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About This Home

This 7-bedroom, 2-bathroom residential multi family at 587A Lexington Ave in Brooklyn, NY is listed for $1,800,000 ($818 per sqft). the home offers 2,200 sqft of living space on a N/A lot.

Agent Description

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 upsi

de, 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.

Key Features

  • 2 stories

Property Details

2 stories
2 full

Amenities

SolarBasement

Monthly Cost Estimate

$9,627/mo

20% down · 6.5% · 30 years

Principal$1,302
Interest$7,800
Insurance$525

Estimates only. Actual payments may vary.

Location

587A Lexington Ave

Brooklyn, NY 11221

Property Details

Parking

Garage

Questions & Answers

This 7-bedroom, 2-bathroom residential multi family at 587A Lexington Ave is listed at $1,800,000 ($818/sqft). The estimated monthly payment is $7,800 based on 20% down at 6.5% interest.

Key features include: 2 stories.

This property is listed by Joe Lui and can be reached at 9178867006 or Jlui@corcoran.com.

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JL

Joe Lui

Agent at CORCORAN GROUP

(917) 886-7006

Listed by CORCORAN GROUP · View on Broker Site

MLS# 11679112· Source: listhub· Updated 17 days ago

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

587A Lexington Ave, Brooklyn, NY 11221

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