New York City » 11221 » Lexington Ave » 551 Lexington Ave

551 Lexington Avenue, Brooklyn, NY 11221 - Property report

Also known as: 551 Lexington Ave

Property image for 551 Lexington Avenue, Brooklyn, NY 11221

Property type

City Residence One Family (A4)

Year built

1899

Lot sq. ft.

1,667

Sale price

$800,000

General information

Address

Primary address

551 Lexington Avenue

ZIP code

11221

Neighborhood

Bedford-Stuyvesant

Borough

Brooklyn

Block & lot

01801-0050

Building

Property type

City Residence One Family (A4)

Building sq. ft.

1,200

Building dimensions

16.67 ft x 33 ft

Buildings on lot

Stories

Year built

1899

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Sales

Sale date

05/23/2025

Sale price

$800,000

Tax

Tax year

2026-2027

Property tax

$1,552

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

Lexington Avenue (wide)

Distance to wide street

Lot dimensions

16.67 ft x 100 ft

Lot sq. ft.

1,667

Area overview

Walk score

87 /100. Very Walkable

Transit score

93 /100. Rider's Paradise

Bike score

79 /100. Very Bikeable

School district

Community district

Closest police station

0.23 Miles

Closest fire station

0.24 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 551 Lexington Avenue, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 551 Lexington Avenue, Brooklyn, NY 11221

Sale date	Sale price	Buyer name	Seller name
05/23/2025	$800,000	XX XXXXXXXXX XXXXXXXXX XXX	XXX XXXXXXXXX XXXXXX XXX
05/05/2025	$655,000	XXX XXXXXXXXX XXXXX XXX	XXXXXXXXX, XXXXXX
05/09/2011	$520,000	XXXXXXXXX, XXXXXX	XXXXX, XXXXXXXX X XXX XXXXXXX, XXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
06/27/2025 - R 05/23/2025 - D	Deed (2025062300908001)	XXX XXXXXXXXX XXXXXX XXX	XX XXXXXXXXX XXXXXXXXX XXX
05/12/2025 - R 05/05/2025 - D	Satisfaction of Mortgage (2025050900401003)	XXXXXXXXX XXXXXX	XXXXXXX XXXXXX
05/12/2025 - R 05/05/2025 - D	Satisfaction of Mortgage (2025050900401002)	XXXXXXXXX XXXXXX	XXXXXXX XXXXXX
05/12/2025 - R 05/05/2025 - D	Deed (2025050900401001)	XXXXXXXXX XXXXXX	XXX XXXXXXXXX XXXXX XXX
04/03/2025 - R 04/02/2025 - D	Satisfaction of Mortgage (2025040200866001)	XXXXXXX XXXXXXX	XXXXXXXX XXXXXXX XXXXXX XXXXX
03/31/2025 - R 03/28/2025 - D	Satisfaction of Mortgage (2025032800615001)	XXXXXXXX XXXXXXX XXXXXX XXXXX	XXXXXXXX XXXXXXX XXXXXX XXXXX
12/20/2013 - R 11/25/2013 - D	Mortgage (2013121000439001)	XXXXXXXXX XXXXXX	XXXXXXX XXXXXX
09/13/2013 - R 08/16/2013 - D	Mortgage (2013082901254001)	XXXXXXXXX XXXXXX	XXXXXXX XXXXXX
07/11/2011 - R 06/03/2011 - D	Satisfaction of Mortgage (2011062200594001)	XXXXXXX XXXXXXX	XXXXXXXX XXXXXXX XXXXXX XXXXX
05/25/2011 - R 05/09/2011 - D	Deed (2011051701083001)	XXXXX XXXXXXXX X	XXXXXXXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 551 Lexington Avenue, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$1,552

Municipal exemptions

Recent tax assessments

Market value

$1,187,000

Assessed value

$71,220

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$903,000	$54,180	$7,807	19.843%	$1,549	$1,549	+0.14%
2024/25	$885,000	$53,100	$7,702	20.085%	$1,547	$1,547	+5.94%
2023/24	$1,048,000	$62,880	$7,270	20.085%	$1,460	$1,460	+4.59%
2022/23	$1,148,000	$68,880	$6,874	20.309%	$1,396	$1,396	+7.31%
2021/22	$1,259,000	$75,540	$6,517	19.963%	$1,301	$1,301	-4.98%
2020/21	$1,093,000	$65,580	$6,506	21.045%	$1,369	$1,369	+0.79%
2019/20	$1,209,000	$72,540	$6,418	21.167%	$1,358	$1,358	+7.20%
2018/19	$1,073,000	$64,380	$6,058	20.919%	$1,267	$1,267	+8.53%
2017/18	$680,000	$40,800	$5,728	20.385%	$1,168	$1,168	+7.55%
2016/17	$781,000	$46,860	$5,431	19.991%	$1,086	$1,086	+2.40%

Permits

Permit information for 551 Lexington Avenue, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
05/25/2026	Alteration
04/24/2026	Alteration
03/20/2026	Alteration
10/16/2025	Alteration
06/19/2025	Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Stuyvesant Heights residential market stats

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

Median sale price

—

Median price/sq. ft.

—

Brooklyn median sale price

$899,000

6% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Broadway & Myrtle Ave at NW Corner

Station lines

J-M-Z

Distance (miles)

0.576

View subway map

Access the detailed traffic volume map for 551 Lexington Avenue, Brooklyn, NY 11221 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 25 Eubie Blake School	3	Yes	Public	PK, K-5	60	0.16
P.S. 25 Eubie Blake School	3	Yes	Public	PK, K-5	60	0.16
The Co-Op School	NR	No	Private	K-7	118	0.13
Success Academy Charter School-Nyc 9	9	No	Charter	5-8	232	0.16
P.S. 44 Marcus Garvey	3	No	Public	PK, K-5	119	0.22
P.S. 44 Marcus Garvey	3	No	Public	PK, K-5	119	0.22
Ember Charter School	7	No	Charter	K-12	423	0.25
P.S. 308 Clara Cardwell	3	No	Public	PK, K-8	212	0.25
P.S. 308 Clara Cardwell	3	No	Public	PK, K-8	212	0.25
Brighter Choice Community School	2	No	Public	PK, K-5	286	0.32

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	0.13
Success Academy Charter School-Nyc 9	9	No	Charter	5-8	232	0.16
Unity Prep Charter School of Brooklyn	6	No	Charter	6-12	558	0.22
Ember Charter School	7	No	Charter	K-12	423	0.25
P.S. 308 Clara Cardwell	3	No	Public	PK, K-8	212	0.25
Mount Pleasant Christian Academy	NR	No	Private	1-12	0	0.33
Mt Pleasant Christian Academy	NR	No	Private	PK-12	10	0.35
Urban Assembly Academy Of Arts And Letters	6	No	Public	PK, K-8	729	0.37
George H Murray Christian Academy	NR	No	Private	PK, K-8	81	0.38
Walk In Love Christian Academy	NR	No	Private	PK, K-12	291	0.38

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	0.84
Unity Prep Charter School of Brooklyn	6	No	Charter	6-12	558	0.22
Ember Charter School	7	No	Charter	K-12	423	0.25
Mount Pleasant Christian Academy	NR	No	Private	1-12	0	0.33
Mt Pleasant Christian Academy	NR	No	Private	PK-12	10	0.35
Walk In Love Christian Academy	NR	No	Private	PK, K-12	291	0.38
The Brooklyn Academy Of Global Finance	3	No	Public	9-12	190	0.38
Brooklyn Emerging Leaders Academy Charter School	2	No	Charter	9-12	236	0.38
Brooklyn Academy High School	NR	No	Public	10-12	82	0.51
Bedford Stuyvesant Prepretory High School	NR	No	Public	10-12	102	0.53

Neighbors for 551 Lexington Avenue, Brooklyn, NY

Frequently asked questions

What is the year built for 551 Lexington Avenue, Brooklyn, NY 11221?

The development at 551 Lexington Avenue, Brooklyn, NY 11221 was built in 1899.

What is the total square footage of 551 Lexington Avenue, Brooklyn, NY 11221?

551 Lexington Avenue, Brooklyn, NY 11221 has a total of 1,200 square feet.

When was 551 Lexington Avenue, Brooklyn, NY 11221 last sold and what was the sale price?

551 Lexington Avenue, Brooklyn, NY 11221 was last sold on 05/23/2025 for $800,000.

What is the assessed value of 551 Lexington Avenue, Brooklyn, NY 11221?

551 Lexington Avenue, Brooklyn, NY 11221 is currently assessed at $71,220.

What are the property taxes for 551 Lexington Avenue, Brooklyn, NY 11221?

The property taxes for 551 Lexington Avenue, Brooklyn, NY 11221 total $1,551.

How many residential units does this building have?

This building has 1 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.