Check Availability
$1,850,000
Commercial - For Sale

440 Madison Street

Bedford-Stuyvesant, NY 11221
bedrooms
Studio
bathrooms
0 Bath
$10,661
Estimated Monthly
$0
HOA / Fees
-0.18%
Cap Rate

About This Property

Calling All Investors, Developers, & End-Users!!! 100% Occupied 7 Unit Apartment Building In Bed-Stuy For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong R6B Zoning, 6 Parking Spaces, High 10' Ceilings, Skylight, Separate Meters, 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Bed-Stuy In Between Atlantic Ave. & Myrtle Ave.!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Museum, Brooklyn Children's Museum & Brooklyn Zoo!!! Neighbors Include UPS, The Home Depot, Dunkin', CubeSmart Self Storage, Smoothie King, Best Buy, Walgreens, AutoZone, Liberty Tax, Planet Fitness, Blink Fitness,  McDonald's, Dollar Tree, Trader Joe's, Duane Reade, +++!!! This Property Offers HUGE Upside Potential!!!  This Could Be Your Next Development Site Or The Next Home For Your Business!!!    Income:   Unit 1L (3 Br. Apt.): $30,000 Ann.    Unit 1R (3 Br. Apt.): $30,000 Ann. Been Here A Few Years So Far.     Unit 2R (3 Br. Apt.): $29,400 Ann. M-M.    Unit 2L (3 Br. Apt.): $27,000 Ann. M-M.    Unit 3R (3 Br. Apt.): $7,632. Ann. M-M. Been Here 10+ Years So Far.    Unit 3L (3 Br. Apt.): $28,800 Ann. M-M    LL (Art Studio): $13,200 Ann. M-M. Been Here 5+ Years So Far.      Gross Income: $166,032 Ann.    Expenses:   Gas : $6,000 Ann. (Heat Only)   Electric: $780 Ann.   Water + Sewer: $4,290 Ann.    Insurance: $2,800 Ann.    Super: $3,000 Ann.    Maintenance & Repairs: $2,400 Ann.    Taxes: $18,920.56 Ann.      Total Expenses: $38,190.56 Ann.   Net Operating Income (NOI): $127,841.44 Ann (6.91 Cap!!!)
Unit Size
-
Days on Market
26 days
Land Size
0.06 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,577
HOA Dues
-
Year Built
1931
Listed By
Richard Matt Shane
All Island Estates Realty Corp
Last updated: 25 days ago (OneKey MLS #ONE3544250)

Price History

Date / Event Date Event Price
Apr 11, 2024 Listed by All Island Estates Realty Corp $1,850,000
Listed by All Island Estates Realty Corp
Jun 19, 2007 Sold to 440 Jda Llc $525,000
Sold to 440 Jda Llc
Aug 17, 2006 Sold to 440 Llc $333,000
Sold to 440 Llc
Oct 13, 2005 Sold to First Franklin Financial Co... $1,000
Sold to First Franklin Financial Co...
May 29, 2003 Sold to Karen Solano $465,000
Sold to Karen Solano

Property Highlights

Exterior Details

Property Information

Square Footage : 5694
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1931

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.06
Lot Size Square Feet: 2600
Lot Size Dimensions: 26x100
Financial Details
Tax Annual Amount: $18,921

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
Stu
-
-
$1,795,000 Oct 31, 2018
$1,795,000 Apr 11, 2019
-
Townhouse
Stu
-
-
$2,001,187 Sep 29, 2015
$2,001,187 May 4, 2016
-
Stu
-
-
$1,400,000 Dec 21, 2017
$1,400,000 Dec 12, 2017
-
Multifamily
5 Beds
5 Baths
3,000 ft²
$650/ft²
$1,950,000 Jun 24, 2021
$1,950,000 Aug 11, 2021
-
Multifamily
5 Beds
3 Baths
3,000 ft²
$567/ft²
$1,700,000 Mar 2, 2017
$1,700,000 Jun 27, 2017
-
Townhouse
5 Beds
5 Baths
2,700 ft²
$746/ft²
$2,015,000 Jul 24, 2018
$2,015,000 Aug 2, 2019
-
Townhouse
Stu
6.5 Baths
3,652 ft²
$411/ft²
$1,500,000 Jul 21, 2023
-
$929/mo
Townhouse
7 Beds
4 Baths
3,520 ft²
$533/ft²
$1,875,000 Jan 22, 2024
-
$327/mo
Multifamily
9 Beds
6 Baths
4,500 ft²
$400/ft²
$1,799,999 Oct 27, 2023
-
$3,948/mo
Multifamily
6 Beds
4 Baths
-
$1,900,000 Aug 24, 2023
-
$381/mo
Multifamily
5 Beds
4 Baths
3,600 ft²
$500/ft²
$1,799,000 Jul 20, 2023
-
$475/mo
Townhouse
5 Beds
3 Baths
2,400 ft²
$790/ft²
$1,895,000 Feb 12, 2024
-
$399/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

440 Madison Street 440 Madison Street, Brooklyn, NY 11221
  • 6 Units
  • 1 Unit for Sale
More about this Building
440 Madison Street
Want to find out who owns 440 Madison Street, Brooklyn, NY 11221? Get detailed property transactions here .

About Northern Brooklyn


Similar Homes for Sale

Unit for sale at 498 Monroe Street, Brooklyn, NY 11221

$1,895,000

  • 5 Beds
  • 3 Baths
  • 2,400 ft²
498 Monroe Street, Brooklyn, NY 11221 Listing by Toni Martin
Unit for sale at 473 Putnam Avenue, Bedford-Stuyvesant, NY 11221

$1,900,000

  • 6 Beds
  • 4 Baths
473 Putnam Avenue, Bedford-Stuyvesant, NY 11221 Listing by Katimapretty Emptage
Unit for sale at 564 Quincy Street, BROOKLYN, NY 11221

$1,799,999

  • 9 Beds
  • 6 Baths
  • 4,500 ft²
564 Quincy Street, BROOKLYN, NY 11221 Listing by Robert Parker Brown

Nearby Rentals

Unit for rent at 737 Park Place, Brooklyn, NY, 11216

$1,400 /mo

  • Studio
  • 1,500 ft²
737 Park Place #BSMT, Brooklyn, NY, 11216 Listing by Theo Bacon
Unit for rent at 17 Covert Street, Brooklyn, NY 11207

$1,250 /mo

  • Loft
  • 1 Bath
17 Covert Street #2, Brooklyn, NY 11207 Listing by Noelle NYC
Unit for rent at 1183 Broadway, Brooklyn, NY 11221

$1,350 /mo

  • Loft
  • 1 Bath
1183 Broadway #2, Brooklyn, NY 11221 Listing by Geo Lalanne


Quantcast