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586 Madison Street, Brooklyn, NY 11221 Property Information

586 Madison Street, Brooklyn, NY 11221 Property Information

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

Primary address 586 Madison Street
Neighborhood Bedford-Stuyvesant
Zip code 11221
Borough Brooklyn
Block & lot 01645-0013

Sales & Tax Overview for 586 Madison Street, Brooklyn

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

Tax class

Lot & Building Information for 586 Madison Street, Brooklyn

Lot sq. ft. 2,000
Lot dimensions 20 ft x 100 ft
Property type Five to Six Families (C2)
Building sqft 2,700
Building dimensions 20 ft x 45 ft
Buildings on lot 1
Stories 3
Year built 1931
Construction type
Status
Status date
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Zoning & Use for 586 Madison Street, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 5
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 16
Community district 3
Closest police station 0.51 Miles
Closest fire station 0.12 Miles

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

Other Property Data for 586 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 586 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 586 Madison Street, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 586 Madison Street, Brooklyn

What is the year built & the total sq. ft. for 586 Madison Street, Brooklyn, NY 11221?

586 Madison Street, Brooklyn, NY 11221 was built in 1931 and has a total of 2,700 square feet.

What is the assessed value of 586 Madison Street, Brooklyn, NY 11221 and the property tax paid?

Assessed at $251,550, the tax amount paid for 586 Madison Street, Brooklyn, NY 11221 is $8,150.

When was 586 Madison Street, Brooklyn, NY 11221 last sold?

586 Madison Street, Brooklyn, NY 11221 was last sold in 01/29/2020.

How many residential units does this building have?

This building has 5 residential unit(s).

Ownership Information for 586 Madison Street, Brooklyn

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Property owner name for 586 Madison Street, Brooklyn, NY 11221
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Building contacts for 586 Madison Street, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Jun 23, 2026 NYC Resale Gains & Losses: Every Borough Made Money in 2025, Except Manhattan
In 2025, NYC home-sellers mostly made money. But, in Manhattan, resales came with losses — and it was apartments and recent buyers that absorbed them.
Eliza Theiss, Jun 04, 2026 World Cup or Your Mortgage/Rent? Ticket Prices Rival Host City Housing Costs
World Cup ticket prices rival monthly housing expenses in the 11 U.S. host cities, with even the cheapest seats covering weeks or even months of rent or mortgage payments.
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Past Sales & Property History for 586 Madison Street, Brooklyn

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No recorded sales for this property.

Title Documents for 586 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
02/04/2020 - R
01/29/2020 - D
Deed
(2020020400116001)
01/25/1999 - R Assignment of Tax Lien
(3480006428048)
07/29/1998 - R Tax Lien Sale Certificate
(3180006152618)
05/18/1995 - R Deed
(3150004775515)
05/18/1995 - R Power of Attorney
(3110004775511)
11/02/1992 - R
10/26/1992 - D
Deed
(3520001725652)
03/26/1992 - R Deed
(3060001677206)
03/26/1992 - R Deed
(3050001677205)
03/13/1989 - R Mortgage
(3770001438377)
03/13/1989 - R
02/28/1989 - D
Deed
(3760001438376)
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R: Recorded date
D: Document date

Property Taxes for 586 Madison Street, Brooklyn

Access detailed property tax data for 586 Madison Street, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2026-2027
Property tax: $8,150
Tax assessor's market value: $559,000
Assessed value: $251,550

Assessment History for 586 Madison Street, Brooklyn

Here's the assessment & property tax history for 586 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 $494,000 $222,300 $60,675 12.439% $7,547 $7,547 +7.40%
2024/25 $463,000 $208,350 $56,217 12.5% $7,027 $7,027 +7.93%
2023/24 $430,000 $193,500 $52,078 12.502% $6,511 $6,511 +1.92%
2022/23 $358,000 $161,100 $52,078 12.267% $6,388 $6,388 +3.61%
2021/22 $286,000 $128,700 $50,400 12.235% $6,166 $6,166 +7.70%

Permits for 586 Madison Street, Brooklyn

The complete history of permits filed for 586 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
07/25/2025 Alteration CO
07/25/2025 Alteration
10/10/2024 Alteration
10/06/2022 Alteration
10/06/2022 Alteration CO
02/25/2014 Alteration type 1
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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 Q1/2026
$444
-15% YoY
Median Price/Sqft Q4/2025
$523
9.6% YoY
Median Price/Sqft 2025
$523
5.9% 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) 0.488
View subway map

Neighbors for 586 Madison Street, Brooklyn

Here are the neighbors for 586 Madison Street, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
588 Madison St, Brooklyn 4,020 05/11/2022 $3,532,000
606 Madison St, Brooklyn 2,607 12/02/2015 $1,600,000
574 Madison St, Brooklyn 3,690
573 Putnam Ave, Brooklyn 2,700 01/10/2014 $847,000
584 Madison St, Brooklyn 3,600 11/24/2021
582 Madison St, Brooklyn 3,600 06/01/2017 $2,500,000
580 Madison St, Brooklyn 3,600 04/13/2007
562 Madison St, Brooklyn 11,400
575 Putnam Ave, Brooklyn 1,800 04/02/1992
596 Madison St, Brooklyn 3,420 01/03/1996
602 Madison St, Brooklyn 2,565 05/23/2018 $1,655,000
571 Putnam Ave, Brooklyn 3,120 03/14/2022 $1,450,000
598 Madison St, Brooklyn 3,420 09/29/2022 $1,600,000
578 Madison St, Brooklyn 2,700 04/19/2023
590 Madison St, Brooklyn 3,420 12/29/2025
600 Madison St, Brooklyn 3,420 09/26/2023 $1,650,000
592 Madison St, Brooklyn 3,420 06/03/2021 $1,725,000
594 Madison St, Brooklyn 3,420 12/18/2019 $1,740,000
604 Madison St, Brooklyn 2,607 05/28/2010
576 Madison St, Brooklyn 3,692 12/24/1992
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