588 Madison St
Brooklyn, NY 11221
4,020 sqft Built 1899 Lot 2,000 sqft multi_family
Most recent sale
$3,532,000
May 11, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 13, 2022 | Sold | $3,532,000 | Public Record |
| May 13, 2022 | Listed | $3,500,000 | MLS #OLRS-0056714 |
| May 11, 2022 | Sold | $3,532,000 | MLS #OLRS-0056714 |
| Dec 11, 2021 | Listed | $3,500,000 | MLS #926886767449021961 |
| Dec 1, 2021 | Listed | $3,500,000 | MLS #OLRS-0056714 |
| Feb 13, 2021 | Listing removed | $1,350,000 | MyStateMLS |
| Jul 5, 2020 | Listed for rent | $2,800 | Compass |
| Jul 10, 2019 | Listed for rent | $2,800 | Compass |
| Jul 3, 2019 | Listing removed | $2,800 | Compass |
| Mar 23, 2017 | Listing removed | $2,995,000 | TerraHoldings |
| Nov 4, 2016 | Listing removed | $2,292 | MyStateMLS |
| Oct 27, 2016 | Price changed for rent | $2,292 | MyStateMLS |
| Sep 21, 2016 | Listed for rent | $2,500 | MyStateMLS |
| Sep 9, 2016 | Sold | $2,610,000 | Public Record |
| Aug 30, 2016 | Relisted | $2,995,000 | MLS #HALS14635873 |
| Aug 26, 2016 | Listing removed | $2,995,000 | TerraHoldings |
| Aug 17, 2016 | Relisted | $2,995,000 | MLS #HALS14635873 |
| Aug 15, 2016 | Listing removed | $2,995,000 | TerraHoldings |
| Jul 28, 2016 | Listing removed | $2,995,000 | MyStateMLS |
| Apr 20, 2016 | Listed | $2,995,000 | MLS #10308062 |
| Mar 23, 2015 | Sold | $1,225,000 | Public Record |
| Feb 3, 2015 | Listing removed | $2,300 | ShowMojo |
| Jan 13, 2015 | Listing removed | $1,350,000 | MyStateMLS |
| Dec 9, 2014 | Listed for rent | $2,300 | ShowMojo |
| Nov 17, 2014 | Listed | $1,350,000 | MLS #10185940 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $124,140 | $25,860 | $150,000 | $6,438 |
| 2024 | $124,140 | $25,860 | $150,000 | $8,198 |
| 2023 | $145,800 | $25,860 | $171,660 | $8,161 |
| 2022 | $114,660 | $25,860 | $140,520 | $7,542 |
| 2021 | $88,320 | $25,860 | $114,180 | $7,527 |
| 2020 | $95,340 | $25,860 | $121,200 | $7,479 |
| 2019 | $88,200 | $25,860 | $114,060 | $7,116 |
| 2018 | $26,819 | $6,989 | $33,808 | $7,072 |
| 2017 | $24,053 | $8,497 | $32,550 | $6,336 |
| 2016 | $11,505 | $10,551 | $22,056 | $4,099 |
| 2015 | $8,920 | $10,985 | $19,905 | $3,583 |
| 2014 | $6,357 | $12,453 | $18,810 | $3,298 |
| 2013 | $6,007 | $12,629 | $18,636 | $2,909 |
| 2012 | $5,669 | $11,919 | $17,588 | $2,908 |
| 2011 | $5,903 | $10,690 | $16,593 | $2,558 |
| 2010 | $6,589 | $9,999 | $16,588 | $2,443 |
| 2009 | $6,589 | $9,999 | $16,588 | $2,442 |
| 2007 | $11,990 | $2,667 | $14,657 | $2,063 |
Property facts
Year built
1899
Property type
multi_family
Stories
3
Beds
—
Baths
—
Living area
4,020 sqft
Lot size
2,000 sqft
ZIP code
11221
City
Brooklyn
Street
Madison St
Coordinates
40.68632, -73.93460
Comparable properties nearby
Frequently asked questions
When did 588 Madison St last sell?
588 Madison St most recently sold on May 11, 2022 for $3,532,000.
What is the current tax assessment for 588 Madison St?
The most recent total assessment for 588 Madison St (year 2025) is $150,000 with $6,438 in property tax.
How does 588 Madison St's assessment compare to its last sale price?
The current assessment is 95.8% below the last sale price of $3,532,000.
When was 588 Madison St built?
588 Madison St was built in 1899.
How does 588 Madison St compare to others on Madison St?
We track 8 other properties on Madison St. Browse the list under "Other properties on Madison St" to compare beds, baths, and sale history.
What are the property facts for 588 Madison St?
588 Madison St is a 4,020 sqft, 2,000 sqft lot multi_family.
Is 588 Madison St a flip candidate?
No — 588 Madison St does not appear in our flips dataset.
Is 588 Madison St a tax-appeal candidate?
No — 588 Madison St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+17.5%
Implied 1-yr
+70.1%
2026 Q3
$7.85M
2026 Q4
$7.85M
ZIP 11221 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Madison St