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  • Price cut: $100K (4/28)
    $1,700,000

    587 Lexington Ave #A, Brooklyn, NY 11221

    7beds
    2,200sqft
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    Multi Family
    Built in 1899
    -- sqft lot
    $1,671,500 Zestimate®
    $773/sqft
    $-- HOA

    What's special

    Expansive private backyardDining room
    Welcome to 587A Lexington Ave, a 20'-wide beautiful two-family townhouse in the heart of Bedford-Stuyvesant, Brooklyn, rich with charm, character, and exceptional flexibility. Currently configured and enjoyed as a spacious one-family home, this property can be easily converted back to a true two-family residence, making it an excellent opportunity for end-users, investors, or buyers seeking multi-generational living. Set on a 20' x 100' lot with a 20' x 55' building, the home offers approximately 2,200 square feet plus an unfinished basement. The property also features approximately 1,800 square feet of unused buildable area, with a maximum buildable area of 4,000 square feet, offering exciting future expansion potential. In its current one-family layout, the second floor features 5 bedrooms, 1 home office, and 1 full bathroom. The first floor includes a living room, dining room, kitchen, 2 bedrooms, and 1 full bathroom. For buyers looking to restore the property to a two-family configuration for rental income, multi-generational living, or long-term investment upside, an alternative layout can accommodate a 3-bedroom, 1-bath unit over a 2-bedroom, 1-bath unit, each with its own living room, dining room, and kitchen. The home also offers excellent outdoor and bonus space, including a large rear deck overlooking an expansive private backyard, perfect for entertaining, gardening, relaxing, or outdoor dining. The unfinished basement, with both front and rear access, presents additional possibilities: finish it for more usable living space or combine it with the first floor to create a desirable duplex-style unit. Additional highlights include a new roof replaced in 2022, fully paid-off solar panels that help reduce energy costs, and a valuable tax abatement that helps keep property taxes low. The home is also equipped with a split AC system providing both heating and cooling for year-round comfort. Conveniently located around supermarkets, shopping, dining, and subway transportation, this is a rare opportunity to own a versatile Brooklyn property with charm, outdoor space, modern upgrades, and future upside in one of Bedford-Stuyvesant's most vibrant neighborhoods. Please note that photos with furniture are virtually staged.
    108 days
    |
    273
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Corcoran 212-941-2610,

    Chi Lui

    Source: StreetEasy,MLS#: S1817915

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 2
      • Full bathrooms: 2
      Appliances
      • Included: Washer/Dryer
      • Laundry: Inside
      Features
      • Flooring: Hardwood
      • Has fireplace: No
      Interior area
      • Total structure area: 2,200
      • Total interior livable area: 2,200 sqft

      Property

      Features
      • Patio & porch: Other
      • Exterior features: Courtyard, Garden
      • Has view: Yes
      • View description: City
      Details
      • Parcel number: 016190069
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1899

      Community & HOA

      Community
      • Subdivision: Stuyvesant Heights
      HOA
      • Has HOA: Yes
      • Amenities included: Laundry
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $773/sqft
      • Tax assessed value: $1,228,000
      • Annual tax amount: $2,040
      • Date on market: 3/24/2026

        Estimated market value

        $1,671,500

        $1.59M - $1.76M

        $4,516/mo

        Price history

        DateEventPrice
        4/28/2026Price change$1,700,000-5.6%$773/sqft
        Source: StreetEasy #S1817915 Report a problem
        3/24/2026Listed for sale$1,800,000+87.5%$818/sqft
        Source: StreetEasy #S1817915 Report a problem
        2/13/2017Sold$960,000+74.9%$436/sqft
        Source: Public Record Report a problem
        7/6/2005Sold$549,000$250/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,973 +4.6%$73,680 +21.9%
        2024$3,799 $60,420 -18.5%
        2023-- $74,160 +19.5%
        2022-- $62,040 -8.8%
        2021-- $68,040 -17.5%
        2020$3,532 +5.9%$82,500 -4.9%
        2019$3,337 +6%$86,760 +476.7%
        2018$3,147 +7.7%$15,045 +5%
        2017$2,921 +4.3%$14,330
        2016$2,802 $14,330 +3%
        2015$2,802 +71.9%$13,906 +5.9%
        2014$1,631 $13,136 +4.8%
        2013-- $12,538 +5%
        2012-- $11,942
        2011-- $11,942 +3%
        2010-- $11,589 +5.9%
        2009-- $10,947 +4.8%
        2008-- $10,449 +5%
        2007-- $9,952
        2006-- $9,952 +3%
        2005-- $9,658 +5.9%
        2004-- $9,123 +4.8%
        2003-- $8,708 +5%
        2002-- $8,294
        2001-- $8,294 +3%
        2000-- $8,049

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Bedford-Stuyvesant

        Getting around

        85 / 100
        Very Walkable
        77 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

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