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585 Madison Street, Brooklyn, NY 11221 Property Information

585 Madison Street, Brooklyn, NY 11221 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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585 Madison Street, Brooklyn, NY 11221 1
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Address

Primary address 585 Madison Street
Neighborhood Bedford-Stuyvesant
Zip code 11221
Borough Brooklyn
Block & lot 01640-0065

Sales & Tax Overview for 585 Madison Street, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 04/29/2014
Purchase price $1,250,000
Tax class
Estimated property tax $12,137

Lot & Building Information for 585 Madison Street, Brooklyn

Lot sqft 2,000
Lot dimensions 20 ft x 100 ft
Building class Over Six Families without Stores (C1) i
Building sqft 3,150
Building dimensions 20 ft x 45 ft
Buildings on lot 1
Stories 4
Year built 1931
Construction type
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Zoning & Use for 585 Madison Street, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 8
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 16
Community district 3
Closest police station 0.52 Miles
Closest fire station 0.17 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 585 Madison Street, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 585 Madison Street, Brooklyn, NY 11221, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 585 Madison Street, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 585 Madison Street, Brooklyn

What is the year built & the total sq. ft. for 585 Madison Street, Brooklyn, NY 11221?

585 Madison Street, Brooklyn, NY 11221 was built in 1931 and has a total of 3,150 square feet.

What is the assessed value of 585 Madison Street, Brooklyn, NY 11221 and the property tax paid?

Assessed at $321,300, the tax amount paid for 585 Madison Street, Brooklyn, NY 11221 is $11,238. For the next year, the tax amount for 585 Madison Street, Brooklyn, NY 11221 is estimated at $12,137.

When was 585 Madison Street, Brooklyn, NY 11221 last sold and what was the last sale price?

585 Madison Street, Brooklyn, NY 11221 was last sold in 04/29/2014 for $1,250,000.

How many residential units does this building have?

This building has 8 residential unit(s).

Ownership Information for 585 Madison Street, Brooklyn

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Property owner name for 585 Madison Street, Brooklyn, NY 11221
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Building contacts for 585 Madison Street, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
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New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 585 Madison Street, Brooklyn

Create a free account to view the complete sales history for 585 Madison Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
04/29/2014 $1,250,000

Title Documents for 585 Madison Street, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
09/18/2020 - R UCC3 Termination
(2020090900912007)
09/18/2020 - R Initial UCC1
(2020090900912005)
08/27/2020 - D
09/18/2020 - R
Termination of Assign of L&R
(2020090900912006)
08/27/2020 - D
09/18/2020 - R
Assignment of Leases and Rents
(2020090900912004)
08/27/2020 - D
09/18/2020 - R
Agreement
(2020090900912003)
08/27/2020 - D
09/18/2020 - R
Assignment, Mortgage
(2020090900912002)
08/27/2020 - D
09/18/2020 - R
Mortgage
(2020090900912001)
04/08/2020 - R UCC3 Continuation
(2020040800549001)
04/29/2015 - R Initial UCC1
(2015040900630005)
03/25/2015 - D
04/29/2015 - R
Assignment, Mortgage
(2015040900630001)
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R: Recorded date
D: Document date

Property Taxes for 585 Madison Street, Brooklyn

Access detailed property tax data for 585 Madison Street, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $11,238
Estimated property tax: $12,137
Tax assessor's market value: $714,000
Assessed value: $321,300

Assessment History for 585 Madison Street, Brooklyn

Here's the assessment & property tax history for 585 Madison Street, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $714,000 $321,300 $90,347 12.439% $11,238 $11,238 +7.47%
2024/25 $595,200 $267,840 $83,655 12.5% $10,457 $10,457 -0.02%
2023/24 $496,000 $223,200 $83,655 12.502% $10,459 $10,459 +5.18%
2022/23 $413,000 $185,850 $81,060 12.267% $9,944 $9,944 +8.28%
2021/22 $330,600 $148,770 $75,057 12.235% $9,183 $9,183 +7.71%

Permits for 585 Madison Street, Brooklyn

The complete history of permits filed for 585 Madison Street, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
06/19/2014 Alteration type 2
06/11/2014 Alteration type 2
         
         
         
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q3/2025
$495
3.7% YoY
Median Price/Sqft Q2/2025
$503
7% YoY
Median Price/Sqft 2024
$470
2.1% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Stuyvesant Ave & Fulton St at NW Corner
Station lines A-C
Distance (miles) 0.516
View subway map
Bus Routes
Name Lewis Av/Madison St
Line B15
Distance (miles) 0.088

Neighbors for 585 Madison Street, Brooklyn

Here are the neighbors for 585 Madison Street, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
575 Madison St, Brooklyn 2,700 11/30/1989
597 Madison St, Brooklyn 3,600 06/21/2016 $1,337,000
599 Madison St, Brooklyn 3,600 01/12/2026
599 A Madison St, Brooklyn 2,364 02/01/1996
603 Madison St, Brooklyn 2,364 04/21/1983
587 Madison St, Brooklyn 3,600 02/19/2016 $1,425,000
589 Madison St, Brooklyn 3,600 08/15/2001
591 Madison St, Brooklyn 2,250 06/23/2014 $850,000
569 Madison St, Brooklyn 3,600 04/06/2021 $1,995,000
583 Madison St, Brooklyn 3,600 03/27/2015 $1,175,000
573 Madison St, Brooklyn 3,600 10/31/2024
565 Madison St, Brooklyn 3,600 11/23/2001
593 Madison St, Brooklyn 3,600 04/20/2021 $1,699,000
581 Madison St, Brooklyn 3,150 11/20/2020 $1,600,000
571 Madison St, Brooklyn 3,600 06/22/2023 $1,790,000
595 Madison St, Brooklyn 3,600 05/06/2016 $1,425,000
601 Madison St, Brooklyn 2,364 01/30/2025 $2,460,000
579 Madison St, Brooklyn 2,700 09/18/2023
567 Madison St, Brooklyn 3,600 03/12/2010
563 Madison St, Brooklyn 3,600 07/13/2011
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