964 Madison Street, Brooklyn, NY 11221
Local realty services provided by:ERA Insite Realty Services



964 Madison Street,Brooklyn, NY 11221
$1,939,000
- 8 Beds
- 7 Baths
- 3,750 sq. ft.
- Townhouse
- Active
Listed by:ephraim pizante
Office:massada realty inc
MLS#:850218
Source:One Key MLS
Price summary
- Price:$1,939,000
- Price per sq. ft.:$517.07
About this home
BIG updated 3 family building with finished basement in Bushwick, close to subway, Delivered Vacant, great income potential!
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 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.
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Home facts
- Year built:1901
- Listing Id #:850218
- Added:122 day(s) ago
- Updated:August 17, 2025 at 06:40 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:7
- Full bathrooms:4
- Half bathrooms:3
- Living area:3,750 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1901
- Building area:3,750 sq. ft.
- Lot area:0.04 Acres
Schools
- High school:Bushwick Leaders High School For Academic Excelle
- Middle school:Is 349 Math, Science & Technology
- Elementary school:Ps 106 Edward Everett Hale
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,939,000
- Price per sq. ft.:$517.07
- Tax amount:$5,050 (2024)
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