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328 Madison St 8 Unit Apartment Building $1,495,000 ($186,875/Unit) 7.60% Cap Rate Brooklyn, NY 11216
EXECUTIVE SUMMARY
The New York Multifamily team is pleased to offer 328 Madison St, an 8-unit multifamily property in the Bedford Stuyvesant neighborhood, for $1,495,000.
PROPERTY FACTS
| Price | $1,495,000 | Property Subtype | Apartment |
| Price Per Unit | $186,875 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.60% | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 8.5 | Building Size | 7,580 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Zoning | R68 | ||
| Price | $1,495,000 |
| Price Per Unit | $186,875 |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| Gross Rent Multiplier | 8.5 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,580 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Zoning | R68 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 01824-0029 | Improvements Assessment | $840,150 |
| Land Assessment | $129,600 | Total Assessment | $969,750 |
PROPERTY TAXES
Parcel Number
01824-0029
Land Assessment
$129,600
Improvements Assessment
$840,150
Total Assessment
$969,750
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328 Madison St
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