637 Madison Street, Brooklyn, NY 11221
- Price 999,000
- Property Type Development
- City Brooklyn
- State NY
- Zip 11221
- Buildable SF 5900
637 Madison Street is located between Stuyvesant Avenue and Malcolm X Boulevard in the Bedford-Stuyvesant neighborhood of Brooklyn (Block: 01641 Lot: 0166). The property features 5,900 buildable square feet as-of-right based on R6B zoning. The lot measures 23 ft x 100 ft for a total of 2,300 square feet.
These properties are located in a rapidly developing section of Bedford-Stuyvesant, with proximity to both the Utica Avenue “A,C” and Gates Avenue “J,Z” Subway Stations, providing for an easy commute to Manhattan and Downtown Brooklyn. Stuyvesant Avenue and Malcolm X Boulevard are going through a period of revitalization with numerous large developments recently completed and in construction. Local condo sales are averaging $750/SF.
637 Madison Street offers investors and developers the opportunity to purchase a prime residential development property in a neighborhood where local rents and property values have remained strong.