New York City » 11221 » Madison St » 588 Madison St

588 Madison Street, Brooklyn, NY 11221 - Property report

Also known as: 588 Madison St

Property image for 588 Madison Street, Brooklyn, NY 11221

Property type

Three Families (C0)

Year built

1899

Lot sq. ft.

2,000

Sale price

$3,532,000

General information

Address

Primary address

588 Madison Street

ZIP code

11221

Neighborhood

Bedford-Stuyvesant

Borough

Brooklyn

Block & lot

01645-0014

Building

Property type

Three Families (C0)

Building sq. ft.

4,020

Building dimensions

20 ft x 55 ft

Buildings on lot

Stories

Year built

1899

Last altered

2015

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Sales

Sale date

05/11/2022

Sale price

$3,532,000

Tax

Tax year

2026-2027

Property tax

$6,645

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

Madison Street (narrow)

Nearest wide street

Lexington Avenue

Distance to wide street

Lot dimensions

20 ft x 100 ft

Lot sq. ft.

2,000

Area overview

Walk score

90 /100. Very Walkable

Transit score

97 /100. Rider's Paradise

Bike score

68 /100. Bikeable

School district

Community district

Closest police station

0.52 Miles

Closest fire station

0.12 Miles

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

Ownership

Ownership information for 588 Madison Street, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 588 Madison Street, Brooklyn, NY 11221

Sale date	Sale price	Buyer name	Seller name
05/11/2022	$3,532,000	XXXXXXX, XXXXXX X XXX XXXXXX, XXXXXX X	XXXXX, XXXXXXX X
08/24/2016	$2,610,000	XXXXX, XXXXXXX	XXXXX, XXXXXXXXXX XXX XXX, XXXXX
03/06/2015	$1,225,000	XXXXX, XXXXXXXXXX XXX XXX, XXXXX	XXXXXXX, XXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
06/13/2022 - R 05/11/2022 - D	Mortgage (2022060500016003)	XXXXXXX XXXXXX X	XXXXX XXXXX XXXX X X
06/13/2022 - R 05/11/2022 - D	Deed (2022060500016002)	XXXXX XXXXXXX X	XXXXXXX XXXXXX X
06/13/2022 - R 05/03/2022 - D	Power of Attorney (2022060500016001)	XXXXX XXXXXXX	XXXXX XXXXXXXX
10/06/2016 - R 09/23/2016 - D	Satisfaction of Mortgage (2016092300059001)	XXXXX XXXXXXXXXX	XXXX XX XXXXXXX XXX XXXXXXXXXXXX XXX
09/09/2016 - R 08/24/2016 - D	Deed (2016090700367003)	XXXXX XXXXXXXXXX	XXXXX XXXXXXX
09/09/2016 - R 08/24/2016 - D	Power of Attorney (2016090700367002)	XXX XXXXX	XXXXXX XXX XXXXX X
09/09/2016 - R 08/24/2016 - D	Power of Attorney (2016090700367001)	XXXXX XXXXXXXXXX	XXXXXX XXX XXXXX X
09/30/2015 - R 09/18/2015 - D	Zoning Lot Description (2015092800715001)	XXXXX XXXXXXXXX
05/06/2015 - R 03/23/2015 - D	Satisfaction of Mortgage (2015032400020001)	XXXXXXX XXXXXX	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX
03/23/2015 - R 03/06/2015 - D	Mortgage (2015031801023002)	XXXXX XXXXXXXXXX	XXXX XX XXXXXXX XXX XXXXXXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 588 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

$6,645

Municipal exemptions

Recent tax assessments

Market value

$2,430,000

Assessed value

$145,800

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	$2,500,000	$150,000	$42,397	19.843%	$8,413	$6,541	-20.22%
2024/25	$2,525,000	$151,500	$40,820	20.085%	$8,199	$8,199	+1.57%
2023/24	$2,861,000	$171,660	$40,188	20.085%	$8,072	$8,072	+4.83%
2022/23	$2,342,000	$140,520	$37,913	20.309%	$7,700	$7,700	+7.84%
2021/22	$1,903,000	$114,180	$35,767	19.963%	$7,140	$7,140	-3.97%
2020/21	$2,020,000	$121,200	$35,331	21.045%	$7,435	$7,435	+3.26%
2019/20	$1,901,000	$114,060	$34,017	21.167%	$7,200	$7,200	+1.81%
2018/19	$2,085,000	$125,100	$33,808	20.919%	$7,072	$7,072	+11.63%
2017/18	$1,651,000	$99,060	$31,080	20.385%	$6,635	$6,336	+54.55%
2016/17	$901,000	$54,060	$20,506	19.991%	$4,409	$4,099	+14.40%

Permits

Permit information for 588 Madison Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
03/17/2023	Alteration
02/06/2023	Alteration type 2
07/23/2015	Alteration type 2
05/21/2015	Alteration type 3
03/18/2015	Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID	Inspection date	Class	NOV issue date	Status
	05/05/2026	A
	11/20/2025	I
	06/10/2025	A

*Most recent HPD violations on record for this property.

Neighborhood

Stuyvesant Heights residential market stats

Access a detailed real estate market overview of Stuyvesant Heights so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Stuyvesant Heights and compare it to other neighborhoods in Brooklyn.

Median sale price

—

Median price/sq. ft.

—

Brooklyn median sale price

$899,000

6% 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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Stuyvesant Ave & Fulton St at NW Corner

Station lines

A-C

Distance (miles)

0.488

View subway map

Access the detailed traffic volume map for 588 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

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 308 Clara Cardwell	3	Yes	Public	PK, K-8	212	0.14
P.S. 308 Clara Cardwell	3	Yes	Public	PK, K-8	212	0.14
Ember Charter School	7	No	Charter	K-12	423	0.14
La Cima Charter School	5	No	Charter	K-5	199	0.16
Uncommon Bed-Stuy East Middle School	7	No	Charter	5-8	342	0.16
The Co-Op School	NR	No	Private	K-7	118	0.25
Brooklyn Brownstone School	8	No	Public	PK, K-5	310	0.33
Brooklyn Brownstone School	8	No	Public	PK, K-5	310	0.33
P.S. 44 Marcus Garvey	3	No	Public	PK, K-5	119	0.33
P.S. 44 Marcus Garvey	3	No	Public	PK, K-5	119	0.33

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Ember Charter School	7	No	Charter	K-12	423	0.14
P.S. 308 Clara Cardwell	3	No	Public	PK, K-8	212	0.14
Uncommon Bed-Stuy East Middle School	7	No	Charter	5-8	342	0.16
Ms 267 Math Science And Technology	5	No	Public	6-8	149	0.16
The Co-Op School	NR	No	Private	K-7	118	0.25
Ms 35 Stephen Decatur	7	No	Public	6-8	185	0.33
Unity Prep Charter School of Brooklyn	6	No	Charter	6-12	558	0.33
Jhs 57 Whitelaw Reid	3	No	Public	6-8	100	0.37
Madiba Prep Middle School	6	No	Public	6-8	201	0.41
Success Academy Charter School-Nyc 9	9	No	Charter	5-8	232	0.48

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Boys and Girls High School	2	Yes	Public	9-12	403	0.56
Ember Charter School	7	No	Charter	K-12	423	0.14
Unity Prep Charter School of Brooklyn	6	No	Charter	6-12	558	0.33
The Brooklyn Academy Of Global Finance	3	No	Public	9-12	190	0.37
Brooklyn Emerging Leaders Academy Charter School	2	No	Charter	9-12	236	0.37
Mount Pleasant Christian Academy	NR	No	Private	1-12	0	0.51
Mt Pleasant Christian Academy	NR	No	Private	PK-12	10	0.53
Excellence Girls Charter School	5	No	Charter	K-12	1,050	0.55
Research And Service High School	2	No	Public	10-12	181	0.56
NELSON MANDELA HIGH SCHOOL	4	No	Public	9-12	133	0.56

Frequently asked questions

What is the year built for 588 Madison Street, Brooklyn, NY 11221?

The development at 588 Madison Street, Brooklyn, NY 11221 was built in 1899.

What is the total square footage of 588 Madison Street, Brooklyn, NY 11221?

588 Madison Street, Brooklyn, NY 11221 has a total of 4,020 square feet.

When was 588 Madison Street, Brooklyn, NY 11221 last sold and what was the sale price?

588 Madison Street, Brooklyn, NY 11221 was last sold on 05/11/2022 for $3,532,000.

What is the assessed value of 588 Madison Street, Brooklyn, NY 11221?

588 Madison Street, Brooklyn, NY 11221 is currently assessed at $145,800.

What are the property taxes for 588 Madison Street, Brooklyn, NY 11221?

The property taxes for 588 Madison Street, Brooklyn, NY 11221 total $8,516.

How many residential units does this building have?

This building has 3 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.