Three-Story Brick
New
For Sale
$2,430,000
225 MADISON Street, Brooklyn, NY 11216
Legal two-family townhouse with outdoor areas, a full basement, and flexible living arrangements in Brooklyn.
Property Size3,200 SF
Lot Size0.05 Acres
Price / SF$759.38
Days on Market5
Property Features for 225 MADISON Street
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Zoning
R6B
Additional Details
Asking Price
$2,435,000
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,240
Building Details
Building Size
3,200 SF
Year Built
1910
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Corcoran Group
Listed By:
Anthony L Morris · License #30MO0951810
(646) 523-5711
Source:
Howardhannanyc
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 2 at 9:09PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This legal two-family duplex is a three-story attached brick townhouse built in 1910. The approximately 3,200-square-foot property includes hardwood floors, gas-fired steam/radiator heat, a full basement, flat roof, front outdoor area, and private rear yard. Replacement windows complement the original architectural details, including an elevated stoop and decorative wrought-iron fencing. The configuration supports two independent residences within one building.
The property is situated in Bedford-Stuyvesant within an R6B zoning district. Transit access includes the A and C trains at Nostrand Avenue, the G train at Bedford-Nostrand Avenues, and Long Island Rail Road service at Nostrand Avenue. B44/B44-SBS, B25, B26, and B49 bus routes provide additional Brooklyn connections. Nearby amenities include Herbert Von King Park, cafés, bakeries, restaurants, markets, pharmacies, and neighborhood retail along Nostrand, Bedford, and Tompkins avenues.
The property is situated in Bedford-Stuyvesant within an R6B zoning district. Transit access includes the A and C trains at Nostrand Avenue, the G train at Bedford-Nostrand Avenues, and Long Island Rail Road service at Nostrand Avenue. B44/B44-SBS, B25, B26, and B49 bus routes provide additional Brooklyn connections. Nearby amenities include Herbert Von King Park, cafés, bakeries, restaurants, markets, pharmacies, and neighborhood retail along Nostrand, Bedford, and Tompkins avenues.
Key Highlights
- Legal two‑family residence with two independent living areas
- Approximately 3,200 square feet across three stories
- 20' 100' lot with full rear yard and front outdoor area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$112,069
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,241,380
$2.2M
Cap Rate 7%
$1,600,986
$1.6M
Cap Rate 9%
$1,245,211
$1.2M
Market Conditions
NOI Build-Up for 3,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$163.2K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$160.1K $50.03/SF
− OpEx
−$48.0K −$15.01/SF
NOI
$112.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,241,380
Cap Rate 7%
$1,600,986
Cap Rate 9%
$1,245,211
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.87M
NOI $112,069 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,693 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,908
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family townhouse with outdoor areas, a full basement, and flexible living arrangements in Brooklyn.
Where is this duplex located?
The property is located at 225 MADISON Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,430,000.
What are key features of this property?
This property features: Legal two‑family residence with two independent living areas; Approximately 3,200 square feet across three stories; 20' 100' lot with full rear yard and front outdoor area
