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1240 Madison St 8 Unit Apartment Building $3,700,000 ($462,500/Unit) 5.98% Cap Rate Brooklyn, NY 11221
EXECUTIVE SUMMARY
Eight-Unit multi-family building for sale. One studio duplex w/ two bathrooms, one penthouse (two bed, two bath), one duplex (two bed, one bath), and five (one bed, one bath). All leases are one year.
Price is negotiable. This is also a free market multifamily property.
Price is negotiable. This is also a free market multifamily property.
PROPERTY FACTS
| Price | $3,700,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $462,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 5.98% | Building Size | 5,100 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | ||
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements | ||
| Price | $3,700,000 |
| Price Per Unit | $462,500 |
| Sale Type | Investment |
| Cap Rate | 5.98% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 5,100 SF |
| No. Stories | 4 |
| Year Built | 2019 |
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+2 | 2 | - | - |
| 1+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (88)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 03370-0115 | Improvements Assessment | $438,750 |
| Land Assessment | $64,350 | Total Assessment | $503,100 |
PROPERTY TAXES
Parcel Number
03370-0115
Land Assessment
$64,350
Improvements Assessment
$438,750
Total Assessment
$503,100
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1240 Madison St
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