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594 Madison St |Bedford-Stuyvesant
$1,799,000
Studio
Time on market: 210 days
Taxes/Maintenance: $0
Property type: Rental
Courtesy of The Corcoran Group
594 MADISON ST [Bedford Stuyvesant, Brooklyn, NY] | INVESTMENT OPPORTUNITY!!! Bring your architect, and contractor to execute your vision for this 4-story prewar brownstone currently comprised of 5 total bedrooms and 4 baths, the brownstone is filled with a host of well-preserved prewar details worth preserving. Striking elements include original shutters, classic door and window moldings, banister and spindles, pocket doors, wainscoting, arched doorways, an 8 parlor peer mirror, exposed brick, original mantles and five (5) decorative fireplaces. This handsome 3,420 square foot home, configured as an owners garden/parlor duplex plus 3rd and 4th-floor rental apartments, sits on a beautiful tree-lined block in Bedford Stuyvesant. Located in an Opportunity Zone, good for 1031 Exchange. OWNERS DUPLEX: Classic pocket doors provide entry to the grand parlor level of the spacious owners duplex. Entertain comfortably in the large living room with windows on northern exposure and generous seating areas. A dining area sits adjacent to the sleek, renovated southern-facing eat-in kitchen, modernly appointed for the chef with granite counter tops, stainless steel appliances with a dishwasher, and a storage pantry. The lower level offers 2 sizable, sunny bedrooms as well as 2 full bathrooms and an opportunity to further customize the home to your lifestyle, and taste. Other highlights include a semi-finished basement with fyll-height ceiling, brick archways, washer and dryer, and lovely south-facing, paved backyard. APARTMENT #2: While needing TLC, the 3rd story presents a wonderful floor-through 1 BR/1BA apartment with original architectural details including a decorative fireplace, archway, 5-panel doors, and window/door moldings. A gracious alcove living room with double-closets is separated by an architectural archway that delineates the space. Estimated monthly rent is $2,000/mo. APARTMENT #3: Also, needing TLC this top-floor split 2-bedroom apartment is well-proportioned and bathed in sunlight. Featuring original details such as crown, door and window moldings, pocket doors, and original 4-panel doors. Cook under the stars in the Pullman kitchen with a skylight and storage pantry. Estimated monthly rent is $2,500/mo. Mechanicals are in good condition and include a gas-powered central furnace, forced air heat, and 200-amp electrical service. Great investment opportunity, or own and occupy the home and subsidize your mortgage with excellent monthly rental income! Annual taxes are $4,678/year. If youre an outdoor enthusiast, Saratoga and Von King Parks are waiting for you just in time for the spring/summer seasons. And dont forget about the centralized hub of Bed Stuy, better known as Restoration Plaza. Transportation is minutes away with the J train at Kosciusko or the A/C at Utica. The M/Z lines and B15/B52 buses are also available more
AMENITIES

Pets Allowed
Pre-War Building
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Sale Price
Down Payment
%
Mortgage Payment:
Common Charges & Taxes: $0

Total Monthly Payment:
Mortgage Amount $1,439,200
Term
30 Year Fixed
Rate
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