Case Study

60 Storage Units, 90% Occupancy, $1.1M Value: A Brooklyn Case Study

Written by Stuf Storage | Oct 16, 2025 10:23:38 AM
ABOUT

At a Glance

Property: 951 Madison St, Brooklyn, NY

Partner:  Gerard Real Estate (local NYC developer)

Space Converted: 3,500 sq. ft. basement

Highlights: 60 storage units | 90% occupancy in 4 months | $19 psf/year | $1.1M value uplift | Buildout cost $25 psf