Three-Level Outdoor Space
For Sale
$999,999
577 Madison Street 4B, Brooklyn, NY 11221
Duplex with two bedrooms, two bathrooms, central AC, and three exposures of natural light near A/C trains at Utica by Fulton Park.
Property Size1,128 SF
Price / SF$886.52
Days on Market143
Property Features for 577 Madison Street 4B
General Information
Standard status
Active
Size
1,128 SF
Property subtype
Apartment
Amenities
central air conditioning
in-unit washer/dryer
video intercom
gated entrance
private outdoor space
Building Details
Building Size
1,128 SF
Year Built
2018
Listing Agency:
Compass
(917) 721-9836
Listed By:
Karen D Shenker
(917) 721-9836
Source:
Howardhannanyc
Added: Mar 13
Changed: Jul 30
Last Checked: Aug 2 at 11:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
Located at 577 Madison Street 4B, Brooklyn, this three-level private outdoor space duplex offers panoramic views of downtown Brooklyn and Manhattan, plus rear garden views. The home is laid out as a two-bedroom, two-bath duplex with bedrooms on separate levels. Oversized dual-pane windows bring natural light from three exposures, and hardwood floors run throughout, complemented by recessed lighting and exposed brick.
The open kitchen dining area features white shaker-style cabinetry, premium counters, and stainless-steel appliances, including a double refrigerator/freezer with an automatic ice maker. Outdoor entertaining is supported by a wine cooler fridge on the middle terrace. The lower level includes custom storage and a built-in Murphy bed that converts into an office, while both bathrooms are windowed and designed with spa-like finishes, including a deep-soaking clawfoot cast iron tub with heated flooring.
Additional conveniences include central AC and heating, a large in-unit LG washer/dryer, high ceilings, and security features such as a video intercom and a gated entrance. Built in 2018, the duplex spans 1,128 SF and is described as convenient to the A/C trains at Utica by Fulton Park, with Citi Bike at the doorstep.
The open kitchen dining area features white shaker-style cabinetry, premium counters, and stainless-steel appliances, including a double refrigerator/freezer with an automatic ice maker. Outdoor entertaining is supported by a wine cooler fridge on the middle terrace. The lower level includes custom storage and a built-in Murphy bed that converts into an office, while both bathrooms are windowed and designed with spa-like finishes, including a deep-soaking clawfoot cast iron tub with heated flooring.
Additional conveniences include central AC and heating, a large in-unit LG washer/dryer, high ceilings, and security features such as a video intercom and a gated entrance. Built in 2018, the duplex spans 1,128 SF and is described as convenient to the A/C trains at Utica by Fulton Park, with Citi Bike at the doorstep.
Key Highlights
- Three levels of private outdoor space with panoramic downtown Brooklyn/Manhattan views and rear garden views
- Oversized dual‑pane windows provide natural light from 3 exposures, plus hardwood floors, recessed lighting, and exposed brick
- Two bedrooms on separate levels with custom built closets and a lower‑level Murphy bed built‑in that converts to an office
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.5k | $51.00 |
| − Vacancy | −$1.1k | −$0.97 |
| EGI | $56.4k | $50.03 |
| − OpEx | −$16.9k | −$15.01 |
| NOI | $39.5k | $35.02 |
1,128 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$564.3K
$493.8K – $658.4K
NOI $39,504 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$492.0K
$430.5K – $574.0K
NOI $34,437 @ 7.0% cap · market cap 3.44%
Theoretical Best
Specialty Retail
$934.0K
$817.2K – $1.09M
NOI $65,379 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,518
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two bedrooms, two bathrooms, central AC, and three exposures of natural light near A/C trains at Utica by Fulton Park.
Where is this duplex located?
The property is located at 577 Madison Street 4B Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Three levels of private outdoor space with panoramic downtown Brooklyn/Manhattan views and rear garden views; Oversized dual‑pane windows provide natural light from 3 exposures, plus hardwood floors, recessed lighting, and exposed brick; Two bedrooms on separate levels with custom built closets and a lower‑level Murphy bed built‑in that converts to an office
