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$1,768,500
List Price: $1,800,000
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587A Lexington Avenue
Townhouse in Stuyvesant Heights •  building info
7bd • 2ba
Buy with Yoreevo

$1,768,500

List Price

$1,800,000

Key Details
Listed today
Last price change
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Estimated payment
$9,883/mo
Taxes
$170/mo
Maintenance
N/A
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 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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Important Stuff
Washer/Dryer in unit
Building amenities
Services and facilities
Fios Available
Building info

History
What it'll cost
Purchase price
$1,800,000
Asking Price: $1,800,000
Term
30 Years
Down Payment
$180,000 (10%)
Min: 10% (180,000)
Rate
6.0 %
Mortgage Amount
$1,620,000
Mortgage Payment
$9,713
Taxes
$170
Estimated Yoreevo rebate
$31,500
Estimated closing cost
$63,000
Total monthly cost $9,883
Buy your dream home with us and get an estimated $31,500 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Corcoran Group

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