Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $489,000

· Closed October 28, 2019

577 MADISON Street #1
Closed For Sale Condo

$489,000

$655 per sq ft

577 MADISON Street #1

Bedford-Stuyvesant, Brooklyn

MLS® #RLS10566385

RLS at REBNY

Listing by The In House Group

1

Bedroom

1.5

Baths

746

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 1
Bathrooms 2 full, 1 half
Living Area 746 sq ft
Year Built N/A
Ownership Condo
HOA/Common Charges $234/mo
Property Taxes $4,500/yr
Neighborhood Bedford-Stuyvesant

Property Highlights

  • Exposure: East facing
  • New Construction: Brand new building

Property Details

Type Condo
Ownership Condominium
Total Rooms 2
Baths 1 Full, 1 Half
Exposure East
Pets Yes
Living Area 746 sq ft

Listing History

Event Date Price Change
Listed Apr 12, 2019 $489,000 -
Currently Apr 23, 2026 $489,000 -

Description

AUGUST PROMOTION FOR CONTRACT SIGNED BY THE 15th. $10,000 Closing cost paid by seller + 1 year of Real Estate Taxes tax abatement is pending 27.00/ month WITH abatement. Introducing the brand new development 577 MADISON STREET. A true feeling of HOME 1A is a DUPLEX STUDIO with a total of 746 sf Top floor: 320 sf Cellar floor: 426 sf - currently set up with a sleep area downstairs. This unit is something special with its private entry and duplex layout, it is a feeling of a true home! Top floor has the modern but yet vintage flare full bath with its CAST IRON CLAWFOOT TUB , and Victorian pull chain toilette and heated bathroom flooring. A Beautiful kitchen with exposed brick backsplash, cast iron double farmers sinks, and stainless appliances. Plenty of space for a seating or dining area. The LOWER LEVEL is ready to create as you wish with TWO separate rooms, a 1/2 bath, washer/dryer and walk-in closet and private exit. Also; full use of the front patio for an outdoor seating area or a place to create a garden. Check out the video walk-through at 577madison. com Tax abatement is pending review. What would be the abated taxed are advertised. Taxes without abatement: $375/month RSVP to the open house or reach out for a private appointment.

Features & Amenities

Interior Features

Common Area

Appliances

Dryer Washer

Building Information

Total Units 6

Financial Details

Common Charges $234/mo
RE Taxes $4,500/yr ($375/mo)
Sale Price $489,000

Bedford/Stuyvesant, in Brooklyn, features a mix of traditional brownstone row houses and mid-rise apartment buildings. Local amenities include proximity to major parks and robust access via subway lines, such as the L and J/Z trains. The area retains much of its historic architecture alongside newer residential developments.

Bedford-Stuyvesant Live Market Data

View Neighborhood

Active Listings

89

Median Asking Price

$1.25M

Median $/Sqft

$874

Avg Days on Market

N/A

New This Week

4

Price Reduced

18%

Sold (30 Days)

14

Median Sale Price

$1.90M

Live data from RLS at REBNY • Updated 4/23/26, 2:28 AM EST

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Location

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577 MADISON Street #1, Bedford-Stuyvesant, Kings County

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

1901
Year Built
125 years old
4
Floors
6
Residential Units
R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $485,999
Land Value: $7,200
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,000 SF
Building Area: 4,710 SF
Built FAR: 2.36
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $234 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $4,500, or roughly $375 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom and 1 half bathroom.

The listed interior living area is 746 square feet. Verify dimensions independently during due diligence.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $489,000 for 746 sq ft, the asking price per square foot is approximately $655. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10566385
First Listed: 4/12/2019
Closed: 10/28/2019
Contract Date: 4/12/2019

Listing Courtesy of The In House Group - Virginia Incalcaterra

Listing Contact: (917) 743-0731

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/23/2026 at 6:28 AM UTC

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