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Sold for $1,565,000
  • $1,565,000

    573 Madison St, Brooklyn, NY 11221

    7beds
    3,600sqft
    MultiFamily
    Built in 1901
    -- sqft lot
    $2,551,700 Zestimate®
    $435/sqft
    $7,927 Estimated rent

    Home value

    $2,551,700

    $2.12M - $3.09M

    $7,927/mo

    Zestimate® history
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    Owner options

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    $7,927/mo

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    $7,927/mo

    Rent Zestimate®

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    $9,642/mo

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    $9,642/mo

    Est. payment

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    What's special

    Contact listing agent Frank Carlo with Compass for showings and more information. 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 20x45, 3,600 sqft, four story plus full basement, legal three family and 2 class B units (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 20x100 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.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 4
    Interior area
    • Total interior livable area: 3,600 sqft

    Property

    Lot
    • Size: 2,000 sqft
    Details
    • Parcel number: 016400071

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1901

    Community & neighborhood

    Location
    • Region: Brooklyn

    Price history

    DateEventPrice
    3/11/2024Listing removed--
    Source: StreetEasy Report a problem
    10/5/2023Sold$1,565,000-2.2%$435/sqft
    Source: Public Record Report a problem
    9/26/2023Pending sale$1,600,000$444/sqft
    Source: StreetEasy Report a problem
    9/26/2023Listing removed--
    Source: StreetEasy Report a problem
    7/27/2023Pending sale$1,600,000$444/sqft
    Source: StreetEasy Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,440 $102,600 -3.9%
    2023-- $106,740 +22%
    2022-- $87,480 -1.4%

    Find assessor info on the county website

    Neighborhood: Bedford-Stuyvesant

    Nearby schools

    GreatSchools rating