NOT LISTED FOR SALE

Estimated Value: $1,606,000 - $1,728,000

7 Beds
4 Baths
3,600 Sq Ft
$467/Sq Ft Est. Value

Last Sold September 26, 2023

Last sale price $1,600,000 $444 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $9,196/month

257 Days on Market

About This Home

As of September 2023

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 2045, 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 20100 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.

Last Agent to Sell the Property

Frank Carlo

Compass License #10301213726 Listed on: 07/05/2023

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 20.0 x 100.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,600 Sq Ft Home
  • 4-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Community Details

  • Stuyvesant Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 71 / 1640

Property Details

Home Type

Multi-Family

Year Built

Built in 1901

Lot Details

2,004 Sq Ft Lot

Listing Details

  • Cross Street: Lewis Avenue/Stuyvesant Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Stuyvesant Heights
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 3600.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 7

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • Total Stories: 4
  • Year Built: 1901

Tax Info

  • Tax Block: 1640
  • Tax Lot: 71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2024
Sold by
Burlyuk Anastasia and Ryazanova Tetyana
Bought by
573 Madison Llc
Current Estimated Value
$1,680,385

Purchase Details

Listed on
Jul 5, 2023
Closed on
Sep 26, 2023
Sold by
Boneo Brandon Kalif and Grimes Ashley D
Bought by
Burlyuk Anastasia and Ryazanova Tetyana
Seller's Agent
Frank Carlo
Compass
List Price
$1,600,000
Sold Price
$1,600,000
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.00%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
573 Madison Llc -- --
573 Madison Llc -- --
Burlyuk Anastasia $1,565,000 --
Burlyuk Anastasia $1,565,000 --
Burlyuk Anastasia $1,565,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2023 09/26/23 Sold $1,600,000 0.0% $444 / Sq Ft
07/26/2023 07/26/23 Pending -- -- --
07/05/2023 07/05/23 For Sale $1,600,000 0.0% $444 / Sq Ft
11/20/2022 11/20/22 Off Market $1,600,000 -- --
11/10/2022 11/10/22 For Sale $1,600,000 -- $444 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,440 $107,580 $23,340 $84,240
2024 $5,440 $102,600 $23,340 $79,260
2023 $5,166 $106,740 $23,340 $83,400
2022 $4,769 $87,480 $23,340 $64,140
2021 $4,732 $88,680 $23,340 $65,340
2019 $4,429 $99,000 $23,340 $75,660
2018 $4,261 $22,363 $5,712 $16,651
2017 $4,003 $21,105 $5,589 $15,516
2016 $3,671 $19,911 $6,854 $13,057
2015 $2,182 $19,905 $9,387 $10,518
2014 $2,182 $18,810 $10,650 $8,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10892785

Real Estate Board of New York (REBNY)

APN: 01640-0071

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