$5,000,000
Updated 4 years ago
Off Market

217 Madison Street

Lower East Side, Manhattan | Rutgers Street & Jefferson Street

10,230 Square FeetMixed Use

$5,000,000
floors / apts6 / 20
Lot Size16'x60'
ZoneR7-2
Building TypeLow-Rise
RE Taxes$79,117
Price Per SF
$489

Building Amenities

  • Voice Intercom

Property Description for 217 Madison Street

Two five-story mixed-use walkup building between Rutgers and Jefferson Streets. 217-219 Madison St for sale for $9,000,000. The subject property contains twenty one/two bedroom rent stabilized apartments and two stores. The property measures 26 feet by 90 feet totaling approximately more than 11,700 square feet of livable space and sits on a 26x100 foot R7-2 zoned lot. In addition, the building has a cellar with another additional partial basement which is good for storage. The boiler & heat has been updated on 2019 and approximately 4.5% cap rate. The building is neither landmarked nor in a historic district. The subject property is one minute away from the East Broadway F-train station and M22 bus station is in front of the building. The property is one block away from Gouverneur Hospital, which is the largest freestanding ambulatory care center in New York State and serves approximately 50,000 patients a year. Quick and easy access to the FDR Drive.

Building Details for 217 Madison Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts6/20
Learn More About the Building

Contact Agents

Contact Agents

Ying (Cindy) Chen
E House Realty & Management Inc.
Zhong (Paul) Chen
E House Realty & Management Inc.

Lower East Side | Manhattan

Quick Profile

Bursting with energy at every turn, the Lower East Side is one of the most historic neighborhoods in all of Manhattan. Rooted in immigrant history, the bulk of European and Eastern European migration that occurred in the late nineteenth through the early twentieth century took place here, where the Tenement Museum remains one of the best ways to become acquainted with how early residents of the neighborhood lived.

The unique and eclectic mix of building styles--ranging from low- and high-rises to luxury and historic buildings--begins immediately upon entering the area via the Manhattan or Brooklyn Bridge, known as Two Bridges, itself a neighborhood that has also long been known for its immigrant population. With its historic district placed in the National Register of Historic Places, many of its oldest churches, such as Mariners Temple and St. James Church remain a preserved part of the district’s storied past. 

While the LES has long been a hub for aspiring musicians and artists, the area has increasingly transformed its demographic as it welcomes a more affluent sect of residents with the advent of condos and luxury spaces.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 84050TH