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440 Madison Street, Bedford-Stuyvesant, NY 11221
$1,850,000
440 Madison Street, Bedford-Stuyvesant, NY 11221View this property at 440 Madison Street, Bedford-Stuyvesant, NY 11221
440 Madison StreetBedford-StuyvesantNY11221
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Property Description
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!!!)
Full Property Details
Full Property Details for 440 Madison St
General
- Price: $1,850,000
- Taxes: $18,921
- Status: Active
- Type: Commercial
- MLS ID: 3544250
- Updated: 4/12/2024
- Added to Site: 53 day(s) ago
Location
- County: Brooklyn
- Township: Brooklyn
- Cross Streets: Throop Avenue
- Driving 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
Structural Information
- Detached/Attached: Detached
- Stories/Levels: 3
- Stories in Building: 3
- Square Feet: 5,694
- Year Built: 1931
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,600
- Lot Size Source: Other
- Lot Dimensions: 26 x 100
- Zoning: R6B
Financial Considerations
- Tax Amount: $18,921
Disclosures and Reports
- Property ID: 01826-0016
- Block: 1826
- Lot Number: 16
Listed by All Island Estates Realty Corp
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Schools
Schools serving 440 Madison St
School District:New York City Geographic District #13
Rating | Name | Grades | Distance |
---|---|---|---|
432 Monroe St, Brooklyn, NY 11221 | PK-5 | 0 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 440 Madison St
Date
Details
Price
Change
Source
4/11/2024
Listed
$1,850,000
455.56%
MLS
8/17/2006
Sold
$333,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 440 Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$18,921
5%
$404,550
20%
2022
$17,989
8%
$337,050
25%
2021
$16,657
6%
$269,775
3%
2020
$15,682
8%
$261,900
20%
2019
$14,520
1%
$218,160
87%
2017
$14,348
—
$116,415
3%
2017
$14,348
7%
$112,807
8%
2016
$13,466
8%
$104,451
8%
2015
$12,460
8%
$96,714
8%
2015
$11,512
-22%
$89,550
—
2013
$14,689
—
$89,550
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 440 Madison St
440 Madison Street, Bedford-Stuyvesant, NY 11221 (MLS# 3544250) is a Commercial property. 440 Madison Street is currently listed for $1,850,000 and was received on April 11, 2024. Want to learn more about 440 Madison Street? Do you have questions about finding other Commercial real estate for sale in Bedford-Stuyvesant? You can browse all Bedford-Stuyvesant real estate or contact a Coldwell Banker agent to request more information.