588 MONROE Street Brooklyn, NY $ 1,599,000
588 MONROE Street
$ 1,599,000
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588 MONROE Street

Brooklyn, NY, 11221
$ 1,599,000
Bedrooms5 Baths3.0 Sq 2,241

Monthly Estimate*

$ 9,845

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Multi-Family Home for sale in Brooklyn, NY

for $1,599,000 with 5 bedrooms and 3 full baths. This 2,241 square foot home was built in 1899.

The One You Mаke Υour Οwn.
Sοmе hοuses arrivе fіnіѕhed. Οthers arrive with something better: good bones, honest character, and room to become exactly what you need. 588 Monroe Street is the latter - a classic two-family Bedford-Stuyvesant townhouse that has remained in the same family for generations, cared for over time, and now ready for your next chapter.

Offered at an approachable entry point for townhouse buyers, this is the kind of opportunity that has become harder to find: a home with solid fundamentals, real architectural charm, and the flexibility to improve now, later, or over time.

Built 18.67 feet wide on a 100-foot lot, the home spans approximately 40 feet deep with additional unused FAR of roughly 1,494 square feet, creating the potential to expand if desired. The current configuration is the classic Brooklyn setup: a garden/parlor owner's duplex with approximately 2.5 bedrooms and 2 baths, plus a 1.5-bedroom,1 Bath upper residence above.

What makes this property especially compelling is what hasn't happened here. It has not been over-altered, awkwardly chopped up, or neglected beyond repair. Instead, it remains structurally sound, functional, and move-in ready, with key systems, plumbing and electric, in working order. The family has lived here comfortably for years, maintaining the home and preserving the next owner from the kind of overwhelming gut renovation many townhouses require today.

Inside, there is a layered mix of old and new. Original details still speak throughout the home: ceiling medallions, ornate plasterwork, decorative wall and ceiling designs, the original staircase and banister, and beautifully preserved touches like the plaster ribbon detailing that carries through the foyer and stair hall. Kitchens and baths have seen updates over the years, offering usable spaces today while leaving room for cosmetic improvements tomorrow.

That is the key differentiation here: this is not a rescue project. It is a canvas. A house where a thoughtful renovation can honor the past while bringing the interiors into the present. Live in one unit while improving the other. Refresh room by room. Reconfigure as a magnificent single-family. Or maintain the two-family setup and enjoy the flexibility that comes with it.

And then there is the block. Located in the coveted Stuyvesant Heights section of Bedford-Stuyvesant, between Lewis Avenue and Stuyvesant Avenue, this stretch of Monroe is lined with handsome turn-of-the-century townhouses, mature trees, and the kind of streetscape that defines classic brownstone Brooklyn. When paired with amazing transportation, chic eateries, and dynamic shops, it feels residential, rooted, and ready to be deeply loved.

This is the chance to buy the house with the right ingredients in the right place - the kind of home where doing a little can go a very long way.

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Multi-Family Active

Price

$ 1,599,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,068

Style

Year Built

1899

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

RLS20088330

List By
Toni M Martin

Listing Agent

Corcoran Group

Broker

(718) 288-7703

Phone

Affordability Calculator

$10,184
Per Month
97%
3%
0%
Monthly Principal & Interest
$9,845
Monthly Property Taxes
$339
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
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Pricing History
DatePricePrice ChangeDescription
5/1/2026$1,599,000 Listed Price

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588 MONROE Street, Brooklyn, NY, 11221 is a Multi-Family Home for sale at $1,599,000 with 2,241 sqft. 588 MONROE Street has 5 bedrooms, 3.0 baths, and was built in 1899. The property's zip code is 11221 which is in Brooklyn, NY