197 Madison Street

197 Madison Street, New York, NY 10002

  • For Sale $11,125,000
  • 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

Contacts

broker
Thomas Gammino

Lee & Associates - New York

Location

Getting Around

  • Walk Score ®

    100/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    96/100 Biker's Paradise
Powered by Walk Score ®
  • 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

  • Lamar's Bagel Express

    0.00 miles

  • Kennedy Fried Chicken

    0.00 miles

  • Forever Taste Restaurant

    0.02 miles

  • Dunkin'

    0.03 miles

  • El Castillo De Manhattan

    0.04 miles

  • McDonald's

    0.05 miles

  • Madison St Pizza

    0.07 miles

  • Cheong Fun Cart on Rutgers

    0.08 miles

  • Wu's Wonton King

    0.08 miles

  • Casino

    0.09 miles

  • Public School 2

    0.06 miles

  • Talent Prep

    0.08 miles

  • Junior High School 56

    0.22 miles

  • Public School 184m

    0.27 miles

  • Intermediate School 131

    0.30 miles

  • Manhattan Bridges High School

    0.31 miles

  • Seward Park High School

    0.31 miles

  • New Design High School

    0.31 miles

  • High School for Dual Language and Asian Studies

    0.32 miles

  • University Neighborhood High School

    0.32 miles

  • Metrokids Preschool

    0.24 miles

  • Bright Horizons

    0.32 miles

  • Swan

    0.43 miles

  • Elements Preschool

    0.46 miles

  • Oasis Downtown Day Camp

    0.56 miles

  • All My Children Daycare & Nursery

    0.57 miles

  • CPC Chung Pak Day Care Center

    0.60 miles

  • First Steps Academy

    0.63 miles

  • Esciela Hispana Montessori

    0.65 miles

  • The Dumbo Gan

    0.68 miles

Frequently Asked Questions

How much does 197 Madison Street cost?

The space currently listed for sale at 197 Madison Street asks for $11,125,000.

What is the total square footage of 197 Madison Street?

197 Madison Street totals 11,315 square feet.

When was this property built?

197 Madison Street was built in 1901.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Thomas Gammino

Lee & Associates - New York

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