by RH Advisors

See Home Value
$1,600,000
Multifamily - Off Market

573 Madison Street #BUILDING

Brooklyn, NY 11221
bedrooms
7 Beds
bathrooms
4 Baths
square feet
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.
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Nov 20, 2022 Withdrawn -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


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
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
-
Multifamily
6 Beds
2 Baths
2,653 ft²
$547/ft²
$1,450,000 Dec 13, 2022
-
-
Multifamily
6 Beds
3 Baths
2,820 ft²
$656/ft²
$1,849,000 Aug 8, 2022
-
-
Multifamily
6 Beds
4 Baths
2,500 ft²
$660/ft²
$1,650,000 Oct 19, 2021
-
-
Multifamily
7 Beds
3 Baths
-
$1,500,000 Aug 15, 2023
-
-
Multifamily
7 Beds
3 Baths
-
$1,799,999 Mar 29, 2023
-
$349/mo
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
20230705 Unit BUILDING
07/05/2023
7 Bed
4 Bath
3600 ft²
$1,600,000
bedrooms
7 Bed
bathrooms
4 Bath
square feet
3600 ft²
$1,600,000
09/26/2023
-
Frank Carlo
Compass

Building Info

573 Madison Street 573 Madison Street, Brooklyn, NY 11221
  • 3 Units
More about this Building
573 Madison Street
Want to find out who owns 573 Madison Street, Brooklyn, NY 11221? Get detailed property transactions here .

About Northern Brooklyn


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