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Image 1 - 958 Madison Street, New York, NY 11221, USA - House for sale
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Home For Sale In Brooklyn, New York
958 Madison Street, New York, NY 11221, USA

Home For Sale In Brooklyn, New York

house for sale
19 views
Listed: 01/21/24

958 Madison Street, New York, NY 11221, USA

8 Bed:
4.5 Bath:
3,750 Sq Ft Living Area:
Save
Price
$ 2,1M

About This House

Wait no longer. This is the turn-key high income producing investment you are looking for. This is a 3-family 18.75 ft X 50 ft house on 18.75 ft X 100 ft lot in Bushwick with a recent renovation which is perfectly configured for maximum revenue. All 3 apartments feature gourmet kitchen with quartz counters and central air. There are 3 story plus finished basement which has a separate entrance at the lower level. There is a shared coin-operated laundry set up in the basement.All units are tenant occupied now with legal leases until May 2023. Projected Cap rate is +6%.Set up sheet available upon request. Please allow 48 hr notice to set up private showing.

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New York Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In April 2024, the asking price for 2 bed houses for sale in/near New York, United States averaged $879,422, a decrease of 13.4% from the previous month.
Median price trends for properties for sale in New York, United States as of April 2024.

Household Income

Median household income: $63,799
Number of households: 3,2M
The average household income in New York, NY grew from $60,879 to $63,799 in the past year. This data is an estimate based upon 3,2M households in New York, NY.
The chart below presents how household income is distributed in New York, NY in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New York, NY compared to median property taxes around the country. The prevalent amount of property taxes in New York, NY equals $3k+ , which is more than the national average.