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959 Madison St Brooklyn, NY 11221-8627

OFF-MARKET Retail residential properties Google Maps
12,331 SF 0.08 ac lot Built 1994
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$1.30M
Range $1.43M – $2.56M
Property ID US63-5000529

Property summary

AI-generated overview

This exceptional special-purpose property, located at 959 Madison Street in the vibrant Bushwick neighborhood of Brooklyn, New York, offers a unique opportunity for community-focused businesses. Zoned R6, this vanilla box community facility space is perfect for a variety of uses. The property boasts a highly desirable multiple-tenant configuration, providing flexibility and potential for diverse income streams. Its strategic location between Broadway and Bushwick Avenue ensures high visibility and accessibility. The property benefits from excellent public transportation access, with the J train at Gates Avenue and the Q24 bus line within easy reach. This prime location is surrounded by a thriving commercial environment, with numerous established businesses in close proximity, including Blink Fitness, Walgreens, Taco Bell, T-Mobile, McDonald's, Cup of Brooklyn, Rite Aid, Dunkin', Foodtown of Bushwick, and Family Dollar, creating a bustling and convenient atmosphere for both tenants and patrons. The property's address is 959 Madison Street, Brooklyn, NY 11221, situated in Kings County. This is an exceptional opportunity to acquire a well-positioned community facility space in a rapidly growing area of Brooklyn. The property's convenient location and strong tenant mix make it an attractive investment prospect.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1994
Construction BRICK
Total area 12,331 SF
Lot 0.08 ac (3,350 SF)
Zoning code R6
APN 03357-0162
UPID US63-5000529

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.30M

Owner & transaction history

since 2019
7 recorded transactions
2023
Price N/A
2020
Price N/A
2019
$1.4M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R6 · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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