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1240 Madison St 8 Unit Apartment Building $5,047,688 CAD ($630,961 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 | $5,047,688 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $630,961 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 | $5,047,688 CAD |
| Price Per Unit | $630,961 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
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03370-0115 | Improvements Assessment | $610,428 CAD |
| Land Assessment | $89,530 CAD | Total Assessment | $699,958 CAD |
Property Taxes
Parcel Number
03370-0115
Land Assessment
$89,530 CAD
Improvements Assessment
$610,428 CAD
Total Assessment
$699,958 CAD
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1240 Madison St
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