Renovated Bed Stuy Apartment Building on the Market for $3.95 Million

TerraCRG is marketing a gut-renovated rental building at 244 Madison Street in Bed Stuy for $3,950,000. The 9,322-square-foot, four-story building has eight three bedroom, two-bath apartments, including two duplexes with 2.5 bathrooms and backyard access.

The property has eight separate gas boilers and hot water heaters, central air, updated electric and plumbing and a new roof. Each unit has stainless steel appliances, granite countertops, exposed brick and brand new bathrooms. All the apartments are occupied with a current annual rent roll of $251,400.

The building is currently owned by an LLC and last changed hands for $900,000 in 2007, according to PropertyShark. Click through to the jump for lots of interior shots.

244-madison-k-2-121613

244-madison-side-121613

244-madison-lr-121613

244-madison-k3-121613

12 Comment