NOT LISTED FOR SALE

587 Madison St Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $2,003,000 - $2,449,233

5 Beds
3.5 Baths
3,600 Sq Ft
$603/Sq Ft Est. Value

Last Sold December 04, 2015

Last sale price $1,399,000 $389 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $12,689/month

64 Days on Market

About This Home

As of December 2015

Welcome to '587 Madison.' This four story, two family, 20 foot wide Brownstone still has some original details intact, both inside and out. The property has approximately 3600 SF of living space excluding the cellar, and is situated on one of the most beautiful blocks in Bedford Stuyvesant. The residence is in need of some updating and lends itself to those willing to do a renovation project and make this home their own. This property is ideal for an acquisition/renovation loan candidate.

The house is just a short distance from the A Express train at Utica Ave or J, Z at Gates Ave. Located on a very peaceful block, you will find many cafes, bars, restaurants and boutiques are only a stone's throw away. 20 footers are hard to come by, so bring your contractor/architect to design your new dream home.

Last Agent to Sell the Property

Adam Sikorski

Compass License #10301213688 Listed on: 09/29/2015

Compass

Co-Listed By

Keith Arthur

Compass License #10301212387

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,693

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 20.0 x 100.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,600 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Community Details

  • Stuyvesant Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 64 / 1640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,693

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Cross Street: Lewis Avenue/Stuyvesant Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Stuyvesant Heights
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Living Area: 3600.0
  • Living Area Units: Square Feet
  • Rooms (Total): 10

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • Total Stories: 4
  • Year Built: 1901

Tax Info

  • Tax Block: 1640
  • Tax Lot: 64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2016
Sold by
Paul Madison Llc
Bought by
Neufeld Shane and Stapleton Claire
Current Estimated Value
$2,169,558

Purchase Details

Closed on
Jun 29, 2015
Sold by
Mongo Zelda
Bought by
Paul Madison Llc

Purchase Details

Closed on
Jul 28, 2006
Sold by
Samuels Daisy
Bought by
Mongo Zelda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2005
Sold by
Pough Edward
Bought by
Samuels Daisy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,250
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2004
Sold by
Breland Adrian and Breland Jerome
Bought by
Pough Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2001
Sold by
Harris Raquel
Bought by
Breland Jerome and Breland Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
7.01%

Purchase Details

Closed on
Nov 30, 1999
Sold by
Pough Edward
Bought by
Harris Raquel
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Neufeld Shane $1,425,000 --
Paul Madison Llc $485,000 --
Mongo Zelda $680,000 --
Mongo Zelda $680,000 --
Samuels Daisy $535,000 --
Samuels Daisy $535,000 --
Pough Edward $450,000 --
Pough Edward $450,000 --
Breland Jerome -- --
Breland Jerome -- --
Harris Raquel $75,000 Stewart Title
Harris Raquel $75,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mongo Zelda $128,000
Previous Owner Mongo Zelda $512,000
Previous Owner Samuels Daisy $508,250
Previous Owner Pough Edward $405,000
Previous Owner Breland Jerome $262,500
Previous Owner Harris Raquel $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2015 12/04/15 Sold $1,399,000 0.0% $389 / Sq Ft
12/04/2015 12/04/15 Pending -- -- --
09/30/2015 09/30/15 For Sale $1,399,000 -- $389 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,693 $133,680 $13,800 $119,880
2024 $10,693 $105,600 $13,800 $91,800
2023 $10,769 $118,920 $13,800 $105,120
2022 $10,314 $130,320 $13,800 $116,520
2021 $10,601 $142,920 $13,800 $129,120
2020 $3,405 $125,340 $24,060 $101,280
2019 $4,272 $103,200 $24,060 $79,140
2018 $4,126 $20,242 $4,852 $15,390
2017 $3,895 $19,108 $5,339 $13,769
2016 $3,605 $18,032 $6,410 $11,622
2015 $2,174 $18,014 $8,438 $9,576
2014 $2,174 $17,017 $9,561 $7,456
Source: Public Records

Agents Affiliated with this Home

  • Adam Sikorski

    Seller's Agent in 2015

    Adam Sikorski

    Compass

    (718) 288-2385

    4 in this area

    35 Total Sales

    Adam Sikorski
    Section Image
  • Keith Arthur

    Seller Co-Listing Agent in 2015

    Keith Arthur

    Compass

    (718) 344-9142

    6 in this area

    14 Total Sales

    Keith Arthur
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10821840

Real Estate Board of New York (REBNY)

APN: 01640-0064

New York Kings County Brooklyn 11221 Bed-Stuy

587 Madison St, Brooklyn, NY

This home is located at 587 Madison St, Brooklyn, NY 11221 since 29 September 2015 and is currently estimated at $2,169,558, approximately $602 per square foot. This property was built in 1901. 587 Madison St is a home located in Kings County with nearby schools including P.S. 308 Clara Cardwell, La Cima Charter School, and The Co-Op School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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