557 Saint Marks Ave Brooklyn, NY 11216
Crown Heights Neighborhood
5
Beds
3
Baths
2,272
Sq Ft
2,193
Sq Ft Lot
About This Home
As of September 2024Welcome to 557 Saint Marks, a two-family townhouse brimming with potential that's primed for both users and developers! Located in the heart of vibrant Crown Heights. this distinguished brick property offers an ideal opportunity to create a personalized masterpiece on an exceptionally desirable block. Adding to its allure and generous lot dimensions of 17' x 128.5', the 2.0 FAR (Floor Area Ratio) allows for approximately 2,100 buildable SF for expansion and development. Remarkably low taxes and its coveted tax-class 1 status make this a sustainable asset for years to come!
The existing layout, consisting of a 4-bedroom, 2-bathroom duplex over a 1-bedroom, 1-bathroom garden apartment, offers both user-friendliness and the added bonus of an income-producing unit. Common elements include amazing (and multiple) exposures, original parquet wood floors, large windows, and spacious living areas. The expansive backyard on an extra-deep lot fulfills the dreams of a true outdoor lover. A single-family conversion to a triplex layout is easily achievable!
With its unrivaled location nestled between Bedford and Franklin Avenues, 557 Saint Marks offers easy access to an array of cultural and outdoor attractions, including dining options and transportation links, making it a highly desirable property to call home. Nearby subway lines include the A/C/S/2/3/4/5, while Prospect Park, the Brooklyn Museum, and Grand Army Plaza are within a mile away. Embrace the opportunity to transform this townhouse into a stunning residence in one of Brooklyn's most sought-after neighborhoods.
Last Agent to Sell the Property
Corcoran Group License #10301209550 Listed on: 07/23/2024
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,152
Year Built
- Built in 1925
Lot Details
- 2,193 Sq Ft Lot
- Lot Dimensions are 129.00x17.00
Interior Spaces
- 2,272 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Utilities
- No Cooling
Community Details
- 2 Units
- Crown Heights Subdivision
Listing and Financial Details
- Legal Lot and Block 0077 / 01217
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 23, 2024
Closed on
Sep 13, 2024
Sold by
Brown Lloyd W
Bought by
Mtek Union Llc
Seller's Agent
Marvin Chu
Corcoran Group
List Price
$1,600,000
Sold Price
$1,600,000
Views
28
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.06%
Original Mortgage
$50,000
Outstanding Balance
$49,602
Interest Rate
6.09%
Mortgage Type
Unknown
Estimated Equity
$2,234,714
Purchase Details
Closed on
May 17, 2019
Sold by
Brown 2Nd Lloyd W and Brown
Bought by
Brown Lloyd W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 2, 1993
Sold by
Brown Hazel
Bought by
Brown Hazel and Brown Lloyd W
Similar Homes in Brooklyn, NY
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,600,000 | -- | |
| Deed | $415,000 | -- | |
| Deed | $415,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $50,000 | Unknown | |
| Open | $1,450,000 | Purchase Money Mortgage | |
| Previous Owner | $227,745 | Unknown | |
| Previous Owner | $620,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Pending | -- | -- | -- |
| 07/16/2025 07/16/25 | Off Market | $2,795,000 | -- | -- |
| 07/09/2025 07/09/25 | Pending | -- | -- | -- |
| 07/09/2025 07/09/25 | Off Market | $2,795,000 | -- | -- |
| 07/02/2025 07/02/25 | Pending | -- | -- | -- |
| 07/02/2025 07/02/25 | Off Market | $2,795,000 | -- | -- |
| 06/25/2025 06/25/25 | Pending | -- | -- | -- |
| 06/25/2025 06/25/25 | Off Market | $2,795,000 | -- | -- |
| 06/18/2025 06/18/25 | Pending | -- | -- | -- |
| 06/18/2025 06/18/25 | Off Market | $2,795,000 | -- | -- |
| 06/11/2025 06/11/25 | Pending | -- | -- | -- |
| 06/11/2025 06/11/25 | Off Market | $2,795,000 | -- | -- |
| 06/04/2025 06/04/25 | Pending | -- | -- | -- |
| 06/04/2025 06/04/25 | Off Market | $2,795,000 | -- | -- |
| 05/28/2025 05/28/25 | Pending | -- | -- | -- |
| 04/22/2025 04/22/25 | For Sale | $2,795,000 | +74.7% | $1,059 / Sq Ft |
| 09/13/2024 09/13/24 | Sold | $1,600,000 | 0.0% | $704 / Sq Ft |
| 08/16/2024 08/16/24 | Pending | -- | -- | -- |
| 07/26/2024 07/26/24 | For Sale | $1,600,000 | -- | $704 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $4,153 | $93,720 | $17,760 | $75,960 |
| 2024 | $4,153 | $89,580 | $17,760 | $71,820 |
| 2023 | $2,609 | $101,100 | $17,760 | $83,340 |
| 2022 | $2,586 | $82,740 | $17,760 | $64,980 |
| 2021 | $4,073 | $64,800 | $17,760 | $47,040 |
| 2020 | $3,055 | $69,420 | $17,760 | $51,660 |
| 2019 | $3,604 | $76,800 | $17,760 | $59,040 |
| 2018 | $3,314 | $16,255 | $3,020 | $13,235 |
| 2017 | $3,314 | $16,255 | $4,418 | $11,837 |
| 2016 | $3,225 | $16,130 | $4,267 | $11,863 |
| 2015 | $1,850 | $15,218 | $5,107 | $10,111 |
| 2014 | $1,850 | $14,358 | $5,782 | $8,576 |
Source: Public Records
Agents Affiliated with this Home
-
Tali Berzak
Seller's Agent in 2025
Tali Berzak
Compass
(212) 913-9058
14 in this area
142 Total Sales
-
Marvin Chu
Seller's Agent in 2024
Marvin Chu
Corcoran Group
(718) 685-9430
2 in this area
55 Total Sales
-
Mike Laurent
Seller Co-Listing Agent in 2024
Mike Laurent
Corcoran Group
(347) 596-3461
1 in this area
3 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS11000966
APN: 01217-0077
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