--- title: "551 LEXINGTON Avenue, New York City, NY 11221" description: "551 LEXINGTON Avenue, New York City, NY 11221 — Townhouse in Stuyvesant Heights, Brooklyn, NY. Listing Price $1,895,000. Price Reduced: Reduced $100,000 (5%) from $1,995,000 on September 14, 2026. 3 bed, 4 bath, 1,705 sqft Illustrative Buyer Commission Share of $28,425 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11221/551-lexington-avenue-ny-11221" source: "Real Estate Rebate Team" dateModified: "2026-09-16T21:44:39.623Z" status: "Active" --- # 551 LEXINGTON Avenue, New York City, NY 11221 Townhouse in Stuyvesant Heights, Brooklyn, NY Courtesy of Serhant Last updated: September 16, 2026, 5:44 PM ## At a Glance - **Listing Price**: $1,895,000 - **Price Reduced**: Reduced $100,000 (5%) from $1,995,000 on September 14, 2026 - **Beds**: 3 - **Baths**: 4 - **Sqft**: 1,705 - **Monthly Taxes**: $129 / mo - **Price per Sqft**: $1,111 - **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**: $1,895,000 - **Illustrative Buyer Commission Share**: -$28,425* - **Illustrative Net Cost**: $1,866,575 *Illustrative Buyer Savings of $28,425 — 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) ![551 LEXINGTON Avenue, New York City, NY 11221 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/98a7b89b-6b99-4ef1-86be-85fe2a09f1ea.jpg) ![551 LEXINGTON Avenue, New York City, NY 11221 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f09ae820-66e2-477c-bc8f-bacba334c1dd.jpg) ![551 LEXINGTON Avenue, New York City, NY 11221 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/32331876-78b4-44db-86de-db8107e6bba3.jpg) ![551 LEXINGTON Avenue, New York City, NY 11221 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b34140a2-9a94-40d2-b1ce-689181f10cb7.jpg) ![551 LEXINGTON Avenue, New York City, NY 11221 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/55be587a-fbec-4571-8423-a527c5f690a2.jpg) ![551 LEXINGTON Avenue, New York City, NY 11221 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4713633b-ef27-46d1-9774-4fdd006ffa94.jpg) ![551 LEXINGTON Avenue, New York City, NY 11221 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d8498c27-d835-43ba-8946-627fa18e1798.jpg) ![551 LEXINGTON Avenue, New York City, NY 11221 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e7861a37-23bc-4216-9c61-bf9430b82d99.jpg) ![551 LEXINGTON Avenue, New York City, NY 11221 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/23935def-fdfb-4ada-9b08-b7203b2d43ca.jpg) ![551 LEXINGTON Avenue, New York City, NY 11221 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/11c04a52-a5cb-4026-89e9-2e97b7f4059f.jpg) ## Property Overview Welcome to 551 Lexington Avenue, a turn of the century Italianate rowhouse that reflects Brooklyn living at its finest. Rich in detail and timeless character, this distinguished 19th century residence embodies the elegance and craftsmanship of classic townhouse living. Ornate picture moldings, restored finishes, and thoughtfully preserved details lend the home a sense of warmth and authenticity throughout. A covered porch entry leads into the main level, where the living space unfolds with exceptional scale and natural light. Anchoring the room is a beautifully restored original wood burning marble fireplace and mantel, serving as both a focal point and a reflection of the home's historic character. Hardwood floors reclaimed from the former Sunshine Biscuits factory in Long Island City have been masterfully restored and span the entirety of the first and second levels. The windowed kitchen is designed with both function and refinement in mind, appointed with a suite of professional Bertazzoni appliances, including a five-burner gas range, refrigerator, and dishwasher. A striking waterfall stone island encased in honed Brilliant Black Quartzite offers additional preparation space and seating, while custom built-in shelving throughout the level provides both utility and an elegant backdrop for display and design. Positioned at the rear of the main level is a flexible bedroom or home office complete with an en-suite bath and direct access to the private backyard. The bathroom is distinguished by a restored barn door with original mechanisms reclaimed from an Upstate New York farmhouse, as well as a stained glass window repurposed from a historic church, introducing a rare and artful architectural moment into the space. Fully integrated speakers bring the entire main level of the home to life and extend seamlessly into the rear yard through a dedicated outdoor sound system, creating an ideal setting for both everyday living and entertaining. Thoughtfully reimagined, the outdoor space is finished with cobblestone hardscaping, natural grass, and mature landscaping, offering a rare sense of tranquility and greenery in the heart of Brooklyn. Upstairs, the primary suite spans the full width of the townhouse, offering an expansive and tranquil retreat. An exposed brick wall adds texture and warmth, while a private terrace extends the living experience outdoors. The suite comfortably accommodates a king-sized bedroom set and is complemented by a walk-through closet and a designer en-suite bath illuminated by an overhead skylight that fills the space with soft natural light. Beyond the primary suite is a well-appointed secondary bedroom featuring its own en-suite bath, complete with a deep soaking tub, radiant heated floors, and rainfall shower. The finished lower level offers additional flexibility for a den, office, recreation space, or storage, complete with a full bath and access to the rear yard. Finished concrete flooring introduces a modern edge, while a GE vented washer and dryer complete the level. Set in the heart of Bedford-Stuyvesant, 551 Lexington Avenue is moments from some of the neighborhood's most acclaimed cafes and restaurants, including Chez Oskar, Trad Room, Peaches, KYO Brooklyn, and Saraghina Bakery. Convenient access to the J/M/Z, G, and A/C subway lines allows for an easy commute throughout Brooklyn and Manhattan . 551 Lexington Avenue is more than a home; it is a thoughtfully restored piece of Brooklyn history, seamlessly blending modern comfort with timeless character and craftsmanship. ## Property Details - **Property Type**: Single Family Residence - **Beds**: 3 - **Baths**: 4 - **Rooms**: 6 - **Sqft**: 1,705 sqft - **Stories**: 1 - **Year Built**: 1899 - **Price per Sqft**: $1,111 - **Monthly Taxes**: $129 / mo - **Listed On**: Jun 30, 2026 - **Days on Market**: 81 Days ### Residence Features - Ductless - Building Other - In Unit - Garden - Private Outdoor Space Over 60 Sqft - Smoke Free - Walk-In Closet(s) - Dishwasher - Washer Dryer Allowed ## Estimated Monthly Payment **$9,711 / month**, assuming a 20% down payment ($379,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $9,582 - **Property Taxes**: $129 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 551 LEXINGTON Avenue has 2 recorded sales since September 2021, the most recent for $655,000 in May 2025. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | Entire property (Single Family Residence) | 3 | — | $655,000 | — | May 5, 2025 | MLS | | Entire property (Multi Family) | 5 | 3,600 | $1,700,000 | $472/ft² | June 17, 2024 | MLS | ### How this price compares - **This home**: $1,895,000 - **Median sold price**: $1,781,000 - **Difference**: +$114,000 (+6.4%) - **This home, $/ft²**: $1,111 - **Median $/ft²**: $696 - **Comparable sales**: 23 - **Sales from**: November 2021 – August 2026 - **Middle half of those sales**: $1,537,500 – $2,150,000 Based on house sales in Stuyvesant Heights. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Stuyvesant Heights. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sale-to-list price**: 96.1% (21 sales) - **Sold below asking**: 76% (21 sales) - **Typical time to find a buyer**: 68 days (20 sales) - **Typical time to close**: 64 days (20 sales) Based on house sales in Stuyvesant Heights with the required listing and closing data. Sample sizes vary by metric. 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. Sales data through August 2026. 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 551 LEXINGTON Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/551-lexington-avenue) ## Price and Property History for 551 LEXINGTON Avenue Review the recorded listing activity for 551 LEXINGTON Avenue, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $100,000, or 5%, on September 14, 2026 - **Originally listed**: June 29, 2026 at $1,850,000 - **Current asking price**: $1,895,000 | Date | Price | Listing event | | --- | --- | --- | | September 14, 2026 | $1,895,000 | Asking price reduced by $100,000, or 5% | | June 30, 2026 | $1,995,000 | Returned to the market | | June 29, 2026 | $1,995,000 | Asking price reduced by $4,999, or 0.2% | | June 29, 2026 | $1,850,000 | Listed for sale by Serhant | ## Property Tax History Taxes at 551 LEXINGTON Avenue were $1,571 in 2026, up 0.2% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $71,220 | $13,980 | $57,240 | $7,820 | $1,571 | 20.085% (estimated) | | 2025 (FY 2025/26) | $54,180 | $13,980 | $40,200 | $7,807 | $1,568 | 20.085% (estimated) | | 2024 (FY 2024/25) | $53,100 | $13,980 | $39,120 | $7,702 | $1,547 | 20.085% | | 2023 (FY 2023/24) | $62,880 | $13,980 | $48,900 | $7,270 | $1,460 | 20.085% | | 2022 (FY 2022/23) | $68,880 | $13,980 | $54,900 | $6,874 | $1,396 | 20.309% | | 2021 (FY 2021/22) | $75,540 | $13,980 | $61,560 | $6,517 | $1,301 | 19.963% | | 2020 (FY 2020/21) | $65,580 | $13,980 | $51,600 | $6,506 | $1,369 | 21.045% | | 2019 (FY 2019/20) | $72,540 | $13,980 | $58,560 | $6,418 | $1,358 | 21.167% | | 2018 (FY 2018/19) | $6,058 | — | — | $6,058 | $1,267 | 20.919% | | 2017 (FY 2017/18) | $5,728 | — | — | $5,728 | $1,168 | 20.385% | | 2016 (FY 2016/17) | $5,431 | — | — | $5,431 | $1,086 | 19.991% | | 2015 (FY 2015/16) | $5,422 | — | — | $5,422 | $1,060 | 19.554% | | 2014 (FY 2014/15) | $5,349 | — | — | $5,349 | $1,025 | 19.157% | | 2013 (FY 2013/14) | $5,049 | — | — | $5,049 | $969 | 19.191% | | 2012 (FY 2012/13) | $4,774 | — | — | $4,774 | $886 | 18.569% | | 2011 (FY 2011/12) | $4,526 | — | — | $4,526 | $824 | 18.205% | | 2010 (FY 2010/11) | $4,519 | — | — | $4,519 | $785 | 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 3018010050. 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 ### 551 LEXINGTON Avenue 551 LEXINGTON Avenue, Brooklyn, NY 11221 A Townhouse in the neighborhood built in 1899. - **Year Built**: 1899 - **Active Units**: 1 - **Floors**: 1 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/551-lexington-avenue) ### 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/11221/551-lexington-avenue-ny-11221) | 3 | 4 | 1,705 sqft | $1,111 | $1,895,000 (-5.0%) | Serhant | Jun 30, 2026 | 80 days | ## Stuyvesant Heights Explore more real estate and insights about Stuyvesant Heights. [Explore Stuyvesant Heights](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/stuyvesant-heights) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Stuyvesant Heights - [Crown Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) - [Bushwick real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) - [Clinton Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/clinton-hill) - [Williamsburg real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/williamsburg) - [Prospect Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) - [Fort Greene real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/fort-greene) ## Related Links - [551 LEXINGTON Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/551-lexington-avenue) - [Stuyvesant Heights neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/stuyvesant-heights) - [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.