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Map
$1,850,000
●
Commercial -
For Sale
440 Madison Street
Bedford-Stuyvesant, NY 11221
Studio
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
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
Location Details
Directions: Throop Avenue to Madison StreetAttached please find the deal sheet for the accepted offer on 1215 Little East Neck Road-Wyandanch (Thomas to G&J Bestway Auto Repair Inc). Please let me know when the contracts are releas
County or Parish: Brooklyn
Other Details
On Market Date: 2024-04-11
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
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
-
Active
Townhouse
Stu
6.5
Baths
3,652 ft²
$411/ft²
$1,500,000
Jul 21, 2023
-
$929/mo
Active
Townhouse
7
Beds
4
Baths
3,520 ft²
$533/ft²
$1,875,000
Jan 22, 2024
-
$327/mo
Active
Multifamily
9
Beds
6
Baths
4,500 ft²
$400/ft²
$1,799,999
Oct 27, 2023
-
$3,948/mo
In Contract
Multifamily
5
Beds
4
Baths
3,600 ft²
$500/ft²
$1,799,000
Jul 20, 2023
-
$475/mo
Active
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