--- title: "586 East 42nd Street, New York City, NY 11203" description: "586 East 42nd Street, New York City, NY 11203 — Single Family House in Farragut, Brooklyn, NY. Listing Price $825,000. 3 bed, 3 bath, 1,410 sqft Illustrative Buyer Commission Share of $12,375 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11203/586-east-42nd-street-ny-11203" source: "Real Estate Rebate Team" dateModified: "2026-09-03T21:27:12.115Z" status: "Active" --- # 586 East 42nd Street, New York City, NY 11203 Single Family House in Farragut, Brooklyn, NY Courtesy of Compass Last updated: September 3, 2026, 5:27 PM ## At a Glance - **Listing Price**: $825,000 - **Beds**: 3 - **Total Baths**: 3 - **Sqft**: 1,410 - **Monthly Taxes**: $505 / mo - **Price per Sqft**: $585 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $825,000 - **Illustrative Buyer Commission Share**: -$12,375* - **Illustrative Net Cost**: $812,625 *Illustrative Buyer Savings of $12,375 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![586 East 42nd Street, New York City, NY 11203 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8d394890-6747-4b2f-b353-feabbfcba030.jpg) ![586 East 42nd Street, New York City, NY 11203 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/20931556-f11a-45f9-9fe7-2ea6652421bc.jpg) ![586 East 42nd Street, New York City, NY 11203 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7ee27b21-204b-456b-bf2a-bc8bddeefb5b.jpg) ![586 East 42nd Street, New York City, NY 11203 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3820f3ca-4e39-42a4-813d-e755e96a45b0.jpg) ![586 East 42nd Street, New York City, NY 11203 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c23187f1-835d-4395-8892-2d1c26fbff84.jpg) ![586 East 42nd Street, New York City, NY 11203 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fe6b3d96-fbf5-493d-b835-01afc3df5ba0.jpg) ![586 East 42nd Street, New York City, NY 11203 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2ce29611-66e2-4831-aab9-c0ee6868a6fd.jpg) ![586 East 42nd Street, New York City, NY 11203 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9ea0e578-ba56-481d-a785-560e949b3162.jpg) ![586 East 42nd Street, New York City, NY 11203 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/42dbd695-d18e-477c-bb3c-180b8717fceb.jpg) ![586 East 42nd Street, New York City, NY 11203 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c7abe35d-d482-4869-921d-d61b59e9fc7d.jpg) ## Property Overview Welcome to 586 East 42nd Street, a beautifully updated detached residence that seamlessly blends classic Brooklyn character with modern comfort. Set on a peaceful, tree-lined block in East Flatbush, this inviting three-bedroom, two-and-a-half-bath home offers generous living space, thoughtful renovations. **Ask about the Home loan grant from $10,000 to $20,000 that is available** The Roof was recently replaced and still under warranty in addition the rear siding was replaced at the same time. The house features a two zone Central Air Conditioning system (full control of the living room area and separately the upstairs area) plus central heat controlled by an updated thermostat. Filled with natural light, the home's welcoming interior begins with an open living and dining area accented by hardwood floors and oversized windows. The first floor features nine windows in total. The renovated eat-in kitchen has been thoughtfully designed with contemporary cabinetry, updated countertops, and modern appliances, creating a space that is as functional as it is stylish. A powder room on the main level adds everyday convenience. Upstairs, three well-proportioned bedrooms provide comfortable accommodations, complemented by a full bath and ample closet space. The finished lower level offers exceptional flexibility with a full bathroom, walk-out access, and a separate entrance—ideal for a recreation room, home office, gym, guest quarters, or extended living. Outside, a shared driveway leads to a private detached garage, a highly sought-after amenity that enhances both convenience and value. Perfectly positioned near neighborhood shops, parks, restaurants, schools, and public transportation, this move-in-ready home offers the best of residential Brooklyn living while remaining connected to everything the borough has to offer. Combining timeless architecture with modern updates and versatile living spaces, 846 East 48th Street presents an exceptional opportunity to own a detached home in one of East Flatbush's most established neighborhoods. ## Property Details - **Property Type**: Single Family Residence - **Beds**: 3 - **Total Baths**: 3 - **Rooms**: 10 - **Sqft**: 1,410 sqft - **Stories**: 2 - **Year Built**: 1930 - **Price per Sqft**: $585 - **Monthly Taxes**: $505 / mo - **Listed On**: Jul 28, 2026 - **Days on Market**: 49 Days ### Residence Features - Central Air - Forced Air - Natural Gas - In Unit - See Remarks - Private - Building Barbecue - Building Courtyard - Building Garden - Private Outdoor Space Over 60 Sqft - Eat-in Kitchen - Kitchen Island - Recessed Lighting - Walk-In Closet(s) - Dryer - Dishwasher - Gas Cooktop - Gas Oven - Refrigerator - Range Hood - Stainless Steel Appliance(s) - Washer - Hardwood - Tile - Full - Security System ### Building Amenities - Private ## Sales Evidence ### How this price compares The median closed price for comparable house sales in East Flatbush is $932,500, based on 8 sales between March 2022 and August 2026. This home is asking $825,000, $107,500 below that median. The middle half of those sales closed between $711,750 and $991,250. - **Median closed price**: $932,500 - **Middle half**: $711,750 – $991,250 - **Based on**: 8 house sales in East Flatbush - **Period**: March 2022 – August 2026 Square footage is recorded for only 3 of these 8 sales (38%), so no price per square foot is shown for this group. Floor areas are usually recorded for house sales, so this is a thin patch in the records rather than the norm. Across the 6 of these sales with a published asking price, the median closed at 94.6% of what it originally asked. 83% of them closed below the original ask. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across East Flatbush. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sold vs original ask**: 94.6% of the original ask - **Closed below ask**: 83% of 6 sales - **Listed → in contract**: 76 days (about 11 weeks) - **In contract → closed**: 85 days (about 12 weeks) Across the 6 of these sales with a published asking price, the median closed at 94.6% of what it originally asked. 83% of them closed below the original ask. Half of these homes were in contract within 76 days (about 11 weeks) of coming to market, based on the 7 with a recorded listing date. Once a deal was agreed, closing took a further 85 days (about 12 weeks), based on the 7 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 8 house sales in East Flatbush, March 2022 – August 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 586 East 42nd Street](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/586-east-42nd-street) ## Property Tax History Taxes at 586 East 42nd Street were $6,141 in 2026. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $50,700 | $12,780 | $37,920 | $30,574 | $6,141 | 20.085% (estimated) | | 2025 (FY 2025/26) | $45,360 | $12,780 | $32,580 | $30,574 | $6,141 | 20.085% (estimated) | | 2024 (FY 2024/25) | $43,260 | $12,780 | $30,480 | $29,768 | $5,979 | 20.085% | | 2023 (FY 2023/24) | $45,000 | $12,780 | $32,220 | $28,085 | $5,641 | 20.085% | | 2022 (FY 2022/23) | $40,140 | $12,780 | $27,360 | $27,004 | $5,484 | 20.309% | | 2021 (FY 2021/22) | $39,060 | $12,780 | $26,280 | $25,478 | $5,086 | 19.963% | | 2020 (FY 2020/21) | $33,060 | $12,780 | $20,280 | $25,478 | $5,362 | 21.045% | | 2019 (FY 2019/20) | $31,860 | $12,780 | $19,080 | $24,807 | $4,955 | 21.167% | | 2018 (FY 2018/19) | $23,404 | — | — | $23,404 | $4,896 | 20.919% | | 2017 (FY 2017/18) | $22,503 | — | — | $22,503 | $4,587 | 20.385% | | 2016 (FY 2016/17) | $21,232 | — | — | $21,232 | $4,244 | 19.991% | | 2015 (FY 2015/16) | $21,232 | — | — | $21,232 | $4,152 | 19.554% | | 2014 (FY 2014/15) | $20,673 | — | — | $20,673 | $3,960 | 19.157% | | 2013 (FY 2013/14) | $19,504 | — | — | $19,504 | $3,743 | 19.191% | | 2012 (FY 2012/13) | $18,753 | — | — | $18,753 | $3,482 | 18.569% | | 2011 (FY 2011/12) | $17,694 | — | — | $17,694 | $3,221 | 18.205% | | 2010 (FY 2010/11) | $17,694 | — | — | $17,694 | $3,072 | 17.364% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3049750019. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 586 East 42nd Street 586 East 42nd Street, Brooklyn, NY 11203 A Townhouse in the neighborhood built in 1930. - **Year Built**: 1930 - **Total Units**: 1 - **Floors**: 2 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/586-east-42nd-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11203/586-east-42nd-street-ny-11203) | 3 | 2 | 1,410 sqft | $585 | $825,000 | Compass | Jul 28, 2026 | 48 days | ## Estimated Monthly Payment **$4,677 / month**, assuming a 20% down payment ($165,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $4,172 - **Property Taxes**: $505 Estimates only. Actual payments may vary. Confirm terms with your lender. ## East Flatbush Overview of East Flatbush [Explore East Flatbush](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/east-flatbush) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Farragut - [Flatbush real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/flatbush) - [Flatlands real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/flatlands) - [Brownsville real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brownsville) - [Crown Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) - [Canarsie real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/canarsie) ## Related Links - [586 East 42nd Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/586-east-42nd-street) - [East Flatbush neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/east-flatbush) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.