Search
Fully Occupied Multifamily Property
For Sale
$999,000

988 Madison St, Brooklyn, NY 11221

Residential Income, Brooklyn, NY

Property SizeContact for details
Lot Size0.04 Acres
Days on Market244

Property Features for 988 Madison St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 1, Bathroom 2
Subdivision Bushwick
High school district District # 32
Directions Off Bushwick Ave.
Standard status Active
Lot size 0.04 Acres

Taxes and HOA fees

Tax Annual Amount 2609

Utilities

Heating system Baseboard, Natural Gas
Water source Public

Building Details

Year built 1901
Floors in Building 3
Flooring type Hardwood
Listing Agency: GREAT SUCCESS REALTY INC
Listed By: Shimon Matsui · License #31MA1011482
Added: Jan 8 Changed: Sep 4 Last Checked: Sep 9 at 10:06AM
MLS# 11630020

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This fully occupied multifamily property at 988 Madison St features six bedrooms and three bathrooms within a 0.0388-acre lot. Interior details include hardwood flooring, while heating is provided through baseboard systems using natural gas. Public water serves the property.

Constructed in 1901, the building is available for drive-by review only. Its Brooklyn location is identified by ZIP Code 11221 in Kings County, New York.

Key Highlights

  • Fully occupied multifamily property
  • Six bedrooms and three bathrooms
  • 0.0388‑acre lot

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Dental Office Acupuncture Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,397
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Multifamily property - Six-bedroom, three-bath property with hardwood flooring and natural gas baseboard heat.
Where is this multifamily property located?
The property is located at 988 Madison St Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Fully occupied multifamily property; Six bedrooms and three bathrooms; 0.0388‑acre lot
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message