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1240 Madison St 8 Unit Apartment Building $5,124,167 CAD ($640,521 CAD/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 | $5,124,167 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $640,521 CAD | 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 | $5,124,167 CAD |
| Price Per Unit | $640,521 CAD |
| 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 | $616,580 CAD |
| Land Assessment | $90,432 CAD | Total Assessment | $707,011 CAD |
PROPERTY TAXES
Parcel Number
03370-0115
Land Assessment
$90,432 CAD
Improvements Assessment
$616,580 CAD
Total Assessment
$707,011 CAD
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1240 Madison St
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