Brick Two-Family
For Sale
Contact for pricing
225 Madison Street, New York, NY 11216
Legal two-family configuration with separate residences, a full basement, and front and rear outdoor areas.
Property Size3,200 SF
Lot Size0.05 Acres
Price / SF$759.38
Days on Market8
Property Features for 225 Madison Street
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.05 Acres
Property subtype
Multifamily
Zoning
R6B
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Asking Price
$2,435,000
Multifamily Units
2
Amenities
full basement
full rear yard
front outdoor area
Building Details
Year Built
1910
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
The Corcoran Group Brooklyn
Listed By:
Anthony Morris · License #30MO0951810
(646) 523-5711
Source:
Crexi
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 24 at 2:14PM
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 The Corcoran Group Brooklyn
Investment Insights
Based on property information with market context.
This attached brick duplex contains approximately 3,200 square feet across three stories and is configured as a legal two-family residence. Interior features include hardwood floors, replacement windows, gas-fired steam/radiator heat, and a full basement. The property also has a flat roof, a front outdoor area, and a rear yard. Built in 1910, it sits on a 20' x 100' lot and is zoned R6B.
The property is on Madison Street in Bedford-Stuyvesant. Nearby transit 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. Bus routes include the B44/B44-SBS, B25, B26, and B49. Herbert Von King Park and neighborhood businesses along Nostrand, Bedford, and Tompkins avenues are also nearby.
The property is on Madison Street in Bedford-Stuyvesant. Nearby transit 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. Bus routes include the B44/B44-SBS, B25, B26, and B49. Herbert Von King Park and neighborhood businesses along Nostrand, Bedford, and Tompkins avenues are also nearby.
Key Highlights
- Legal two‑family residence with two independent living spaces
- Approximately 3,200 square feet on a 20' x 100' lot (2,000 SF)
- Three‑story attached brick building, built in 1910
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
$108,300
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
4.46%
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%
$2,166,000
$2.2M
Cap Rate 7%
$1,547,143
$1.5M
Cap Rate 9%
$1,203,333
$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
−$8.5K −$2.65/SF
EGI
$154.7K $48.35/SF
− OpEx
−$46.4K −$14.50/SF
NOI
$108.3K $33.84/SF
Area
New York, NY
Vacancy
5.20%
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%
$2,166,000
Cap Rate 7%
$1,547,143
Cap Rate 9%
$1,203,333
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.35M – $1.81M
NOI $108,300 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,119 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$7.97M
$6.97M – $9.29M
NOI $557,568 @ 7.0% cap · market cap 22.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
13,848
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family configuration with separate residences, a full basement, and front and rear outdoor areas.
Where is this duplex located?
The property is located at 225 Madison Street New York, 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 spaces; Approximately 3,200 square feet on a 20' x 100' lot (2,000 SF); Three‑story attached brick building, built in 1910
