577 MADISON Street #2R
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.
For a closer look and walk through videos: 577Madison.com
APT 2B is a 3BR/2BA duplex. The Home is currently configured and the PERFECT two bedroom, although it is a legal Three Bedroom. So it is a great situation to GROW INTO YOUR HOME, instead of out of your home. Come check it out!
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 with CAST IRON FARM SINK and white shaker style cabinets. The stainless appliances are LG, Bosch, and Frigidaire.
The BATHROOMS are spa-like with vintage CAST IRON CLAW FOOT SOAKING TUB and Victorian style pull chain toilettes.
The BEDROOMS: Two bedrooms upstairs are masters with spacious custom built closets.
The apartment has a beautiful balcony off of the master bedroom. AND the home also has deeded ROOFTOP Cabana.
All of the apartments in 577 Madison feature a smart home NEST for heating and A/C. And also an I-Robot for cleaning and WEMO smart switch AND an ALEXA.
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
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| May 23, 2019 | No longer available | - | |
| No longer available | |||
| May 22, 2019 | Sold | ||
| Sold | |||
| Mar 18, 2019 | In contract | - | |
| In contract | |||
| Jan 29, 2019 | Price Decreased |
$975,000
↓ $4K
(0.4%) | |
| Price Decreased | |||
| Nov 30, 2018 | Price Decreased |
$979,000
↓ $20K
(2%) | |
| Price Decreased | |||
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