- Madison Street off Bedford Avenue Bed-Stuy Brooklyn 11216

4 family brownstone off Bedford Ave, a GREAT location!

This property is located on Madison Street off Bedford Avenue in Bedford Stuyvesant close to Clinton Hill, a great location and very attractive for tenants. It is within a short walking distance to the A & C subway lines and the S shuttle line on Franklin, which can take you to the Brooklyn Botanical Gardens & Prospect Park. The house is just a few minutes walk to the popular YMCA Gym with its seeming pool, the Metropolitan City Market on Monroe Street, and many other amenities including plenty of popular restaurants and bars. This legal 4 family brownstone townhouse has a finished basement and a nice backyard and is in a good shape. It is configured as a rental property with a current total income of about $8,700 a month. With some modification and upgrades, the rent can go up 20% higher, or one can reconfigure the building to be used as a 2 family home with a BIG owner's triplex over a rental unit. The annual tax is still very low for a building of its class, which makes it an even better investment.

Lot size: 19/100Building size: 19/40 +28' extension on 2 floors3 story legal 4 family brownstone