Versatile Two-Family Townhouse in
For Sale
$1,600,000
587A LEXINGTON Avenue, Brooklyn, NY 11221
Charming two-family townhouse with expansion potential in Bedford-Stuyvesant.
Property Size1,100 SF
Lot Size0.05 Acres
Price / SF$1,454
Days on Market218
Property Features for 587A LEXINGTON Avenue
General Information
Standard status
Active
Size
1,100 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,040
Building Details
Building Size
1,100 SF
Year Built
1899
Listing Agency:
Corcoran Group
Listed By:
Chi Y Lui
(917) 242-7267
Source:
Carytamura
Added: Mar 24
Changed: Oct 25
Last Checked: Oct 26 at 10:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Group
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Investment Insights
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Located in the heart of Bedford-Stuyvesant, Brooklyn, this 20-foot-wide two-family townhouse offers charm, character, and flexibility. The property is currently configured as a spacious one-family home but can be converted back to a two-family residence. Situated on a 20' x 100' lot, the building measures 20' x 55', providing approximately 2,200 square feet of living space plus an unfinished basement. There is also approximately 1,800 square feet of unused buildable area, with a maximum buildable area of 4,000 square feet, allowing for future expansion. 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. 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 includes a large rear deck overlooking an expansive private backyard. The unfinished basement, with both front and rear access, offers additional possibilities for usable living space. The property has a new roof replaced in 2022, fully paid-off solar panels, and a tax abatement. A split AC system provides both heating and cooling. The property is conveniently located near supermarkets, shopping, dining, and subway transportation.
Key Highlights
- Excellent future expansion potential with approximately 1,800 square feet of unused buildable area.
- Easily convertible between a spacious one‑family home and a two‑family residence.
- Large rear deck and expansive private backyard provide excellent outdoor space.**
Property Analytics
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Location Intelligence
Trade Area within ½ mile
4,302
Businesses Nearby
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Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Charming two-family townhouse with expansion potential in Bedford-Stuyvesant.
Where is this duplex located?
The property is located at 587A LEXINGTON Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Excellent future expansion potential with approximately 1,800 square feet of unused buildable area.; Easily convertible between a spacious one‑family home and a two‑family residence.; Large rear deck and expansive private backyard provide excellent outdoor space.**
