Updated 4 years ago
Off Market
573 Madison Street
Bedford Stuyvesant, Brooklyn | Lewis Ave & Stuyvesant Ave
14 Rooms7 Beds4 Baths3,600 Square FeetMulti-Family
$1,600,000
floors / apts4 / 3
Lot Size20'x100'
Built Size20'x45'
ZoneR6B
Building TypeTownhouse
RE Taxes$5,056
Price Per SF
$444
Listing Features
- Original Details
Property Description for 573 Madison Street
Calling all end-users and developers/investors! Endless possibilities await you here for this 20×45, 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, wainscotting, shutters, newell posts, original fireplaces, pocket doors and more!
Zoned R6B and situated on a 20×100 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.
Listing History for 573 Madison Street
Now
11/19/2022
TOM by Frank Carlo
Compass
11/09/2022
$1,600,000
Initial Price by Frank Carlo
Compass
Building Details for 573 Madison Street
OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts4/3
Transit and Citi Bike
Citi Bike
Lewis Ave & Madison St
0.07 miles
Stuyvesant Ave & Gates Ave
0.13 miles
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and 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: 88774TH
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