For Sale
$3,850,000
662 Madison St Brooklyn, NY 11221
8-Unit Apartment Building, High NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Exceptional investment opportunity: 8-unit, 10,160 sq ft multifamily building in Stuyvesant Heights, Brooklyn.
- Eight renovated 4-5 bedroom units, currently 100% occupied.
- Strong NOI of $342,000 and 8.88% cap rate; asking price $3,850,000 ($378.94/sq ft, $481,250/unit).
- Located near J, Z, A, and C subway lines, offering easy Manhattan access.
- Sits on a 3,117 sq ft lot, zoned R6B.
Property Details for 662 Madison St
- Property type
- Apartment buildings
- Square Feet
- 10,160 SF
- Year Built
- 1931
- Buildings
- 1
- Stories
- 4
- Units
- 8
Location Insight
- City
- Brooklyn
- County
- Kings
- State
- New York
- Latitude
- 40.6867027
- Longitude
- -73.9316967
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 8-Unit Apartment Building, High NOI
- Where is the apartment building located?
- The property is located at 662 Madison St Brooklyn, NY.
- What is the asking price?
- The asking price for this property is $3,850,000.
- What are key features of this property?
- This property features: Exceptional investment opportunity: 8-unit, 10,160 sq ft multifamily building in Stuyvesant Heights, Brooklyn.; Eight renovated 4-5 bedroom units, currently 100% occupied.; Strong NOI of $342,000 and 8.88% cap rate; asking price $3,850,000 ($378.94/sq ft, $481,250/unit).
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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