577 MADISON Street #2F
About This Property
Townhouse Style Design.
577 Madison is a collection of townhouse-style condos on a beautiful tree-lined street in historic Bedford Stuyvesant. Madison Street is lined with gorgeous original brownstones. With this in mind, the developer created a modern take on brownstone living.
APT 2A is a 2BR/2BA duplex. Spacious and inviting with a true feeling of HOME. As you enter the home, the beautiful natural light beams through the wall of windows casting gorgeous sunlight in the open kitchen/dining/ living room design of the lower level. The EXPOSED BRICK throughout has been painted white for modern style.
The KITCHEN has a country home feel white shaker style cabinets and white brick. The stainless appliances are LG, Bosch, and Frigidaire.
The BATHROOMS are spa-like with vintage CLAW FOOT CAST IRON SOAKING TUB and Victorian style pull chain toilettes.
The BEDROOMS upstairs are warm and comfortable with spacious custom built closets.
Living at 577 Madison is easy with A and C trains located a few blocks away. On the way to the train on Lewis Avenue stop by Saraghina for your morning coffee. Bedford-Stuyvesant is a tight-knit neighborhood with culture and style. The neighborhood is a foodie destination with new restaurants, cafes and boutique shoppes opening like Eugene & Co. , Bar Lunatico, Peaches and lots more.
* a 421-a tax abatement is pending approval* projected abated taxes advertised.
Come feel at HOME in 577 Madison Street.
For a private showing email us: inquire @ theinhousegroup
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 19, 2022 | Withdrawn | - | |
| Withdrawn | |||
| Aug 8, 2022 | Listed | $849,000 | |
| Listed | |||
| | |||
|
577 Madison unit 2F is a 2 bedroom 2 bath DUPLEX in a townhouse style living! There is a 93 sqft private roof terrace for this unit. This condo is on a historic Bedford Stuyvesant tree lined block with amazing original brownstone details. This unit has exposed brick throughout with an open kitchen, white shaker cabinets, stainless steel appliances with a dishwasher. Both bathrooms are modern with a Victorian design, vintage claw foot cast iron soaking tub, radiant heated flooring. Hardwood floors throughout the unit and central air/heating with a smart Nest thermostat. There is an in unit washer dryer. The bedrooms upstairs are comfortable where the master bedroom has a walk in closet with custom shelves. the 2nd bedroom is spacious. This south facing unit lets in a ton of natural sunlight. This pet friendly condo is just on the 2nd floor parlor level. 577 Madison Street in Bed Stuy is close to the A,C subway off Fulton Street. Stop by nearby popular Saraghina for coffee and lots of neighborhood restaurants, cafes and more! This condo is pet friendly and has a tax abatement! great for a user or investor!
| |||
| May 9, 2019 | No longer available | - | |
| No longer available | |||
| May 8, 2019 | Sold | ||
| Sold | |||
| Jan 17, 2019 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/12/2019
|
1 Bed
|
2 Bath
|
746 ft²
|
$554,000
1 Bed
2 Bath
746 ft²
|
$489,000
-11.73%
10/28/2019
|
Virginia Incalcaterra
The In House Group
| |
|
10/04/2018
|
3 Bed
|
2 Bath
|
1033 ft²
|
$1,029,000
3 Bed
2 Bath
1033 ft²
|
$975,000
-5.25%
05/22/2019
|
Virginia Incalcaterra
The In House Group
| |
|
10/04/2018
|
2 Bed
|
2 Bath
|
828 ft²
|
$845,000
2 Bed
2 Bath
828 ft²
|
$799,000
-5.44%
05/08/2019
|
Virginia Incalcaterra
The In House Group
| |
|
06/19/2018
|
2 Bed
|
2 Bath
|
702 ft²
|
$819,000
2 Bed
2 Bath
702 ft²
|
$807,300
-1.43%
09/20/2018
|
Robert Earl
In House Group
| |
|
06/13/2018
|
Studio
|
1 Bath
|
-
|
$449,000
Studio
1 Bath
|
$415,000
-7.57%
10/17/2018
|
Robert Earl
In House Group
| |
|
04/27/2018
|
1 Bed
|
2 Bath
|
-
|
$899,000
1 Bed
2 Bath
|
$915,407
+1.83%
09/17/2018
|
Virginia Incalcaterra
In House Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017