651 Madison Street, C-8

Welcome to 651 Madison Street, a stunning pre-war building constructed in 1931 and located in Stuyvesant Heights. Stuy-Heights, part of rapidly gentrifying Bedford-Stuyvesant, is one of Brooklyn's most historic enclaves, packed with classic brownstones, grand old apartment buildings and picturesque, tree-lined and sun-soaked streets. Centrally situated between several fresh and hip coffee shops, restaurants and bars, this property is steps from the A, C and J subway lines.Along the route of the J line, you will find hipster watering holes like Flowers For All Occasions, The Looking Glass, Lone Wolf and Marco's, as well as culinary gems like Grandchamps, Asaba Kitchen, T-Roc Homestyle Cooking, Brooklyn Beso, Tama, Soldier and Nana Ramen. Other tried-and-true neighborhood restos include Cheri's Bed-Stuy, Bed-Stuy Fish Fry, Peaches, L'Antagoniste, Chez Oskar and Mama Fox. Apartment #C-8 is a third-floor walk-up in need of complete renovation. This co-op unit is being sold by the estate of the original shareholder. Currently there is no access to the apartment to take photographs or for showings. I'st located in an HDFC (income-restricted) building, and the board is in the process of assembling an application package for prospective buyers. The co-op is self-managed. It is in the early stages of gentrification and does not yet have any historical financial data, minutes or other records suitable for due diligence research. A copy of the coop's offering plan and information about possible lender financing is available upon request. Contact us if you wish to be notified when showings are being scheduled.