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Map
$1,600,000
●
Multifamily -
Off Market
573 Madison Street #BUILDING
Brooklyn, NY 11221
7 Beds
4 Baths
3600 Sqft
$1,603,161
RealtyHop Estimate
0.20%
Since Oct 1, 2023
NY-New York
Primary Model
About This Property
Please note this is an SRO with a certificate of no harassment.
Property to be delivered vacant and sold as is.
Calling all developers/investors!
Welcome to 573 Madison Street located on one of the most coveted Brownstone streets in bucolic Stuyvesant Heights! This 4 story southern exposure brownstone is nestled on a tree lined block between two churches on Madison Street between Stuyvesant Avenue and Lewis Avenue. The block features stately brownstones with slate side walks and has a real sense of community.
Endless possibilities await you here for this 2045, 3,600 sqft, four story plus full basement, legal three family (currently configured as a two family) on a treelined brownstone block nestled between Lewis and Stuyvesant in the heart of Stuyvesant Heights!
Original details galore include original moldings, wainscoting, shutters, newell posts, original fireplaces, pocket doors and more! Zoned R6B and situated on a 20100 lot in an opportunity zone allows for 4,000 buildable sqft which is ideal for a massive, customized townhome or a condominium conversion development project.
Similarly priced brownstones have only 3 stories or narrow lots that severely compromise space, utility, and opportunity. All information is deemed reliable but should be independently verified, buyer is responsible for their own due diligence.
The property is located just a short walk to the Utica A train express subway station. The area offers terrific dining establishments within a short walking distance such as Mama Fox, Chez Oskar, The Wilky, Saraghina and Peaches.
There are numerous local parks that feature playgrounds, basketball and tennis courts. Nearby public transportation includes the express A, C, J and Z subways. Schools are within the immediate area such as the acclaimed Coop School only a few short blocks away.
Property to be delivered vacant and sold as is.
Calling all developers/investors!
Welcome to 573 Madison Street located on one of the most coveted Brownstone streets in bucolic Stuyvesant Heights! This 4 story southern exposure brownstone is nestled on a tree lined block between two churches on Madison Street between Stuyvesant Avenue and Lewis Avenue. The block features stately brownstones with slate side walks and has a real sense of community.
Endless possibilities await you here for this 2045, 3,600 sqft, four story plus full basement, legal three family (currently configured as a two family) on a treelined brownstone block nestled between Lewis and Stuyvesant in the heart of Stuyvesant Heights!
Original details galore include original moldings, wainscoting, shutters, newell posts, original fireplaces, pocket doors and more! Zoned R6B and situated on a 20100 lot in an opportunity zone allows for 4,000 buildable sqft which is ideal for a massive, customized townhome or a condominium conversion development project.
Similarly priced brownstones have only 3 stories or narrow lots that severely compromise space, utility, and opportunity. All information is deemed reliable but should be independently verified, buyer is responsible for their own due diligence.
The property is located just a short walk to the Utica A train express subway station. The area offers terrific dining establishments within a short walking distance such as Mama Fox, Chez Oskar, The Wilky, Saraghina and Peaches.
There are numerous local parks that feature playgrounds, basketball and tennis courts. Nearby public transportation includes the express A, C, J and Z subways. Schools are within the immediate area such as the acclaimed Coop School only a few short blocks away.
Unit Size
3,600Ft²
Days on Market
83 days
Land Size
-
Price per sqft
$444
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1901
Last updated: 8 months ago (RLS #OLRS-0088774)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 26, 2023 | Sold | $1,600,000 | |
Sold | |||
Jul 27, 2023 | In contract | - | |
In contract | |||
Jul 5, 2023 | Listed by Compass | $1,600,000 | |
Listed by Compass | |||
Nov 20, 2022 | Withdrawn | - | |
Withdrawn |
Property Highlights
Interior Details
Bedroom Information
Bedrooms: 7
Bathroom Information
Full Bathrooms: 4
Room Information
Rooms: 14
Exterior Details
Property Information
Year Built: 1901
Lot Information
Lot Size Dimensions: 20.0 x 100.0
Land Information
Land Assessed Value: $0
Financial Details
Tax Assessed Value: $26,836
Tax Year: 2023
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Multifamily
6
Beds
4
Baths
3,420 ft²
$482/ft²
$1,650,000
Mar 23, 2023
$1,650,000
Sep 27, 2023
-
Multifamily
6
Beds
5
Baths
3,600 ft²
$525/ft²
$1,890,000
Dec 18, 2020
$1,890,000
Feb 28, 2023
-
Multifamily
6
Beds
3
Baths
3,640 ft²
$515/ft²
$1,875,000
Jul 6, 2017
$1,875,000
Nov 30, 2017
-
Townhouse
6
Beds
3
Baths
3,640 ft²
$515/ft²
$1,875,000
Jul 6, 2017
$1,875,000
Nov 30, 2017
$406/mo
Multifamily
7
Beds
5
Baths
-
$1,790,000
Jun 23, 2023
$1,790,000
Jun 23, 2023
-
Multifamily
5
Beds
4
Baths
3,600 ft²
$389/ft²
$1,399,000
Sep 29, 2015
$1,399,000
Dec 4, 2015
-
In Contract
Multifamily
6
Beds
2
Baths
2,653 ft²
$547/ft²
$1,450,000
Dec 13, 2022
-
-
In Contract
Multifamily
6
Beds
3
Baths
2,820 ft²
$656/ft²
$1,849,000
Aug 8, 2022
-
-
In Contract
Multifamily
6
Beds
4
Baths
2,500 ft²
$660/ft²
$1,650,000
Oct 19, 2021
-
-
Active
Multifamily
5
Beds
4
Baths
3,776 ft²
$490/ft²
$1,850,000
Jul 29, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
07/05/2023
|
7 Bed
|
4 Bath
|
3600 ft²
|
$1,600,000
7 Bed
4 Bath
3600 ft²
|
$1,600,000
09/26/2023
|
-
|
Frank Carlo
Compass
|