Brooklyn Multifamily Walk-Up
662 Madison St Brooklyn, NY 11221
For Sale
Contact for pricing
Four-story multifamily property in Brooklyn, between Stuyvesant Avenue & Malcolm X Blvd.
Property Size10,160 SF
Price / SF$378.94
Days on Market981
Property Features for 662 Madison St
General Information
- Standard status
- Active
- Size
- 10,160 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1931
Listing Agency:
Safdie Realty Group
Listed By:
Roni Yaghoobzar · License #NY 10401324145
Source:
Crexi
Added: Nov 16, 2023
Changed: Jul 6
Last Checked: Jul 23 at 1:42PM
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 Safdie Realty Group
Investment Insights
Based on property information with market context.
The property is a large, brick, four-story multifamily walk-up building. It is located on Madison Street in Brooklyn, New York, between Stuyvesant Avenue and Malcolm X Blvd. The property has a size of 10160 square feet.
Key Highlights
- Large brick 4‑story multifamily walk‑up property.
- Located in Brooklyn, NY.
- Located between Stuyvesant Avenue & Malcolm X Blvd.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $575.5k | $56.64 |
| − Vacancy | −$11.5k | −$1.13 |
| EGI | $564.0k | $55.51 |
| − OpEx | −$253.8k | −$24.98 |
| NOI | $310.2k | $30.53 |
10,160 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.43M
$3.88M – $5.17M
NOI $310,174 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.41M
$7.36M – $9.81M
NOI $588,874 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Outpost Club | Stuyvesant ...
Property Management Company
FAQs
What type of property is this?
Apartment building - Four-story multifamily property in Brooklyn, between Stuyvesant Avenue & Malcolm X Blvd.
Where is this apartment building located?
The property is located at 662 Madison St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Large brick 4‑story multifamily walk‑up property.; Located in Brooklyn, NY.; Located between Stuyvesant Avenue & Malcolm X Blvd.
