John J. Stewart & Associates of Marcus & Millichap was the exclusive broker for the sale of 223 Madison Street, a five-story mixed-use walk-up building between Jefferson Street and Rutgers Street in Chinatown.

The subject property contains nineteen residential units and two retails units.  A mix of fifteen one-bedroom and four two-bedroom units.  All residential units are rent-stabilized.  There are also two vacant commercial units on the ground floor.

The building is located one block from the East Broadway F-train station, directly across from the newly developed Gouverneur Health Complex and four blocks south of the iEssex Crossing development which will add 1.9 million square feet of residential, commercial and community space to the area (2024 estimated completion).

• Investment Highlights:
  • Mixed-Use Walk-Up Apartment Building
  • 19 Rent Stabilized Apartments
  • Three Owner-Occupied Units
  • Two Vacant Commercial Spaces
  • One Block from East Broadway F-Train
  • Four Blocks South of Essex Crossing Development