---
title: "587A LEXINGTON Avenue, New York City, NY 11221"
description: "587A LEXINGTON Avenue, New York City, NY 11221 — Townhouse in Stuyvesant Heights, Brooklyn, NY. Listing Price $1,600,000. 7 bed, 2 bath, 1,100 sqft Illustrative Buyer Commission Share of $24,000 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11221/587a-lexington-avenue-ny-11221"
source: "Real Estate Rebate Team"
dateModified: "2026-09-02T01:42:34.828Z"
status: "Active"
---

# 587A LEXINGTON Avenue, New York City, NY 11221

Townhouse in Stuyvesant Heights, Brooklyn, NY

Courtesy of Corcoran Group

Last updated: September 1, 2026, 9:42 PM

## At a Glance

- **Listing Price**: $1,600,000
- **Beds**: 7
- **Baths**: 2
- **Sqft**: 1,100
- **Monthly Taxes**: $170 / mo
- **Price per Sqft**: $1,455
- **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**: $1,600,000
- **Illustrative Buyer Commission Share**: -$24,000*
- **Illustrative Net Cost**: $1,576,000

*Illustrative Buyer Savings of $24,000 — 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)

![587A LEXINGTON Avenue, New York City, NY 11221 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f7200bdc-8c73-42db-84c6-da3efe84c5ed.jpg)
![587A LEXINGTON Avenue, New York City, NY 11221 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f79c57ac-d3f8-454c-a6fb-c165986faa61.jpg)
![587A LEXINGTON Avenue, New York City, NY 11221 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d1c56508-2bf7-4f2c-8f84-933bf63d7bf4.jpg)
![587A LEXINGTON Avenue, New York City, NY 11221 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4060f650-6abd-4396-9635-7765b67827e2.jpg)
![587A LEXINGTON Avenue, New York City, NY 11221 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a32503fb-23f3-4c47-8eb5-14f99f253ea3.jpg)
![587A LEXINGTON Avenue, New York City, NY 11221 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/986df2d6-ff6e-4f22-a6ba-5e55bb15b80b.jpg)
![587A LEXINGTON Avenue, New York City, NY 11221 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8b1371d0-a196-4b1f-b925-aaa4e606c16b.jpg)
![587A LEXINGTON Avenue, New York City, NY 11221 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e54643e2-dcad-4e84-820a-310bebd5a6a8.jpg)
![587A LEXINGTON Avenue, New York City, NY 11221 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/82f2ffbc-74bf-4599-bf33-4313c84e95e1.jpg)
![587A LEXINGTON Avenue, New York City, NY 11221 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a3645562-b1cc-4944-873c-4d167cfe2967.jpg)

## Property Overview

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.

## Property Details

- **Property Type**: Multi Family
- **Beds**: 7
- **Baths**: 2
- **Rooms**: 13
- **Sqft**: 1,100 sqft
- **Stories**: 2
- **Year Built**: 1899
- **Price per Sqft**: $1,455
- **Monthly Taxes**: $170 / mo
- **Listed On**: Mar 24, 2026
- **Days on Market**: 172 Days

### Residence Features

- Washer Hookup
- In Unit
- Smoke Free
- Washer Dryer Allowed

## Sales Evidence

### How this price compares

The median closed price for comparable house sales in Stuyvesant Heights is $1,781,000, based on 23 sales between November 2021 and August 2026. This home is asking $1,600,000, $181,000 below that median. The middle half of those sales closed between $1,537,500 and $2,150,000.

- **Median closed price**: $1,781,000
- **Middle half**: $1,537,500 – $2,150,000
- **Based on**: 23 house sales in Stuyvesant Heights
- **Period**: November 2021 – August 2026
- **Median $/ft²**: $696/ft²

Across the 21 of these sales with a published asking price, the median closed at 96.1% of what it originally asked. 76% 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 Stuyvesant Heights. Apartment sales are excluded from it entirely.

### How these sales were negotiated

- **Sold vs original ask**: 96.1% of the original ask
- **Closed below ask**: 76% of 21 sales
- **Listed → in contract**: 68 days (about 10 weeks)
- **In contract → closed**: 64 days (about 9 weeks)

Across the 21 of these sales with a published asking price, the median closed at 96.1% of what it originally asked. 76% of them closed below the original ask.

Half of these homes were in contract within 68 days (about 10 weeks) of coming to market, based on the 20 with a recorded listing date.

Once a deal was agreed, closing took a further 64 days (about 9 weeks), based on the 20 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 23 house sales in Stuyvesant Heights, November 2021 – 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 587A LEXINGTON Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/587a-lexington-avenue)

## Price and Property History for 587A LEXINGTON Avenue

Review the recorded listing activity for 587A LEXINGTON Avenue, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $100,000, or 5.9%, on September 1, 2026
- **Originally listed**: March 24, 2026 at $1,800,000
- **Current asking price**: $1,600,000

| Date | Price | Listing event |
| --- | --- | --- |
| September 1, 2026 | $1,600,000 | Asking price reduced by $100,000, or 5.9% |
| April 28, 2026 | $1,700,000 | Asking price reduced by $100,000, or 5.6% |
| March 24, 2026 | $1,800,000 | Listed for sale by Corcoran Group |

## Property Tax History

Taxes at 587A LEXINGTON Avenue were $4,145 in 2026, up 3.1% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $78,180 | $19,500 | $58,680 | $20,635 | $4,145 | 20.085% (estimated) |
| 2025 (FY 2025/26) | $73,680 | $19,500 | $54,180 | $20,024 | $4,022 | 20.085% (estimated) |
| 2024 (FY 2024/25) | $60,420 | $19,500 | $40,920 | $18,916 | $3,799 | 20.085% |
| 2023 (FY 2023/24) | $74,160 | $19,500 | $54,660 | $18,054 | $3,626 | 20.085% |
| 2022 (FY 2022/23) | $62,040 | $19,500 | $42,540 | $17,196 | $3,492 | 20.309% |
| 2021 (FY 2021/22) | $68,040 | $19,500 | $48,540 | $17,196 | $3,433 | 19.963% |
| 2020 (FY 2020/21) | $82,500 | $19,500 | $63,000 | $16,687 | $3,512 | 21.045% |
| 2019 (FY 2019/20) | $86,760 | $19,500 | $67,260 | $15,763 | $3,337 | 21.167% |
| 2018 (FY 2018/19) | $15,045 | — | — | $15,045 | $3,147 | 20.919% |
| 2017 (FY 2017/18) | $14,330 | — | — | $14,330 | $2,921 | 20.385% |
| 2016 (FY 2016/17) | $14,330 | — | — | $14,330 | $2,865 | 19.991% |
| 2015 (FY 2015/16) | $13,906 | — | — | $13,906 | $2,719 | 19.554% |
| 2014 (FY 2014/15) | $13,136 | — | — | $13,136 | $2,516 | 19.157% |
| 2013 (FY 2013/14) | $12,538 | — | — | $12,538 | $2,406 | 19.191% |
| 2012 (FY 2012/13) | $11,942 | — | — | $11,942 | $2,218 | 18.569% |
| 2011 (FY 2011/12) | $11,942 | — | — | $11,942 | $2,174 | 18.205% |
| 2010 (FY 2010/11) | $11,589 | — | — | $11,589 | $2,012 | 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 3016190069. 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

### 587A LEXINGTON Avenue

587A LEXINGTON Avenue, Brooklyn, NY 11221

A building in the neighborhood, currently featuring 1 active listing.

- **Year Built**: 1899
- **Total Units**: 1
- **Floors**: 2

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/587a-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/11221/587a-lexington-avenue-ny-11221) | 7 | 2 | 1,100 sqft | $1,455 | $1,600,000 (-5.9%) | Corcoran Group | Mar 24, 2026 | 172 days |

## Estimated Monthly Payment

**$8,260 / month**, assuming a 20% down payment ($320,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $8,090
- **Property Taxes**: $170

Estimates only. Actual payments may vary. Confirm terms with your lender.

## 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

- [587A LEXINGTON Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/587a-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.