573 Madison Street

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 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, wainscoting, 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. 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.