This Game Room at 207 Madison Street has Brokers in a Tizzy

Posted on: June 8th, 2015 at 5:13 am by
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Four Winds Real Estate is desperate to populate its nascent Lower East Side investment. A year after the company purchased 207 Madison Street for $8.5 million, the six-story walkup is now repositioned as “The Madison.” The redeveloped tenement is now well-suited for beer pong-playing post-collegiates with deep pockets.

There are twenty-two 2BR and 3BR units ranging from $3,400 – $4,500. That rent also gets you access to an exclusive (!) cellar rec room (“The Under Club”) with “unique work-play environment” that includes a vintage game room. It is this amenity on which Four Winds is banking. Indeed, just grab a look at the website – there aren’t any images of the apartments themselves, only the lounge space.

Miron Properties is the brokerage repping 207 Madison Street. A quick peek at Craigslist reveals that its brokers are really pitching the property hard. Those prices seem pretty high for the area, though.

Four Winds Real Estate also owns the Gotham Court development on Ludlow Street in Hell Square.

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