houseContinuing what is turning out to be a Bed Stuy-heavy week around here, we’ve got a new listing from Massey Knakal that’s a Brownstoner exclusive for the next few days. It’s a 5-family building at 460 Madison Street between Throop and Marcus Garvey Boulevard that could be an interesting play for an enterprising buyer. The 25-foot-wide building’s over 5,000-square-feet and is configured in such a way to enable an owner to live in it and gradually take over more space–or generate significant income. The ground floor has a vacant 4-bedroom apartment while the second and third floors have a total of four apartments (two of which can be delivered vacant). The property’s also across from a park. We don’t know what the rest of the block is like, but at about $140 a foot, this could be an interesting play. What do people think? To take a look before the property officially hits the market, contact Peter Schubert at (718) 238-8999 ext. 6521 or by email at pschubert@masseyknakal.com.
Peter Schubert Profile [Massey Knakal]


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  1. I called the broker and apparently it was converted from a 6 unit to a 5 unit years ago and it is not rent stabilized. They were pretty open with the info on the building….rare from the experiences I have had with agents and brokers.