587A LEXINGTON Avenue Brooklyn, NY $ 1,800,000
587A LEXINGTON Avenue
$ 1,800,000
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587A LEXINGTON Avenue

Brooklyn, NY, 11221
$ 1,800,000
Bedrooms7 Baths2.0 Sq 1,100

Monthly Estimate*

$ 11,083

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Multi-Family Home for sale in Brooklyn, NY

for $1,800,000 with 7 bedrooms and 2 full baths. This 1,100 square foot home was built in 1899.

Welсomе to 587Α Lехіngton Ave, a 20'-wіdе bеаutiful twο-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.

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Multi-Family Active

Price

$ 1,800,000

Bedrooms

7

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,040

Style

Year Built

1899

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

RLS20079217

List By
Chi Y Lui

Listing Agent

Corcoran Group

Broker

(917) 242-7267

Phone

Affordability Calculator

$11,253
Per Month
98%
2%
0%
Monthly Principal & Interest
$11,083
Monthly Property Taxes
$170
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$1,800,000 Listed Price

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587A LEXINGTON Avenue, Brooklyn, NY, 11221 is a Multi-Family Home for sale at $1,800,000 with 1,100 sqft. 587A LEXINGTON Avenue has 7 bedrooms, 2.0 baths, and was built in 1899. The property's zip code is 11221 which is in Brooklyn, NY