964 Madison St Brooklyn, NY 11221
Bushwick NeighborhoodEstimated payment $11,557/month
Total Views
3,815
8
Beds
7
Baths
3,750
Sq Ft
$533
Price per Sq Ft
Highlights
- Colonial Architecture
- 3-minute walk to Gates Avenue
- 3 Fireplaces
- Wood Flooring
- Main Floor Bedroom
- High Ceiling
About This Home
BIG updated 3 family building with finished basement in Bushwick, close to subway, with great income
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 of the 3 units has 1.5 bathrooms, washer/dryer hookup, quartz countertops, solid wood white Shaker cabinetry, hardwood floors, and stainless-steel appliances including a dishwasher & over-the-stove microwave. 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, keeping the wonderful long-term tenants happy, with very few turnovers. The current income from the 3 units is $9,500 a month, but easily can go up to $11,000-12,000, bringing the CAP rate from 5.79% up to 6.75%.
Open House Schedule
-
Sunday, April 27, 202511:00 am to 1:00 pm4/27/2025 11:00:00 AM +00:004/27/2025 1:00:00 PM +00:00Add to Calendar
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $5,050
Year Built
- Built in 1901
Lot Details
- 1,688 Sq Ft Lot
- Back and Front Yard Fenced
Home Design
- Colonial Architecture
- Frame Construction
Interior Spaces
- 3,750 Sq Ft Home
- 3-Story Property
- Crown Molding
- High Ceiling
- Recessed Lighting
- 3 Fireplaces
- Decorative Fireplace
- Double Pane Windows
- Storage
- Washer and Dryer Hookup
- Wood Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Gas Oven
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
Bedrooms and Bathrooms
- 8 Bedrooms
- Main Floor Bedroom
Schools
- Contact Agent Elementary And Middle School
- Contact Agent High School
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 03366-0018
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,050 | $81,240 | $11,580 | $69,660 |
| 2023 | $4,817 | $80,580 | $11,580 | $69,000 |
| 2022 | $4,735 | $65,940 | $11,580 | $54,360 |
| 2021 | $4,954 | $53,880 | $11,580 | $42,300 |
| 2020 | $2,323 | $72,240 | $11,580 | $60,660 |
| 2019 | $4,383 | $72,240 | $11,580 | $60,660 |
| 2018 | $4,135 | $19,767 | $2,820 | $16,947 |
| 2016 | $3,922 | $19,617 | $5,710 | $13,907 |
| 2015 | $2,249 | $18,507 | $5,538 | $12,969 |
| 2014 | $2,249 | $17,461 | $6,275 | $11,186 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | For Sale | $1,999,000 | -- | $533 / Sq Ft |
Source: OneKey® MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $630,000 | -- | |
| Deed | $285,000 | -- | |
| Deed | $325,000 | -- | |
| Foreclosure Deed | -- | -- | |
| Deed | $215,000 | -- | |
| Deed | $45,000 | Chicago Title Insurance Co | |
| Deed | $5,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Unknown | |
| Open | $618,080 | New Conventional | |
| Previous Owner | $320,000 | No Value Available | |
| Previous Owner | $212,650 | FHA |
Source: Public Records
Similar Home in Brooklyn, NY
Source: OneKey® MLS
MLS Number: 850218
APN: 03366-0018
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