197 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.