Map of Property

848 Madison St

For Sale

848 Madison St, Brooklyn, NY 11221

This Brooklyn property for sale is located at 848 Madison St. The general use of 848 Madison St is office and it incorporates 5,600 square feet of class A office space. The current listed sale price for 848 Madison St is $3,500,000. 848 Madison St is situated on a lot that is 0.06 acre in size.

Contacts

broker

Baruch Edelkopf

Schuckman Realty

Property Details

  • Property Type Office - General Office
  • Property Size 5,600 SF
  • Units 8
  • Lot Size 0.06 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1931
  • Year Renovated 2016
  • Date Updated Sep 9, 2024
Discover the vibrant area surrounding the property at 848 Madison St in Brooklyn, NY. This eclectic neighborhood is a hub for creativity, offering a thriving mix of artisanal eateries, trendy cafes, and boutique shops. Just steps away, enjoy the artistic flair of the Bushwick Collective street art, or explore the historic architecture of nearby Stuyvesant Heights. Need a breath of fresh air? The lush green spaces of Herbert Von King Park provide a welcome retreat. With convenient access to public transportation and a diverse array of dining and entertainment options, this location seamlessly combines urban convenience with authentic Brooklyn charm.Schuckman Realty is pleased to present 848 Madison Street exclusively for Sale. The Property includes 8 renovated Three-bedroom apartments which were completely gut renovated in 2016. the building amenities include in-unit dishwashers and private AC in each room. There is about a 12% Mark to Market spread between the in-place rent roll, currently averaging $2,897/Unit, vs Market rent, which should be averaging at $3,250/Unit, offering the opportunity to raise the rent roll over time upon natural turnover of the existing tenancy. The property is being offered at $3,500,000 ($625/SF) at an in-place 6.42% Cap Rate and a projected 7.32% cap rate.

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Getting around

  • 89/100

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  • 96/100

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  • 68/100

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Location

  • City Brooklyn, NY
  • Neighborhood Bedford-Stuyvesant
  • Zip Code 11221
  • Market Brooklyn

Points of Interest

  • Halsey Street

    0.40 miles

  • Kosciuszko Street

    0.48 miles

  • Chauncey Street

    0.77 miles

  • Knickerbocker Avenue

    0.81 miles

  • Rockaway Avenue Station

    0.82 miles

  • Kingston–Throop Avenues

    1.03 miles

  • Myrtle–Wyckoff Avenues

    1.04 miles

  • Stanhope St & Wycoff Ave - SE Corner

    1.13 miles

  • Stanhope St & Wycoff Ave - SW Corner

    1.13 miles

  • Stanhope St & Wycoff Ave - NE Corner

    1.15 miles

  • Pure Energy

    0.59 miles

  • Speedway

    0.72 miles

  • Speedy Gas

    0.73 miles

  • Gulf

    0.77 miles

  • BP

    0.79 miles

  • Exxon

    0.82 miles

  • BP

    0.84 miles

  • Shell

    0.85 miles

  • BP

    0.95 miles

  • BP

    1.18 miles

  • MMP Parking LLC

    1.15 miles

  • Havens Place Lot

    1.30 miles

  • Stop & Shop Parking

    1.98 miles

  • Cielo Garage

    2.23 miles

  • Underhill Garage

    2.30 miles

  • Kings County Parking Garage

    2.33 miles

  • The Brooklyn Museum and Botanic Garden

    2.42 miles

  • Rapid Park

    2.71 miles

  • Garfield Garage

    2.98 miles

  • NYPD Brooklyn Tow Pound

    3.07 miles

  • Neptune Hotel

    0.27 miles

  • Broadway Hotel

    0.93 miles

  • hull

    1.06 miles

  • Red Carpet Inn

    1.15 miles

  • Hotel Bogart Street, Brooklyn

    1.22 miles

  • New York Loft Hostel

    1.26 miles

  • Lexington Inn - Brooklyn NY

    1.35 miles

  • New York Moore Hostel

    1.37 miles

  • Best Western

    1.46 miles

  • Surface Inn

    1.48 miles

  • Green Harmony Market

    0.08 miles

  • Howard Marketplace

    0.15 miles

  • Associated Press

    0.25 miles

  • Key Food

    0.40 miles

  • C-Town

    0.54 miles

  • Pioneer

    0.60 miles

  • Associated Supermarket

    0.61 miles

  • Your Deal Food Corporation

    0.71 miles

  • Fine Fare

    0.74 miles

  • Associated

    0.78 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Baruch Edelkopf

Schuckman Realty