626 Madison St
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626 Madison St
4 Unit Apartment Building $3,247,200 CAD ($811,800 CAD/Unit) Brooklyn, NY 11221
INVESTMENT HIGHLIGHTS
- Call or Text Baruch at (718) 964-9048 for more information today!
EXECUTIVE SUMMARY
626 Maddison St is a fully detached four-family brownstone located in Bedford Stuyvesant. The property was fully renovated in 2015 and has separate central air systems. Private porches were added for all the upper floors allowing for great open space. The building has windows on three sides and is currently laid out as one 1- bedroom and three 2-bedroom apartments, but the current layouts are not the highest and best use as each unit can easily be a three bedroom two bath unit. The building requires a light renovation including upgrading the current units with a more efficient layout with additional bedrooms and upgrading the kitchens and bathrooms.
FINANCIAL SUMMARY (PRO FORMA - 2022) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$224,273
|
$54.97
|
| Other Income |
$17,318
|
$4.24
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$241,592
|
$59.21
|
| Taxes |
$7,431
|
$1.82
|
| Operating Expenses |
$13,119
|
$3.22
|
| Total Expenses |
$20,550
|
$5.04
|
| Net Operating Income |
$221,042
|
$54.18
|
FINANCIAL SUMMARY (PRO FORMA - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $224,273 |
| Annual Per SF | $54.97 |
| Other Income (CAD) | |
|---|---|
| Annual | $17,318 |
| Annual Per SF | $4.24 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $241,592 |
| Annual Per SF | $59.21 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,431 |
| Annual Per SF | $1.82 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,119 |
| Annual Per SF | $3.22 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,550 |
| Annual Per SF | $5.04 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $221,042 |
| Annual Per SF | $54.18 |
PROPERTY FACTS
UNIT AMENITIES
- Balcony
- Storage Space
- Washer/Dryer
- Security System
- Ceiling Fans
- Crown Molding
- Hardwood Floors
- Sprinkler System
- Stainless Steel Appliances
- Yard
- Basement
- Patio
- Porch
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Fenced Lot
- Vintage Building
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $4,402 CAD | 910 |
| 1+1 | 2 | - | 816 - 910 |
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Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (97)
PROPERTY TAXES
| Parcel Number | 01645-0033 | Total Assessment | $471,780 CAD (2024) |
| Land Assessment | $10,212 CAD (2024) | Annual Taxes | $7,431 CAD ($1.82 CAD/SF) |
| Improvements Assessment | $461,568 CAD (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
01645-0033
Land Assessment
$10,212 CAD (2024)
Improvements Assessment
$461,568 CAD (2024)
Total Assessment
$471,780 CAD (2024)
Annual Taxes
$7,431 CAD ($1.82 CAD/SF)
Tax Year
2022
ZONING
| Zoning Code | R6B (R6 - Medium density residential district) |
| R6B (R6 - Medium density residential district) |
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626 Madison St
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