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109 Madison StNew York, NY 10002
109 Madison Street
Asset ClassMultifamily, Mixed Use, Retail
Cap Rate6.5%
# Units: 22Access Data Room
Value-Add Mixed-Use | Two Bridges

Overview

109 Madison Street is a 6-story, 9,480 square foot mixed-use walkup consisting of a ground-floor laundromat, 18 free market, 2 occupied rent-stabilized, and 2 vacant rent-stabilized units. The residential layouts include 19 2-bed/1-bath units, 2 2-bed/2-bath units, and 1 2-bed/2-bath with private rear yard access. The property runs efficiently as tenants pay for their own gas and electric, and solar panels on the roof provide electic for the building's common areas. 109 Madison Street borders Two Bridges, Chinatown, and the Lower East Side and presents immediate cash flow and future upside in rental growth. Since 2014, the Two Bridges neighborhood showed the highest increase in sales prices across Manhattan driven by rental demand and an influx of luxury residential development. 109 Madison Street offers incredible opportunity to capitalize on the neighborhood's continued growth and prosperity.

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109 Madison StNew York, NY 10002

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Listing provided by Revere CRE