Single-Unit Residential Income
For Sale
Contact for pricing
904 MADISON ST, Brooklyn, NY 11221
Single-unit residential income asset with a substantial building footprint.
Property Size2,900 SF
Price / SF$551.72
Days on Market80
Property Features for 904 MADISON ST
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
1
Building Details
Units
1
Tenancy
Multi
Listing Agency:
Landmark International Real Estate
Listed By:
Dongyue Niu · License #10401282827
(347) 870-1239
Source:
Crexi
Added: Aug 11
Changed: Oct 26
Last Checked: Oct 28 at 7:56AM
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 Landmark International Real Estate
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Investment Insights
Based on property information with market context.
Located at 904 Madison St in Bedford-Stuyvesant, NY 11221, this residential income property contains one unit within approximately 2,900 square feet of building area. The asset is classified as an other residential income property and is offered for sale.
Key Highlights
- 2,900 SF residential income property
- Single‑unit configuration
- 904 Madison St, Bedford‑Stuyvesant, NY 11221
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,534
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,770,680
$1.8M
Cap Rate 7%
$1,264,771
$1.3M
Cap Rate 9%
$983,711
$983.7K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$164.3K $56.64/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$161.0K $55.51/SF
− OpEx
−$72.4K −$24.98/SF
NOI
$88.5K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,770,680
Cap Rate 7%
$1,264,771
Cap Rate 9%
$983,711
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.11M – $1.48M
NOI $88,534 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.40M
$2.10M – $2.80M
NOI $168,084 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,607
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Single-unit residential income asset with a substantial building footprint.
Where is this residential income property located?
The property is located at 904 MADISON ST Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 2,900 SF residential income property; Single‑unit configuration; 904 Madison St, Bedford‑Stuyvesant, NY 11221
