# 577 Madison Street, Brooklyn

Condominium · 6 units · built c. 1901 · Block 1640, Lot 7501.

On Umarelli: https://umarelli.org/nyc/3016407501/577-madison-street

More construction in Bedford-Stuyvesant: https://umarelli.org/nyc/brooklyn/bedford-stuyvesant.md

Every lot on block 1640: https://umarelli.org/nyc/brooklyn/1640.md

## Building permits

No building permits on file for this lot.

## Property taxes

- Assessment: $485,999
- 2026–27 tax: $19,906
- Market value (city estimate): $1,080,000
- Taxable value: $205,696
- Assessed land: $7,200
- Assessed improvements: $478,799
- Condo units with their own tax lots: 6

## Tax breaks

- Co-op and condo abatement, with no end date, a $5,680 credit this tax year.

## Zoning

R6B: floor area ratio 2.36 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Oct 28, 2019: $480,000, Apt 1A
- May 10, 2019: $935,000, Apt 2B
- Apr 29, 2019: $770,000, Apt 2A
- Oct 17, 2018: $415,000, Apt 4A
- Sep 20, 2018: $807,300, Apt 4B
- Sep 17, 2018: $915,406, Apt 1B

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology