NOT LISTED FOR SALE

Estimated Value: $1,761,262 - $2,697,000

4 Beds
3.5 Baths
3,000 Sq Ft
$693/Sq Ft Est. Value

Last Sold April 26, 2021

Last sale price $1,650,000 $550 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $11,336/month

79 Days on Market

About This Home

As of April 2021

582 Lexington Avenue in Stuyvesant Heights is a move in ready legal 2 family home complete with 4 bedrooms, 3 full baths and 2 half baths. This 2,462 square foot home boasts 3 floors of living space plus a finished basement and a 900 square foot multi level garden. 582 Lexington Avenue was meticulously renovated with high end finishes and charming touches including exposed brick walls, a decorative fire place and skylights. Once featured on HGTV's "House Hunters," the curb appeal is further enhanced with a white washed brick facade and a restored cornice. With over 9 foot high ceilings on the parlor floor, the owner's duplex feels both bright and spacious. The living room has two floor to ceiling paneled glass windows, modern recessed lighting, eye-pleasing crown molding, and richly stained hardwood flooring. Adjacent to the living room there is plenty of space for a formal dining area. With views of the serene backyard and bathed in natural light from another floor to ceiling window and sliding glass doors, is the immaculate open kitchen. The granite topped island has plenty of room for seating as well as for preparing a lovely meal. Custom wood cabinetry, wine rack, hooded stove and Bosch and GE stainless steel appliances are sure to impress. The first floor also includes a sleek half bath and a full sized Whirlpool washer and dryer. Step outside onto the massive upper deck overlooking the garden which has been updated with beautiful stone pavers, a grassy area with Japanese maple and lush overhanging branches. Add to this a third covered outdoor space and you're guaranteed to enjoy the outdoors no matter what the weather. Head upstairs along an exposed brick wall with skylight above to find three bedrooms all bathed in natural light with views of tree tops and sky. The king sized master suite includes a spa-like bathroom with double sinks and a skylight. A second full bathroom on this floor features yet another skylight and designer finishes. Both of the other 2 bedrooms include ample closet space and views of the backyard. This spacious home also includes a duplex garden apartment with separate entrance and an open-concept living room with decorative brick fireplace. The kitchen comes with ample custom cabinetry and steel trimmings matching the Frigidaire stainless steel appliances. Adjacent to the kitchen is the modern full bath and beyond that you'll find the queen size bedroom with direct access to the backyard. Head downstairs to find the finished basement which makes a great rec room, office or bonus room and includes a half bath, closet and it's own full sized Whirlpool washer and dryer. This unit has great rental income potential and will be delivered vacant. Each floor also has it's own split system air conditioning and heating unit. Bedford Stuyvesant (Bed-Stuy) was chosen by Time Out NY as the 4th coolest neighborhood in the world for 2020. It's your time to enjoy easy living in a convenient location surrounded by historic homes, top notch eateries including Peaches HotHouse, Saraghina and Pilar Cuban Bakery, plus great shopping including Harold and Maude Vintage and Make Manifest a co-creating space and retail shop. The Billie Holiday Theater, Herbert Von King park and other local establishments add to the sense of community of this fantastic neighborhood. The J/Z trains are to the east and the G train is a few blocks west. Contact the exclusive listing agents at Corcoran to schedule your private tour of 582 Lexington Avenue.

Last Agent to Sell the Property

Judy Liebman

Corcoran Group License #10401325108 Listed on: 11/29/2020

Corcoran Group

Co-Listed By

Dawn Silverstein

Corcoran Group License #10401281953

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,527

Year Built

  • Built in 1899

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 4 Bedrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 100.0 x 18.0

Community Details

  • 2 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 1624

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,527

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Marcus Garvey Boulevard & Lewis Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 100.0 x 18.0

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 1624

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2020
Closed on
Apr 26, 2021
Sold by
Somrak Lauren E
Bought by
Kakran Uppal Llc
Seller's Agent
Judy Liebman
Corcoran Group
List Price
$1,695,000
Sold Price
$1,650,000
Premium/Discount to List
-$45,000
-2.65%
Current Estimated Value
$2,077,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,816
Avg. Annual Appreciation
5.26%
Original Mortgage
$1,320,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2016
Sold by
582 Lexington Llc
Bought by
Somrak Lauren E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$956,000
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2014
Sold by
Washington James
Bought by
582 Lexington Llc

Purchase Details

Closed on
Feb 16, 2007
Sold by
Anderson Eva and Anderson Willie
Bought by
Washington James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,500
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 2006
Sold by
Anderson Eva and Anderson Willie
Bought by
Anderson Eva and Anderson Willie

Purchase Details

Closed on
Mar 21, 1995
Sold by
Greenpoint Bank
Bought by
Anderson Willie and Anderson Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,137
Interest Rate
8.8%
Mortgage Type
FHA
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
Kakran Uppal Llc $1,650,000 --
Kakran Uppal Llc $1,650,000 --
Somrak Lauren E $1,195,000 --
Somrak Lauren E $1,195,000 --
582 Lexington Llc $499,000 --
582 Lexington Llc $499,000 --
Washington James $595,000 --
Washington James $595,000 --
Anderson Eva -- --
Anderson Eva -- --
Anderson Willie $125,000 Ticor Title Guarantee Compan
Anderson Willie $125,000 Ticor Title Guarantee Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kakran Uppal Llc $1,320,000
Previous Owner Somrak Lauren E $956,000
Previous Owner Washington James $470,500
Previous Owner Anderson Willie $122,137
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2021 04/26/21 Sold $1,650,000 -2.7% $550 / Sq Ft
11/29/2020 11/29/20 For Sale $1,695,000 -- $565 / 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 $5,527 $113,040 $20,640 $92,400
2024 $5,527 $89,280 $20,640 $68,640
2023 $5,588 $78,900 $20,640 $58,260
2022 $5,271 $84,840 $20,640 $64,200
2021 $5,242 $79,440 $20,640 $58,800
2020 $2,458 $96,300 $20,640 $75,660
2019 $4,797 $82,860 $20,640 $62,220
2018 $4,674 $22,931 $6,045 $16,886
2017 $4,656 $22,842 $7,548 $15,294
2016 $4,458 $22,302 $7,477 $14,825
2015 $871 $8,533 $6,206 $2,327
2014 $871 $8,060 $4,987 $3,073
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10685022

Real Estate Board of New York (REBNY)

APN: 01624-0040