Last summer, a fairly new investment company, Four Winds Real Estate, picked up a six-story walkup at 207 Madison St. for $8.5 million. All of a sudden this modest building seems a whole lot fancier.
Miron Properties has a stand-alone website to promote the tenement. The address is being billed as “the epicenter of vitality and cool” with “amazingly appointed floor plans to suit every need and amenities galore.” Â According to the site, the building includes a co-working space and a game room.
There’s a renovated 2-bedroom unit currently listed on Streeteasy for $3600 (up $900 from a 2013 listing). They’re throwing in one-month free.
At the time it was sold, the building included 22 apartments. A restaurant, El Castillo de Madison, is on the ground floor. Last year, Commercial Observer reported that the restaurant paid $47/sq. ft. on a lease that expires in 2018.
So we have until 2018 to enjoy El Castillo de Madison.
Huh? They aint been here long enough when the guns go a blazin. Its still gangster over here. Dont let a game room fool you.
Kevin Jones — note taken!!