Kings  »  11221  »  Madison St  »  585 Madison St

585 Madison Street, Brooklyn, NY 11221 - Property report

Also known as: 585 Madison St

Property image for 585 Madison Street, Brooklyn, NY 11221
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Property type

Over Six Families without Stores (C1)

Year built

1931

Lot sq. ft.

2,000

Sale price

$1,250,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

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

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
3,150
Building dimensions
20 ft x 45 ft
Buildings on lot
1
Stories
4
Year built
1931
Building material
Sales
Sale date
04/29/2014
Sale price
$1,250,000
Tax
Tax year
2026-2027
Property tax
$12,137
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
8
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
20 ft x 100 ft
Lot sq. ft.
2,000

Area overview

Walk score
84 /100.  Very Walkable
Transit score
96 /100.  Rider's Paradise
Bike score
68 /100.  Bikeable
School district
16
Community district
3
Closest police station
0.52 Miles
Closest fire station
0.17 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 585 Madison Street, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 585 Madison Street, Brooklyn, NY 11221

Sale date Sale price Buyer name Seller name
04/29/2014 $1,250,000 XXX XXXXXXX XXX XXXXXXXX XXXXXXXXXXXXXX, XXX.

*Most recent sale on record for this property.

More about New York City property records.

Title documents

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

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 585 Madison Street, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$12,137
Municipal exemptions
Recent tax assessments
Market value
$857,000
Assessed value
$385,650

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y 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%
2020/21 $321,000 $144,450 $69,498 12.267% $8,525 $8,525 +6.22%
2019/20 $267,600 $120,420 $64,350 12.473% $8,026 $8,026 -1.10%
2018/19 $223,000 $100,350 $64,350 12.612% $8,116 $8,116 +2.33%
2017/18 $198,000 $89,100 $62,354 12.719% $7,931 $7,931 +6.55%
2016/17 $158,000 $71,100 $57,736 12.892% $7,443 $7,443 +8.07%
Permits

Permit information for 585 Madison Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
06/19/2014 Alteration type 2
06/11/2014 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
10/01/2015 Lblvio-low pressure boiler
03/01/2013 Lblvio-low pressure boiler
12/31/2009 Lblvio-low pressure boiler

*Most recent DOB violations on record for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Stuyvesant Ave & Fulton St at NW Corner
Station lines
A-C
Distance (miles)
0.516
View subway map

Access the detailed traffic volume map for 585 Madison Street, Brooklyn, NY 11221 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 585 Madison Street, Brooklyn, NY

575 Madison St, Brooklyn 597 Madison St, Brooklyn 599 Madison St, Brooklyn 599 A Madison St, Brooklyn 603 Madison St, Brooklyn 587 Madison St, Brooklyn 589 Madison St, Brooklyn 591 Madison St, Brooklyn 569 Madison St, Brooklyn 583 Madison St, Brooklyn 573 Madison St, Brooklyn 565 Madison St, Brooklyn 593 Madison St, Brooklyn 581 Madison St, Brooklyn 571 Madison St, Brooklyn 595 Madison St, Brooklyn 601 Madison St, Brooklyn 579 Madison St, Brooklyn 567 Madison St, Brooklyn 563 Madison St, Brooklyn

Nearby ZIP codes for 585 Madison Street, Brooklyn, NY

11101, New York City, NY 11104, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11207, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11216, New York City, NY 11217, New York City, NY 11222, New York City, NY 11225, New York City, NY 11226, New York City, NY 11233, New York City, NY 11237, New York City, NY 11238, New York City, NY 11378, New York City, NY 11379, New York City, NY 11385, New York City, NY

Frequently asked questions

What is the year built for 585 Madison Street, Brooklyn, NY 11221?

The development at 585 Madison Street, Brooklyn, NY 11221 was built in 1931.

What is the total square footage of 585 Madison Street, Brooklyn, NY 11221?

585 Madison Street, Brooklyn, NY 11221 has a total of 3,150 square feet.

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

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

What is the assessed value of 585 Madison Street, Brooklyn, NY 11221?

585 Madison Street, Brooklyn, NY 11221 is currently assessed at $385,650.

What are the property taxes for 585 Madison Street, Brooklyn, NY 11221?

The property taxes for 585 Madison Street, Brooklyn, NY 11221 total $12,137.

How many residential units does this building have?

This building has 8 residential unit(s).

Disclaimer

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