Listed by SERHANT
$985,000
200 Madison Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,220
Units 6
Cap Rate 7.12%
Tenancy Multi
Class A
Year Built 1900
Stories 2
Lot Size (SqFt) 2,500
Zoning R-25
Investment Type Value Add
Value-Add | 7.12% CAP | 6-Units
Investment highlights
- The property is a value-add, corner, 6-unit apartment building with parking
- Apartments consist of three 1B/1BA and three 2B/1BA units
- 18% upside in apartment rents
- 2,500sf lot is zoned for single and 2-family redevelopment
- Sea Gate redevelopment project will introduce 602 new housing units to the waterfront
Listing Contacts
Listed by SERHANT
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Zoning
R-25 ResidentialTwo FamilyOne And Two Family Residential
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View all 16 uses
View all 16 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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