NOT LISTED FOR SALE

508 Lexington Ave Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,146,000 - $1,579,000

6 Beds
3 Baths
2,877 Sq Ft
$455/Sq Ft Est. Value

Last Sold January 16, 2020

Last sale price $1,075,000 $374 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $7,657/month

197 Days on Market

About This Home

As of January 2020

This fully renovated two-family house is an ideal opportunity for homebuyers or investors in sought-after Stuyvesant Heights, Brooklyn.

Spanning 2,877 square feet, this classic brick two-family has been beautifully updated and configured with a four-bedroom, two-bathroom owner's duplex and a top-floor two-bedroom rental unit. Four-inch stripped hardwood flooring runs throughout, and both units feature high-end epicurean-style kitchens with dishwashers. The duplex includes a lovely master bedroom with a huge walk-in closet, plus an in-unit GE washer-dryer and a finished English basement providing 959 extra square feet of living space. Enjoy the security of a full alarm system, the outdoor space of a large backyard and off-street parking in the driveway.

Positioned on a 20.42-foot by 100-foot lot, this property is conveyed with 2,165 square feet of air rights available.

508 Lexington is located at the end of a handsome row of low-rise brick homes on a lovely tree-lined block. This friendly Stuyvesant Heights enclave is surrounded by great playgrounds, and Herbert Von King Park is just two blocks away. Fantastic grocery stores, shops and services line the nearby blocks, and you're just minutes from Bed-Stuy's renowned dining and nightlife scene, including local favorites Peaches, Saraghina and Tepache. Nearby C, G, J/Z and M trains provide an easy commute to Manhattan and beyond.

Last Agent to Sell the Property

Joe Cruz

Revived Residential License #10301214722 Listed on: 07/02/2019

Co-Listed By

Allen Lyons

Corcoran Group License #10401244627

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,518

Year Built

  • Built in 1993

Lot Details

  • Lot Dimensions are 20.0 x 100.0

Interior Spaces

  • 2,877 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Community Details

  • Stuyvesant Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 129 / 1806

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,518

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Cross Street: Throop Avenue/Marcus Garvey Boulevard
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Stuyvesant Heights
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Living Area: 2877.0
  • Living Area Units: Square Feet
  • Rooms (Total): 10

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • Total Stories: 4
  • Year Built: 1993

Tax Info

  • Tax Block: 1806
  • Tax Lot: 129

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2019
Closed on
Jan 15, 2020
Sold by
Kay Lexington Llc
Bought by
Torrani John
Seller's Agent
Joe Cruz
Revived Residential
List Price
$1,075,000
Sold Price
$1,075,000
Current Estimated Value
$1,308,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,151
Avg. Annual Appreciation
3.54%
Original Mortgage
$923,890
Outstanding Balance
$821,310
Interest Rate
3.7%
Mortgage Type
FHA
Estimated Equity
$486,841

Purchase Details

Closed on
Apr 11, 2019
Sold by
Allen Sandra and Liverman Sandra Elizabeth
Bought by
Kay Lexington Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Torrani John $997,500 --
Kay Lexington Llc $770,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torrani John $923,890
Previous Owner Allen Sandra $7,370
Previous Owner Allen Sandra $227,000
Previous Owner Allen Sandra $180,000
Previous Owner Allen Sandra $143,000
Closed Allen Sandra $35,893
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2020 01/16/20 Sold $1,075,000 0.0% $374 / Sq Ft
12/18/2019 12/18/19 Pending -- -- --
07/02/2019 07/02/19 For Sale $1,075,000 -- $374 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,518 $61,560 $18,780 $42,780
2024 $6,518 $65,100 $18,780 $46,320
2023 $6,591 $57,540 $18,780 $38,760
2022 $6,429 $63,060 $18,780 $44,280
2021 $6,394 $56,940 $18,780 $38,160
2020 $4,796 $57,120 $18,780 $38,340
2019 $5,364 $57,780 $18,780 $39,000
2018 $5,215 $27,043 $8,567 $18,476
2017 $5,171 $26,839 $9,568 $17,271
2016 $4,752 $25,320 $10,469 $14,851
2015 $2,386 $23,887 $14,018 $9,869
2014 $2,386 $22,536 $12,920 $9,616
Source: Public Records

Agents Affiliated with this Home

  • Joe Cruz

    Seller's Agent in 2020

    Joe Cruz

    Revived Residential

    (917) 459-7681

    2 in this area

    69 Total Sales

    Joe Cruz
    Section Image
  • Allen Lyons

    Seller Co-Listing Agent in 2020

    Allen Lyons

    Corcoran Group

    (718) 355-0808

    2 Total Sales

    Allen Lyons
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10829988

Real Estate Board of New York (REBNY)

APN: 01806-0129

New York Kings County Brooklyn 11221 Bed-Stuy

508 Lexington Ave, Brooklyn, NY

This home is located at 508 Lexington Ave, Brooklyn, NY 11221 since 02 July 2019 and is currently estimated at $1,308,151, approximately $454 per square foot. This property was built in 1993. 508 Lexington Ave is a home located in Kings County with nearby schools including P.S. 25 Eubie Blake School, Success Academy Charter School-NYC 9, and Unity Preparatory Charter School of Brooklyn.

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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