Map of Property

197 Madison Street

For Sale

197 Madison Street, New York, NY 10002

This New York property for sale is located at 197 Madison Street. The current listed sale price for 197 Madison Street is $11,125,000. 197 Madison Street is situated on a lot that is 0.05 acre in size.

Contacts

broker
Thomas Gammino

Lee & Associates - New York

Property Details

  • Property Type Multi-Family
  • Property Size 11,315 SF
  • Units 21
  • Lot Size 0.05 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1901
  • Date Updated May 20, 2025
Corner of Madison and Rutgers Streets197 Madison Street is a 6-story mixed-use walk up building located on the corner of Madison and Rutgers Streets. The property contains 17 residential units above 4 retail tenants spread over approximately 11,315 sf. Of the 17 residential units, 11 are free-market and 6 are rent stabilized of which 3 are combination units that qualified for first market rents. The free-market units have been renovated with condo-style finishes. In addition to being mostly free market, which is rare for the neighborhood, the property is overbuilt by 4,000 square feet and located at the steps of the F Train entrance. 197 Madison Street presents immediate strong cash flow for a well-located core asset.
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Highlights

  • Mostly Free Market (Atypical for Neighborhood)
  • Overbuilt
  • Desirable Corner Location
  • Diversified, Small Retail Units

Getting around

  • 100/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 96/100

    Bike Score ®

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Location

  • City New York, NY
  • Neighborhood Two Bridges
  • Zip Code 10002
  • Market Manhattan

Points of Interest

  • East Broadway (F)

    0.00 miles

  • Delancey Street

    0.41 miles

  • Allen St & Houston St

    0.70 miles

  • 1 Avenue & Houston St

    0.72 miles

  • Spring Street

    0.75 miles

  • Second Ave (F,V)

    0.77 miles

  • Nassau Street & Frankfort Street at Southeast Corner

    0.78 miles

  • York Street

    0.81 miles

  • Houston Street & Lafayette Street at Southeast Corner

    0.88 miles

  • Houston Street & Lafayette Street at Northeast Corner

    0.89 miles

  • Blink

    0.31 miles

  • Tesla Supercharger

    0.31 miles

  • ChargePoint

    1.09 miles

  • Mobil

    1.31 miles

  • Emporium

    1.51 miles

  • BP

    1.67 miles

  • Citgo

    1.75 miles

  • Sunoco

    1.81 miles

  • Shell

    2.08 miles

  • 88 Madison Street Parking

    0.30 miles

  • Christie Garage

    0.40 miles

  • iPark

    0.43 miles

  • Delancey & Essex Municipal Garage

    0.47 miles

  • Park Kwik

    0.62 miles

  • Edison Park Fast

    0.64 miles

  • MPG

    0.78 miles

  • Beekman Parking

    0.85 miles

  • Icon Parking

    0.86 miles

  • Enterprise Ann Parking

    0.86 miles

  • Madison Les Hotel

    0.13 miles

  • Fairfield Inn & Suites

    0.14 miles

  • Hotel91

    0.19 miles

  • Hotel Richland

    0.20 miles

  • Hotel Mimosa

    0.21 miles

  • Canal Loft Hotel

    0.25 miles

  • Leon Hotel

    0.34 miles

  • The Allen Hotel

    0.36 miles

  • Hotel MB

    0.37 miles

  • Manhattan Bowery Lodge

    0.38 miles

  • 99 Cents And Up Store, Inc

    0.06 miles

  • FMN General Store

    0.14 miles

  • Chinatown Supermarket of Manhattan

    0.15 miles

  • New York Mart

    0.21 miles

  • East Broadway Mall

    0.23 miles

  • Chao Hui Grocery Store

    0.24 miles

  • Fine Fare Supermarket

    0.25 miles

  • Target

    0.30 miles

  • Trader Joe's

    0.30 miles

  • Super A Mart

    0.41 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Thomas Gammino

Lee & Associates - New York

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