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662 Madison St 8 Unit Apartment Building $3,850,000 ($481,250/Unit) 8.88% Cap Rate Brooklyn, NY 11221
EXECUTIVE SUMMARY
Safdie Realty Group is pleased to present, on exclusive retainment to offer for sale 662 Madison Street, Brooklyn, NY
(“the Property”) a large brick 4-story, multifamily walk-up property located between Stuyvesant Avenue & Malcolm X Blvd. 662 Madison Street spans 10,160 square feet consisting of eight (8) total residential units. All units are 4-5 bedrooms each with plenty of space as well as natural air and light. The residential units were renovated while keeping much of its original charm. A couple blocks away from the Gates Avenue Station servicing the J & Z train lines as well as Utica Avenue Station servicing the A & C train lines for smooth accessibility to Brooklyn and Manhattan.
For more information reach out directly:
Roni Yaghoobzar
(516) 469-0773
Roni@safdierealtygroup.com
(“the Property”) a large brick 4-story, multifamily walk-up property located between Stuyvesant Avenue & Malcolm X Blvd. 662 Madison Street spans 10,160 square feet consisting of eight (8) total residential units. All units are 4-5 bedrooms each with plenty of space as well as natural air and light. The residential units were renovated while keeping much of its original charm. A couple blocks away from the Gates Avenue Station servicing the J & Z train lines as well as Utica Avenue Station servicing the A & C train lines for smooth accessibility to Brooklyn and Manhattan.
For more information reach out directly:
Roni Yaghoobzar
(516) 469-0773
Roni@safdierealtygroup.com
PROPERTY FACTS
| Price | $3,850,000 | Building Class | C |
| Price Per Unit | $481,250 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 10,160 SF |
| Cap Rate | 8.88% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R6B | ||
| Price | $3,850,000 |
| Price Per Unit | $481,250 |
| Sale Type | Investment |
| Cap Rate | 8.88% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 10,160 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R6B |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (97)
PROPERTY TAXES
| Parcel Number | 01646-0018 | Improvements Assessment | $945,450 |
| Land Assessment | $133,200 | Total Assessment | $1,078,650 |
PROPERTY TAXES
Parcel Number
01646-0018
Land Assessment
$133,200
Improvements Assessment
$945,450
Total Assessment
$1,078,650
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662 Madison St
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