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Spacious Three-Family Residence in Brooklyn

241A MADISON St, Brooklyn, NY 11216

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For Sale

$2,600,000

Modern three-family townhouse in Bedford-Stuyvesant with income potential.

Type:Multi Family

Property size:

4,000 SF

Lot size:

0.05 Acres

Price / SF:

$650/SF

We can help!

Contact an agent

Sahar Ziv

Real Estate License ID: 10301213890

HighLights

High Income Potential: Generates approximately $170,000 annually.
Versatile Three‑Family Residence: Suitable for owner‑occupants or pure investment.
Modern Construction: Built in 2012, offering contemporary features and design.
Spacious Layout: Over 4,000 square feet with three distinct homes.
Desirable Location: Situated on a tree‑lined brownstone block in Bedford‑Stuyvesant, near the A and C trains.
Multiple Outdoor Spaces: Includes a private roof deck and a private backyard.

Learn more

For Sale

$2,600,000

Modern three-family townhouse in Bedford-Stuyvesant with income potential.

Type:Multi Family

Property size:

4,000 SF

Lot size:

0.05 Acres

Price / SF:

$650/SF

Added:: Mar 10, 2026
Days on Market:: 119
Last Refresh:: Jul 5 at 12:54 pm

Property Features for 241A MADISON St

General Information

Standard status: Active
Size: 4,000 SF
Lot size: 0.05 Acres
Property subtype: Multi Family

Building Details

Year Built: 2010

We can help!

Contact an agent

Sahar Ziv

Listing office

Listing date Mar 10, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Sahar Ziv

HighLights

High Income Potential: Generates approximately $170,000 annually.
Versatile Three‑Family Residence: Suitable for owner‑occupants or pure investment.
Modern Construction: Built in 2012, offering contemporary features and design.
Spacious Layout: Over 4,000 square feet with three distinct homes.
Desirable Location: Situated on a tree‑lined brownstone block in Bedford‑Stuyvesant, near the A and C trains.
Multiple Outdoor Spaces: Includes a private roof deck and a private backyard.

Overview

Located on a tree-lined brownstone block in Bedford-Stuyvesant, 241A Madison Street is a three-family residence constructed in 2012. This 20-foot-wide townhouse offers over 4,000 square feet of living space on a 50-foot-deep lot. The property features three distinct homes: an owner's duplex with three bedrooms and two bathrooms, including private access to a rooftop retreat; a full-floor residence with two bedrooms and two bathrooms, designed with an efficient layout and abundant natural light; and a garden duplex with three bedrooms and 2.5 bathrooms, providing direct access to a private backyard. This configuration makes the property suitable for either an owner-occupant seeking income from two rental units or as an investment opportunity. The property can generate approximately $170,000 annually. The residence is located near the A and C trains at Nostrand Avenue.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$204.0k	$51.00
− Vacancy	−$3.9k	−$0.97
EGI	$200.1k	$50.03
− OpEx	−$60.0k	−$15.01
NOI	$140.1k	$35.02

4,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$2.00M

$1.75M – $2.33M (±1% cap)

NOI $140,087 @ 7.0% cap · market cap 5.39%

Second Best

Apartment 5plus

$1.74M

$1.53M – $2.04M (±1% cap)

NOI $122,116 @ 7.0% cap · market cap 4.70%

Theoretical Best

Specialty Retail

$3.31M

$2.90M – $3.86M (±1% cap)

NOI $231,840 @ 7.0% cap · market cap 8.92%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.9494
Latitude: 40.6851

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For sale
Triplexes
NY
Brooklyn
11216
241A MADISON St

What type of property is this?

Triplex - Modern three-family townhouse in Bedford-Stuyvesant with income potential.

Where is this triplex located?

The property is located at 241A MADISON St Brooklyn, NY.

What is the asking price?

The asking price for this property is $2,600,000.

What are key features of this property?

This property features: High Income Potential: Generates approximately $170,000 annually.; Versatile Three‑Family Residence: Suitable for owner‑occupants or pure investment.; Modern Construction: Built in 2012, offering contemporary features and design.