585 Madison Street, Brooklyn, NY 11221 Property Information
585 Madison Street, Brooklyn, NY 11221 Property Information
- General
- Owner
- Documents
- Tax
- Permits
- Neighborhood
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 | Register |
| Estimated property tax | $12,137 |
Lot & Building Information for 585 Madison Street, Brooklyn
| Lot sqft | 2,000 |
| Lot dimensions | |
| Building class | Over Six Families without Stores (C1) |
| Building sqft | 3,150 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 4 |
| Year built | 1931 |
| Construction type | Register |
Area Overview
| 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
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About 585 Madison Street, Brooklyn
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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Past Sales & Property History for 585 Madison Street, Brooklyn
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| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 04/29/2014 | $1,250,000 | Register | Register |
Title Documents for 585 Madison Street, Brooklyn
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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.
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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.
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Risk
| FEMA flood zone(s): | X (See more on map) |
Transportation
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Distance to Subway
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| Closest station | Stuyvesant Ave & Fulton St at NW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | A-C | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.516 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| 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 |