$1,700,000

587 A Lexington Avenue, Brooklyn, Ny 11221

  • 7 Beds
  • 2 Baths
  • 2,000 Sqft lot
  • Updated: April 28
  • 3
    Views for last 30 days
  • 1
  • MLS#23765270

About the Property

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
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 type

    House

  • Year built

    1899

Features

  • Garden
  • Terrace
  • Fire Pit
  • Outdoor Living Space
  • Investment Property
  • Office
  • Balcony
  • Basement
  • Air Conditioning
Features

Lot

  • Investment Property

Indoor

  • Office
  • Air Conditioning
  • Basement
  • Stone Countertops

Outdoor

Explore the Area

587A Lexington Avenue, Brooklyn, NY 11221, New York, New York, United States View on Google Maps
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Joe Lui
New York, United States
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Joe Lui Joe Lui background
6
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2020
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Corcoran SoHo
Corcoran SoHo
524 Broadway Fl 3rd, 10012, New York, New York, United States
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Last updated
April 28
First listed
Mar 24
Listing reference
jqm2rx
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