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Imagine living in a fully renovated historic brick townhouse with sun-drenched interiors and a private garden that offers effortless indoor-outdoor entertaining - all while two beautifully appointed residences above generate substantial income.
On a picturesque, tree-lined block in the heart of Bedford-Stuyvesant, 318 Madison Street stands as a rare offering: a meticulously restored 1915 townhouse that seamlessly unites historic grandeur with sophisticated modern living.
Behind its classic facade lies an exceptional owner's triplex spanning over 2, 000 square feet, complemented by two beautifully designed two-bedroom residences above that provide meaningful rental income.
Ascend the iconic townhouse stoop and enter a striking foyer that opens to the parlor level - a dramatic entertaining space where soaring ceilings, oversized windows, and an elegant marble mantle pay homage to the home's architectural heritage. A thoughtfully designed open layout introduces a contemporary sensibility, highlighted by wide-plank white oak flooring, a sculptural glass-enclosed staircase, and expansive sliding glass doors that extend the living space to a newly finished private deck.
The chef's kitchen blends refined design with professional functionality. Sleek flat-panel cabinetry is paired with a Carrara marble backsplash, pot filler, custom two-zone wine cooler, and premium appliances by Fisher & Paykel and KitchenAid. Adding a distinctive local narrative, the kitchen's statement countertop is crafted from reclaimed oak salvaged after Hurricane Sandy - a subtle homage to Brooklyn's resilience and character.
Just beyond, the expansive deck offers an effortless transition to outdoor living, providing ample room for dining, lounging, and entertaining above the private garden below.
The garden level reveals a tranquil private retreat with three generously proportioned bedrooms and two beautifully appointed baths. The serene primary suite features dual walk-in closets, an elegant ensuite bath, and a full wall of sliding glass doors that open directly onto the lush south-facing garden. Custom motorized shades by The Shade Store provide comfort and privacy throughout the residence.
Designed as a true outdoor sanctuary, the private garden offers a lawn, ambient globe lighting, additional lounge space and a tranquil water feature, creating a rare urban oasis ideal for both quiet relaxation and memorable gatherings.
The finished lower level adds exceptional versatility, offering space for a media lounge, playroom, home gym, and laundry area. Mechanical systems - including four-zone central heating and air conditioning, integrated security, and sump pump - are discreetly integrated throughout the home.
Above the owner's residence, two thoughtfully updated two-bedroom apartments retain charming prewar character while offering modern comforts, including updated kitchens and baths, hardwood floors, skylights, and in-ceiling speakers. These residences generate strong rental income while maintaining privacy for the owner's home below.
Perfectly situated across from Arts & Letters Elementary and moments from the celebrated restaurants, cafés, and boutiques along Tompkins Avenue - including Peaches Hothouse, Delores, Cheeni, Warude, and Bar Camilo - the home offers the best of Brooklyn living. The express A train is just moments away, providing a convenient 25-minute commute to Manhattan.
318 Madison Street represents a rare opportunity to own a fully renovated historic townhouse that delivers architectural beauty, luxurious private living, exceptional outdoor space, and, with an estimated 5. 1% cap rate, enduring investment value.
Contact us today to find out more about this beautiful home!
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,560,000 | $2,560,000 | $2,560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.806% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,939 | $15,143 | $21,088 |
| Total Monthly Payment | $14,064 | $15,268 | $21,213 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.