Spacious Bushwick Two-Unit
For Sale
$1,192,000
1234 Madison Street, Brooklyn, NY 11221
Well-maintained two-unit property in Bushwick with investment potential.
Property Size3,000 SF
Days on Market388
Property Features for 1234 Madison Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Triplex
Amenities
Hot Water
Wall/Window Unit(s)
Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Building Details
Building Size
3,000 SF
Year Built
1910
Listing Agency:
NYC - Queens/Bayside
Listed By:
Durwin Fernandez · License #10401244764
(718) 755-3510
Source:
Kw
Added: Oct 6, 2025
Changed: Oct 27
Last Checked: Oct 28 at 1:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NYC - Queens/Bayside
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained two-unit property is located in the Bushwick neighborhood. The first unit features 2 bedrooms, 1 full bath, and an eat-in kitchen, with direct access to the backyard. The second unit is a duplex apartment offering 5 bedrooms and 2 full baths. The property includes a 2 year old gas heating system and hot water tank, a full basement, and driveway parking. It is located near parks, schools, shopping, and local eateries, with close proximity to the M, L, J, Z train lines.
Key Highlights
- Large 2‑unit property with investment potential
- Duplex apartment with 5 bedrooms and 2 full baths
- First floor unit with 2 bedrooms, 1 bath, eat‑in kitchen, and backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,065
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 7.68%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
5,245
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit property in Bushwick with investment potential.
Where is this duplex located?
The property is located at 1234 Madison Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,192,000.
What are key features of this property?
This property features: Large 2‑unit property with investment potential; Duplex apartment with **5 bedrooms and 2 full baths**; First floor unit with 2 bedrooms, 1 bath, eat‑in kitchen, and backyard access
