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587 Lexington Avenue, Brooklyn, NY 11221 Property Information

587 Lexington Avenue, Brooklyn, NY 11221 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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587 Lexington Avenue, Brooklyn, NY 11221 1
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Address

Primary address 587 Lexington Avenue
Neighborhood Bedford-Stuyvesant
Zip code 11221
Borough Brooklyn
Block & lot 01619-0170

Sales & Tax Overview for 587 Lexington Avenue, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 01/17/2014
Purchase price $840,000
Tax class

Lot & Building Information for 587 Lexington Avenue, Brooklyn

Lot sq. ft. 2,000
Lot dimensions 20 ft x 100 ft
Property type Two Family Frame (B2)
Building sqft 2,598
Building dimensions 20 ft x 41.65 ft
Buildings on lot 1
Stories 3
Structure type Row
Building material C block + brick
Exterior wall Combination
Basement type Full
Year built 2005
Frontage Lexington Avenue (wide)
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Zoning & Use for 587 Lexington Avenue, Brooklyn

Zoning
Residential units (DOF) 2
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 16
Community district 3
Closest police station 0.32 Miles
Closest fire station 0.21 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 587 Lexington Avenue, Brooklyn

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Floor area ratio (FAR) for 587 Lexington Avenue, Brooklyn, NY 11221, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 587 Lexington Avenue, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 587 Lexington Avenue, Brooklyn

What is the year built & the total sq. ft. for 587 Lexington Avenue, Brooklyn, NY 11221?

587 Lexington Avenue, Brooklyn, NY 11221 was built in 2005 and has a total of 2,598 square feet.

What is the assessed value of 587 Lexington Avenue, Brooklyn, NY 11221 and the property tax paid?

Assessed at $91,500, the tax amount paid for 587 Lexington Avenue, Brooklyn, NY 11221 is $9,093.

When was 587 Lexington Avenue, Brooklyn, NY 11221 last sold and what was the last sale price?

587 Lexington Avenue, Brooklyn, NY 11221 was last sold in 01/17/2014 for $840,000.

How many residential units does this building have?

This building has 2 residential unit(s).

Ownership Information for 587 Lexington Avenue, Brooklyn

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Property owner name for 587 Lexington Avenue, Brooklyn, NY 11221
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Building contacts for 587 Lexington Avenue, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Jun 23, 2026 NYC Resale Gains & Losses: Every Borough Made Money in 2025, Except Manhattan
In 2025, NYC home-sellers mostly made money. But, in Manhattan, resales came with losses — and it was apartments and recent buyers that absorbed them.
Eliza Theiss, Jun 04, 2026 World Cup or Your Mortgage/Rent? Ticket Prices Rival Host City Housing Costs
World Cup ticket prices rival monthly housing expenses in the 11 U.S. host cities, with even the cheapest seats covering weeks or even months of rent or mortgage payments.
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Past Sales & Property History for 587 Lexington Avenue, Brooklyn

Create a free account to view the complete sales history for 587 Lexington Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Sale date Sale price Buyer name Seller name
01/17/2014 $840,000
04/13/2012 $749,000
01/12/2007 $735,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 587 Lexington Avenue, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
02/17/2016 - R
02/01/2016 - D
Satisfaction of Mortgage
(2016020100152001)
02/10/2016 - R
01/19/2016 - D
Mortgage
(2016020200093001)
01/22/2015 - R
12/17/2014 - D
Agreement
(2015011300328004)
01/22/2015 - R
12/17/2014 - D
Mortgage
(2015011300328003)
01/22/2015 - R
12/15/2014 - D
Assignment, Mortgage
(2015011300328002)
01/22/2015 - R
12/15/2014 - D
Assignment, Mortgage
(2015011300328001)
02/18/2014 - R
01/17/2014 - D
Satisfaction of Mortgage
(2014012100358004)
02/18/2014 - R
01/17/2014 - D
Mortgage
(2014012100358003)
02/18/2014 - R
01/17/2014 - D
Deed
(2014012100358002)
02/18/2014 - R
01/13/2014 - D
Correction Deed
(2014012100358001)
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R: Recorded date
D: Document date

Property Taxes for 587 Lexington Avenue, Brooklyn

Access detailed property tax data for 587 Lexington Avenue, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2026-2027
Property tax: $9,093
Tax assessor's market value: $1,525,000
Assessed value: $91,500

Assessment History for 587 Lexington Avenue, Brooklyn

Here's the assessment & property tax history for 587 Lexington Avenue, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $1,751,000 $105,060 $45,827 19.843% $9,093 $9,093 -0.45%
2024/25 $1,383,000 $82,980 $45,480 20.085% $9,135 $9,135 +6.00%
2023/24 $1,360,000 $81,600 $42,907 20.085% $8,618 $8,618 +4.83%
2022/23 $1,323,000 $79,380 $40,480 20.309% $8,221 $8,221 +7.83%
2021/22 $1,324,000 $79,440 $38,189 19.963% $7,624 $7,624 -5.14%

Permits for 587 Lexington Avenue, Brooklyn

The complete history of permits filed for 587 Lexington Avenue, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
06/11/2001 New building
06/11/2001 New building
         
         
         
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Bedford-Stuyvesant Residential Market Stats

Access a detailed real estate market overview of Bedford-Stuyvesant so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Bedford-Stuyvesant and compare it to other neighborhoods in Brooklyn.

Median Sale Price
$1,278,806
16.3% YoY
Median Price/Sqft
$882
-12.8% YoY
Brooklyn Median Sale Price
$885,000
2.5% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Broadway & Myrtle Ave at NW Corner
Station lines J-M-Z
Distance (miles) 0.535
View subway map

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 308 Clara Cardwell 3 Yes Public PK, K-8 212 0.17
P.S. 308 Clara Cardwell 3 Yes Public PK, K-8 212 0.17
The Co-Op School NR No Private K-7 118 0.15
Ember Charter School 7 No Charter K-12 423 0.17
P.S. 25 Eubie Blake School 3 No Public PK, K-5 60 0.20

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
The Co-Op School NR No Private K-7 118 0.15
P.S. 308 Clara Cardwell 3 No Public PK, K-8 212 0.17
Ember Charter School 7 No Charter K-12 423 0.17
Success Academy Charter School-Nyc 9 9 No Charter 5-8 232 0.20
Unity Prep Charter School of Brooklyn 6 No Charter 6-12 558 0.27

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Boys and Girls High School 2 Yes Public 9-12 403 0.81
Ember Charter School 7 No Charter K-12 423 0.17
Unity Prep Charter School of Brooklyn 6 No Charter 6-12 558 0.27
Brooklyn Emerging Leaders Academy Charter School 2 No Charter 9-12 236 0.29
The Brooklyn Academy Of Global Finance 3 No Public 9-12 190 0.29

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 587 Lexington Avenue, Brooklyn

Here are the neighbors for 587 Lexington Avenue, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
426 Waverly Ave, Brooklyn 1,614 05/03/1973
316 Evergreen Ave, Brooklyn 7,475
1252 Bushwick Ave, Brooklyn 2,638 11/26/2013 $450,000
21 Stuyvesant Ave, Brooklyn 2,566 09/22/2020
1559 St Marks Ave, Brooklyn 2,700 11/20/2024 $990,000
1563 St Marks Ave, Brooklyn 2,700 05/01/2006 $337,646
10 Buffalo Ave, Brooklyn 3,800 12/18/2013
1567 St Marks Ave, Brooklyn 2,700 07/07/2006 $337,646
19 A Stuyvesant Ave, Brooklyn 3,225 12/12/2005 $637,000
1561 St Marks Ave, Brooklyn 2,700 08/07/2006 $338,997
1555 St Marks Ave, Brooklyn 2,700 08/24/2006 $337,646
1565 St Marks Ave, Brooklyn 2,700 07/20/2006 $337,646
277 Greene Ave, Brooklyn 4,039 04/24/2023 $6,206,814
1553 St Marks Ave, Brooklyn 2,700 07/28/2006 $337,646
1557 St Marks Ave, Brooklyn 2,700 05/04/2006 $337,646
3 Sutton St, Brooklyn 6,138 04/15/2025 $3,380,000
673 Meeker Ave, Brooklyn 10,100 04/15/2025 $2,077,000
356 Quincy St, Brooklyn 3,484 09/23/2022 $460,000
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