INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 1878 Madison Street. The subject property is located on the east side of Madison Street between Woodward and Onderdonk Avenues. The building is a six (6) unit multifamily building, of which five (5) units are rent stabilized and one (1) unit is free market. Unit 1L is renting well below legal rent which would allow an investor to realize upside upon turnover. Additionally, the free market unit (3R) is renting below market and an investor would likely convert the unit into a three-bedroom apartment and realize a rent of $3000/month.