83 Madison Street, New York, NY 10002

83 Madison Street is a 3-story vacant former convent building located on the north side of Madison Street between Market and Catherine Streets in the Two Bridges neighborhood of Manhattan. The property was previously set up with common space and a kitchen on the ground floor and bedrooms with common bathrooms on the upper floors. There is light and air on all four sides and a curb cut for the side yard/driveway. The building needs a complete gut renovation but the structure is in good condition. The ceiling heights on the ground floor range from 9’ to 11’, the upper floors are 9.5’ and the basement is 10+’. The building is prime for a residential conversion and extension, utilizing the additional 9,478 residential ZFA to create a 17,000+ SF free market rental or condo building. There are additional air rights for community facility use as well.