SOLD FOR $1,180,000
· Sold at asking price · Closed October 12, 2023
$1,180,000
$596 per sq ft
1042 Madison Street
MLS® #RLS10921571
Listing by Nest Seekers LLC
5
Bedrooms
2
Baths
1,980
Sq. Ft.
1910
Year Built
Sale Details
Property Summary
Description
Your next home or investment opportunity awaits – don’t miss this golden chance! This exceptional 5-bedroom, 2-bathroom configured as a 2-family home, strategically positioned near the J and Z subway lines as well as the B60 and Q24 bus routes, offers versatile options for both homeowners and developers seeking investment opportunities. Situated on a quiet, tree-lined block, this beautiful multi-family is nestled on a 25 ft x 100 ft lot and building features a newly finished basement. Entire home will be delivered vacant. For Homebuyers: Step inside and discover a spacious, sunlit interior that’s perfect for creating lasting memories. Enjoy thoughtful features, including skylights in the second-floor hallway and bathroom, flooding these spaces with natural radiance. For outdoor enthusiasts, the expansive cemented yard and pavers offer the perfect setting for leisure and recreation. The home also features wood burning fireplaces and hardwood floors. Whether you choose to occupy one unit and rent out the other, or if you’re looking for space for extended family, this property offers versatile living options. The roof has been replaced just five years ago, ensuring durability and peace of mind for years to come. For Developers: This property is not only a perfect home but also an excellent investment opportunity. The R6 zoning and spacious lot provide potential for expansion or redevelopment projects. Whether you’re interested in renovating and enhancing the existing structure or exploring new development possibilities, this property offers promising potential for a profitable venture with over 4000+ unused FAR to tap into. This residence has an allowed usable floor area of 6,073 and FAR as built 0.79. Inquire today for additional information, and make this 2-family property your next home or investment. Act now and schedule a private showing with a 48-hour notice. Your future home or development opportunity awaits!
Property Details
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Listing courtesy of Quincy Bee at Nest Seekers LLC. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.