdoor space, and two gorgeous, income-producing 2-bedroom apartments above. Situated on a charming, tree-lined street in Bedford-Stuyvesant, 318 Madison's 1915 historic charm is on display, while modern luxury lies within. The owner's triplex can be entered up the stoop, through a stunning foyer, and to a parlor entrance. Tall ceilings, parlor windows, and a marble mantle root the home to its history. An open floor plan, chef's kitchen, white oak flooring, new staircase ensconced in glass, and sliding glass doors to the newly finished deck showcase its modern renovations. As do the in-ceiling speaker system, built-in camera system, ADT security system, and 4-zone central air conditioning and heating system. The kitchen is designed with stylish white flat slab cabinetry, Carrera marble backsplash, pot filler, custom fitted two-zone wine cooler and built in Fisher and Paykel and Kitchenaid appliances. Ever rooted to Brooklyn, the countertop is made of reclaimed wood from an oak tree salvaged after Hurricane Sandy. The parlor floor offers a powder room and direct access to a spacious deck newly finished with ultra-durable and low-maintenance composite decking material, with enough room for dining, lounging, grilling, and access to the garden below. The garden level features three generously sized bedrooms and two baths, including a primary suite with two walk-in closets, an ensuite bath, and a wall of sliding glass doors out to the garden. The owners installed custom Shade Store shades throughout the house, including remote controlled shades in the primary suite. The garden features globe lights, a manicured lawn, a pergola with a bonus living space, water feature, and a living wall of greenery. The spacious south-facing yard allows a real grass lawn and light to pour into both levels of the home. The owners also finished the basement with new waterproof flooring, perfect for its use as a play space/media area on one end, an exercise space and laundry room on the other. The mechanicals, including the 4-zone AC and sump pump, are well hidden behind closed doors. The two rental units yield considerable rents with their prewar details, updated baths and kitchens, two spacious bedrooms, new skylights, hardwood flooring, and in-ceiling speakers. 318 Madison St is located across from the Arts and Letters elementary school, and by Tompkins Ave's best establishments, such as Sincerely Tommy, Warude, BK Kettle, Bed Vyne Brew, Corto, Bar Camilo, Chicky's and Herbert Von King Park. It is a brisk and tree-lined commute from 318 Madison to the express A train, with a 25 minute ride to Manhattan.

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Important Stuff
Important Stuff
Washer/Dryer In Unit
Amenities
History
What it'll cost
Purchase price
$2,595,000
Asking Price: $2,595,000
Term
30 Years
Down Payment
$259,000 (10%)
Min: 10% (259,000)
Rate
8.0 %
Mortgage Amount
$2,335,500
Mortgage Payment
$17,137
Taxes
$568
Estimated Yoreevo rebate
$43,250
Estimated closing cost
$95,000
Total monthly cost $17,705
Buy your dream home with us and get an estimated
$43,250 rebate.
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