Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Under Contract – Backup offers may be accepted

588 Monroe Street

Pending · Listing by Corcoran Group

588 Monroe Street

Bedford-Stuyvesant, Brooklyn

$1,599,000

Interested in this property?
Pending For Sale Multi Family

$1,599,000

$714 per sq ft

588 Monroe Street

Bedford-Stuyvesant, Brooklyn

MLS® #RLS20088330

RLS at REBNY

Listing by Corcoran Group

5
Bedrooms
3
Baths
2,241
Sq. Ft.
1899
Year Built

Quick Summary

Bedrooms 5
Bathrooms 3
Living Area 2,241 sq ft
Lot Size 1,900 sq ft
Year Built 1899
Ownership None
Property Taxes $4,068/yr
Neighborhood Bedford-Stuyvesant
Floor 1 of 2

Property Highlights

  • Views: Other
  • Outdoor Space: Patio
  • Climate Control: Other, Wall Units

Property Details

Type Multi Family
Ownership None
Total Rooms 11
Baths 3 Full
Floor 1 of 2
View Other
Cooling Other, Wall Units
Pets Yes
Year Built 1899
Living Area 2,241 sq ft
Structure Type Townhouse
Furnished Unfurnished
Lot Size 1,900 sq ft
Block/Lot 01640/0036

Listing History

Event Date Price Change
Listed May 1, 2026 $1,599,000 -
Currently Aug 24, 2026 $1,599,000 -

Description

The One You Make Your Own. Some houses arrive finished. Others arrive with something better: good bones, honest character, and room to become exactly what you need. 588 Monroe Street is the latter - a classic two-family Bedford-Stuyvesant townhouse that has remained in the same family for generations, cared for over time, and now ready for your next chapter. Offered at an approachable entry point for townhouse buyers, this is the kind of opportunity that has become harder to find: a home with solid fundamentals, real architectural charm, and the flexibility to improve now, later, or over time. Built 18.67 feet wide on a 100-foot lot, the home spans approximately 40 feet deep with additional unused FAR of roughly 1,494 square feet, creating the potential to expand if desired. The current configuration is the classic Brooklyn setup: a garden/parlor owner's duplex with approximately 2.5 bedrooms and 2 baths, plus a 1.5-bedroom,1 Bath upper residence above. What makes this property especially compelling is what hasn't happened here. It has not been over-altered, awkwardly chopped up, or neglected beyond repair. Instead, it remains structurally sound, functional, and move-in ready, with key systems, plumbing and electric, in working order. The family has lived here comfortably for years, maintaining the home and preserving the next owner from the kind of overwhelming gut renovation many townhouses require today. Inside, there is a layered mix of old and new. Original details still speak throughout the home: ceiling medallions, ornate plasterwork, decorative wall and ceiling designs, the original staircase and banister, and beautifully preserved touches like the plaster ribbon detailing that carries through the foyer and stair hall. Kitchens and baths have seen updates over the years, offering usable spaces today while leaving room for cosmetic improvements tomorrow. That is the key differentiation here: this is not a rescue project. It is a canvas. A house where a thoughtful renovation can honor the past while bringing the interiors into the present. Live in one unit while improving the other. Refresh room by room. Reconfigure as a magnificent single-family. Or maintain the two-family setup and enjoy the flexibility that comes with it. And then there is the block. Located in the coveted Stuyvesant Heights section of Bedford-Stuyvesant, between Lewis Avenue and Stuyvesant Avenue, this stretch of Monroe is lined with handsome turn-of-the-century townhouses, mature trees, and the kind of streetscape that defines classic brownstone Brooklyn. When paired with amazing transportation, chic eateries, and dynamic shops, it feels residential, rooted, and ready to be deeply loved. This is the chance to buy the house with the right ingredients in the right place - the kind of home where doing a little can go a very long way. Find your sweet spot.

Features & Amenities

Interior Features

Entrance Foyer Smoke Free Washer Hookup See Remarks

Exterior Features

Building Garden Private Outdoor Space Over60 Sqft Patio

Building Amenities

Green Building

Building Information

Building Data View Compliance & Permits
Total Units 2
Stories 2
Structure Townhouse

Financial Details

RE Taxes $4,068/yr ($339/mo)

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

78

Median Asking Price

$1.47M

Median $/Sqft

$887

Avg Days on Market

N/A

New This Week

1

Price Reduced

31%

Sold (30 Days)

17

Median Sale Price

$1.82M

Live data from RLS at REBNY • Updated 8/23/26, 11:24 PM EST

Similar Listings in Bedford-Stuyvesant

View All

Location

Loading map...

588 Monroe Street, Bedford-Stuyvesant, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1899
Year Built
127 years old
2
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $104,640
Land Value: $18,960
Exemptions: $0

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

Lot Area: 1,867 SF
Building Area: 2,241 SF
Built FAR: 1.2
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 annual property tax is $4,068, or roughly $339 per month. Verify the current assessment with your attorney before closing.

This property has 5 bedrooms and 3 full bathrooms.

The listed interior living area is 2,241 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1899, making it approximately 127 years old.

This listing is None

Pet policy requires confirmation with Milton Coste. Additional notes: UnitNo

At the current list price of $1,599,000 for 2,241 sq ft, the asking price per square foot is approximately $714. 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 [email protected]. 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: RLS20088330
First Listed: 5/1/2026
On Market: 5/1/2026
Price Changed: 5/1/2026
Pending Since: 7/5/2026
Contract Date: 5/1/2026

Listing Courtesy of Corcoran Group - Toni M Martin

Listing Contact: (718) 288-7703

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 8/24/2026 at 3:24 AM UTC

See it in person

Bedford-Stuyvesant Market Update

17 sales last 30 days · $1.47M median · 4.6 months supply

Read Full Report

New listings in this neighborhood

Quick Facts

Status Pending Type Multi Family Neighborhood Bedford-Stuyvesant Borough Brooklyn
County Kings
Floor 1 of 2
Year Built 1899
First Listed 5/1/2026
Living Area 2,241 sqft
Annual Tax $4,068

Monthly Costs Estimate

Down Payment 20%

$319,800

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $339
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$15,990

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

Back to Search

Find more properties

Buying Multi-Family? Start Here

2–4 Unit Multi-Family Investing in NYC

Cap rates, financing, and what to look for in small multifamily.

Read article

NYC Closing Costs: Complete Breakdown

Buyer and seller closing costs itemized, including what to budget for.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email