Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
587A LEXINGTON Avenue
Interested in this property?
Active For Sale Multi Family

$1,700,000

587A LEXINGTON Avenue

Stuyvesant Heights, Brooklyn

MLS® #RLS20079217

RLS at REBNY

Listing by Corcoran Group

7

Bedrooms

2

Baths

N/A

Sq. Ft.

1899

Year Built

Quick Summary

Bedrooms 7
Bathrooms 2
Lot Size 2,000 sq ft
Year Built 1899
Ownership None
Property Taxes $2,040/yr
Neighborhood Stuyvesant Heights
Floor 1 of 2

Property Highlights

  • Views: Other
  • Climate Control: Other
  • Character: Pre-war building (1899)

Property Details

Type Multi Family
Ownership None
Total Rooms 13
Baths 2 Full
Floor 1 of 2
View Other
Cooling Other
Pets Yes
Year Built 1899
Structure Type Townhouse
Basement Other
Lot Size 2,000 sq ft
Block/Lot 01619/0069

Listing History

Event Date Price Change
Listed Mar 24, 2026 $1,800,000 -
Currently May 9, 2026 $1,700,000 -5.6%

Description

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.

Features & Amenities

Interior Features

Smoke Free Washer Hookup In Unit

Building Amenities

Green Building

Appliances

Washer Dryer Allowed

Building Information

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

Financial Details

RE Taxes $2,040/yr ($170/mo)
Original Price $1,800,000
Previous Price $1,800,000

Stuyvesant Heights is a historic Brooklyn neighborhood within the landmarked Bedford-Stuyvesant historic district, known for its brownstone architecture. Housing stock ranges from historic pre-war cooperatives to newer condominium developments, with A/C train service.

Stuyvesant Heights Live Market Data

View Neighborhood

Active Listings

48

Median Asking Price

$1.89M

Median $/Sqft

$750

Avg Days on Market

N/A

New This Week

5

Price Reduced

29%

Sold (30 Days)

4

Median Sale Price

$1.85M

Live data from RLS at REBNY • Updated 5/9/26, 2:07 PM EST

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Location

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587A LEXINGTON Avenue, Stuyvesant Heights, Kings County

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: $78,180
Land Value: $19,500
Exemptions: $0

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

Lot Area: 2,000 SF
Building Area: 2,200 SF
Built FAR: 1.1
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 $2,040, or roughly $170 per month. Verify the current assessment with your attorney before closing.

This property has 7 bedrooms and 2 full bathrooms.

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

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. 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: RLS20079217
First Listed: 3/24/2026
On Market: 3/24/2026
Price Changed: 4/28/2026
Contract Date: 3/24/2026

Listing Courtesy of Corcoran Group - Chi Y Lui

Listing Contact: (917) 242-7267

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 5/9/2026 at 6:07 PM UTC

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