Map of Property

848 Madison St

848 Madison St, Brooklyn, NY 11221

  • For Sale $3,500,000
  • 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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Contacts

broker

Baruch Edelkopf

Schuckman Realty

Location

Getting Around

  • Walk Score ®

    89/100 Very Walkable

  • Transit Score ®

    96/100 Rider's Paradise

  • Bike Score ®

    68/100 Bikeable
Powered by Walk Score ®
  • 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

  • Toad Style

    0.06 miles

  • Crown Fried Chicken

    0.08 miles

  • Indian Curry Heights

    0.13 miles

  • McDonald's

    0.14 miles

  • Twin Grills

    0.19 miles

  • Weng's Garden

    0.21 miles

  • Bed-Stuy Fish Fry

    0.23 miles

  • Grandchamps

    0.24 miles

  • Cuts and Slices

    0.24 miles

  • Greedi Kitchen

    0.27 miles

  • Junior Academy

    0.15 miles

  • Brooklyn High School for Law and Technology

    0.17 miles

  • Public School 5

    0.17 miles

  • Public School 299

    0.40 miles

  • Public School 21

    0.52 miles

  • Public School 137

    0.52 miles

  • Public School 40 George W. Carver

    0.53 miles

  • Junior High School K057 Whitelaw Reid

    0.56 miles

  • K385 School of Business Finance and Entrepreneurship

    0.57 miles

  • Public School 129

    0.60 miles

  • Audrey Johnson Day Care Center

    1.05 miles

  • Brooklyn Kids Academy

    1.29 miles

  • Little Sun People

    1.31 miles

  • Bambi Day Care Center

    1.43 miles

  • Simcha Tots

    1.45 miles

  • Our Children The Leaders of Tomorrow

    1.55 miles

  • Friends of Crown Heights Educational Center

    1.58 miles

  • Garden of Learning

    1.61 miles

  • Mi Casita

    1.64 miles

  • Park Place Day Care

    1.71 miles

Frequently Asked Questions

How much does 848 Madison St cost?

The space currently listed for sale at 848 Madison St asks for $3,500,000.

What is the total square footage of 848 Madison St?

848 Madison St totals 5,600 square feet.

When was this property built?

848 Madison St was built in 1931.

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Contact Listing Broker

broker

Baruch Edelkopf

Schuckman Realty