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701 Lexington Avenue, Brooklyn, NY 11221 Property Information

701 Lexington Avenue, Brooklyn, NY 11221 Property Information

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

Primary address 701 Lexington Avenue
Neighborhood Bedford-Stuyvesant
Zip code 11221
Borough Brooklyn
Block & lot 01621-0080

Sales & Tax Overview for 701 Lexington Avenue, Brooklyn

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Tax class

Lot & Building Information for 701 Lexington Avenue, Brooklyn

Lot sqft 2,500
Lot dimensions 25 ft x 100 ft
Building class Over Six Families without Stores (C1) i
Building sqft 5,000
Building dimensions 25 ft x 50 ft
Buildings on lot 1
Stories 4
Year built 1931
Construction type
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Zoning & Use for 701 Lexington Avenue, Brooklyn

Zoning
Residential units (DOF) 8
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 16
Community district 3
Closest police station 0.43 Miles
Closest fire station 0.31 Miles

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

Other Property Data for 701 Lexington Avenue, Brooklyn

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Floor area ratio (FAR) for 701 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 701 Lexington Avenue, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 701 Lexington Avenue, Brooklyn

What is the year built & the total sq. ft. for 701 Lexington Avenue, Brooklyn, NY 11221?

701 Lexington Avenue, Brooklyn, NY 11221 was built in 1931 and has a total of 5,000 square feet.

What is the assessed value of 701 Lexington Avenue, Brooklyn, NY 11221?

The assessed market value for the current tax year is $454,950.

When was 701 Lexington Avenue, Brooklyn, NY 11221 last sold?

701 Lexington Avenue, Brooklyn, NY 11221 was last sold in 10/01/2002.

How many residential units does this building have?

This building has 8 residential unit(s).

Ownership Information for 701 Lexington Avenue, Brooklyn

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Property owner name for 701 Lexington Avenue, Brooklyn, NY 11221
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Building contacts for 701 Lexington Avenue, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
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New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 701 Lexington Avenue, Brooklyn

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No recorded sales for this property.

Title Documents for 701 Lexington Avenue, Brooklyn

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Date Type Amount Party 1 Party 2 Doc image
04/22/2025 - D
05/01/2025 - R
Sundry Miscellaneous
(2025043000634001)
06/12/2023 - R UCC3 Continuation
(2023061200425001)
04/27/2018 - R UCC3 Amendment
(2018042500809001)
03/29/2018 - R UCC3 Continuation
(2018032200602001)
01/30/2018 - D
02/01/2018 - R
Satisfaction of Mortgage
(2018013101361001)
05/09/2013 - R UCC3 Amendment
(2013050701792001)
04/05/2013 - R UCC3 Continuation
(2013040500974001)
08/22/2003 - D
09/02/2003 - R
Initial UCC1
(2003082201604001)
11/14/2002 - R Assignment, Mortgage
(3920008983992)
11/14/2002 - R Mortgage
(3540008980954)
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R: Recorded date
D: Document date

Property Taxes for 701 Lexington Avenue, Brooklyn

Access detailed property tax data for 701 Lexington Avenue, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $0
Tax assessor's market value: $1,011,000
Assessed value: $454,950
Exemptions granted by city:

Assessment History for 701 Lexington Avenue, Brooklyn

Here's the assessment & property tax history for 701 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 $1,011,000 $454,950 $0 12.439% $4,550 $0 n/a
2024/25 $948,000 $426,600 $0 12.5% $4,235 $0 n/a
2023/24 $790,000 $355,500 $0 12.502% $3,922 $0 n/a
2022/23 $658,000 $296,100 $0 12.267% $3,849 $0 n/a
2021/22 $526,300 $236,835 $0 12.235% $3,717 $0 n/a

Permits for 701 Lexington Avenue, Brooklyn

The complete history of permits filed for 701 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
01/08/2024 Alteration
07/06/2023 Alteration
07/05/2023 Alteration
06/15/2023 Alteration
05/20/2023 Alteration
05/08/2023 Alteration
10/05/2022 Alteration
04/12/2021 Alteration
10/19/2016 Alteration type 3
10/12/2016 Alteration type 3
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q3/2025
$495
3.7% YoY
Median Price/Sqft Q2/2025
$503
7% YoY
Median Price/Sqft 2024
$470
2.1% 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 Patchen Ave & Broadway at NE Corner
Station lines J
Distance (miles) 0.318
View subway map
Bus Routes
Name Gates Av/Stuyvesant Av
Line B52
Distance (miles) 0.123

Neighbors for 701 Lexington Avenue, Brooklyn

Here are the neighbors for 701 Lexington Avenue, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
97 Malcolm X Blvd, Brooklyn 2,200 09/22/2015 $930,000
713 Lexington Ave, Brooklyn 3,300 06/16/2017
101 Malcolm X Blvd, Brooklyn 3,060 10/31/2003 $526,000
715 Lexington Ave, Brooklyn 3,300 07/27/2021 $10
721 Lexington Ave, Brooklyn 2,793 07/19/2019
942 Greene Ave, Brooklyn 5,160 11/25/2014
103 Malcolm X Blvd, Brooklyn 3,060 03/30/2004 $565,000
99 Malcolm X Blvd, Brooklyn 2,200 03/05/2021 $1,350,000
703 Lexington Ave, Brooklyn 11,250 02/09/1993
723 Lexington Ave, Brooklyn 2,721 11/07/2019
727 Lexington Ave, Brooklyn 2,961 04/29/2025 $1,400,000
91 A Malcolm X Blvd, Brooklyn 2,200 10/08/2018 $325,000
91 Malcolm X Blvd, Brooklyn 2,990 08/28/2017 $1,425,000
711 Lexington Ave, Brooklyn 3,300 04/09/2018 $10
717 Lexington Ave, Brooklyn 3,300 04/16/2007
89 Malcolm X Blvd, Brooklyn 10/12/2011
719 Lexington Ave, Brooklyn 3,300 11/10/2003 $280,000
699 Lexington Ave, Brooklyn 5,000 10/01/2002
93 Malcolm X Blvd, Brooklyn 1,680 09/28/2018 $514,826
725 Lexington Ave, Brooklyn 2,961 02/14/2006
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