Two-Family Duplex with
For Sale
$1,999,999
614 Madison Street, Brooklyn, NY 11221
A garden-level one-bedroom apartment includes its own kitchen, full bath, and direct access to the outdoor space.
Property Size2,520 SF
Price / SF$793.65
Days on Market54
Property Features for 614 Madison Street
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,821
Amenities
private backyard
finished basement
dedicated laundry area
Eat-in Kitchen
Building Details
Building Size
2,520 SF
Year Built
1899
Buildings
1
Units
2
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Sep 3
Changed: Oct 25
Last Checked: Oct 26 at 3:43AM
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 Gail Leone
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Investment Insights
Based on property information with market context.
This 2,520-square-foot, two-family Brooklyn residence dates to 1899 and includes a primary home with multiple bedrooms, updated bathrooms, and a modern kitchen with stone counters and stainless-steel appliances. A separate garden-level apartment has one bedroom, a kitchen, a full bathroom, and direct backyard access. The property also features a finished basement and dedicated laundry area.
The private backyard provides outdoor space, while updated mechanical systems add to the property's existing features. The residence is in Bedford-Stuyvesant, Brooklyn, with nearby subway lines, bus service, and Citi Bike access.
The private backyard provides outdoor space, while updated mechanical systems add to the property's existing features. The residence is in Bedford-Stuyvesant, Brooklyn, with nearby subway lines, bus service, and Citi Bike access.
Key Highlights
- Two‑family duplex with 2,520 square feet
- Separate garden‑level apartment with one bedroom, kitchen, and full bathroom
- Private backyard access from the garden‑level apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,255
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,765,100
$1.8M
Cap Rate 7%
$1,260,786
$1.3M
Cap Rate 9%
$980,611
$980.6K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$128.5K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$126.1K $50.03/SF
− OpEx
−$37.8K −$15.01/SF
NOI
$88.3K $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%
$1,765,100
Cap Rate 7%
$1,260,786
Cap Rate 9%
$980,611
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,255 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$1.10M
$961.7K – $1.28M
NOI $76,933 @ 7.0% cap · market cap 3.85%
Theoretical Best
Specialty Retail
$2.09M
$1.83M – $2.43M
NOI $146,059 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,518
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A garden-level one-bedroom apartment includes its own kitchen, full bath, and direct access to the outdoor space.
Where is this duplex located?
The property is located at 614 Madison Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Two‑family duplex with 2,520 square feet; Separate garden‑level apartment with one bedroom, kitchen, and full bathroom; Private backyard access from the garden‑level apartment
