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551 Lexington Ave, Brooklyn, NY, 11221

3beds
4baths
1,705sqft
$1,995,000
$1,170price/sqft
$11,983/moest. monthly cost
$479,320/yrincome needed

About This Home

Welcome to 551 Lexington Avenue, a turn of the century Italianate rowhouse that reflects Brooklyn living at its finest. Rich in detail and timeless character, this distinguished 19th century residence embodies the elegance and craftsmanship of classic townhouse living. Ornate picture moldings, restored finishes, and thoughtfully preserved details lend the home a sense of warmth and authenticity throughout. A covered porch entry leads into the main level, where the living space unfolds with exceptional scale and natural light. Anchoring the room is a beautifully restored original wood burning marble fireplace and mantel, serving as both a focal point and a reflection of the home’s historic character. Hardwood floors reclaimed from the former Sunshine Biscuits factory in Long Island City have been masterfully restored and span the entirety of the first and second levels. The windowed kitchen is designed with both function and refinement in mind, appointed with a suite of professional Bertazzoni appliances, including a five-burner gas range, refrigerator, and dishwasher. A striking waterfall stone island encased in honed Brilliant Black Quartzite offers additional preparation space and seating, while custom built-in shelving throughout the level provides both utility and an elegant backdrop for display and design. Positioned at the rear of the main level is a flexible bedroom or home office complete with an en-suite bath and direct access to the private backyard. The bathroom is distinguished by a restored barn door with original mechanisms reclaimed from an Upstate New York farmhouse, as well as a stained glass window repurposed from a historic church, introducing a rare and artful architectural moment into the space. Fully integrated speakers bring the entire main level of the home to life and extend seamlessly into the rear yard through a dedicated outdoor sound system, creating an ideal setting for both everyday living and entertaining. Thoughtfully reimagined, the outdoor space is finished with cobblestone hardscaping, natural grass, and mature landscaping, offering a rare sense of tranquility and greenery in the heart of Brooklyn. Upstairs, the primary suite spans the full width of the townhouse, offering an expansive and tranquil retreat. An exposed brick wall adds texture and warmth, while a private terrace extends the living experience outdoors. The suite comfortably accommodates a king-sized bedroom set and is complemented by a walk-through closet and a designer en-suite bath illuminated by an overhead skylight that fills the space with soft natural light. Beyond the primary suite is a well-appointed secondary bedroom featuring its own en-suite bath, complete with a deep soaking tub, radiant heated floors, and rainfall shower. The finished lower level offers additional flexibility for a den, office, recreation space, or storage, complete with a full bath and access to the rear yard. Finished concrete flooring introduces a modern edge, while a GE vented washer and dryer complete the level. Set in the heart of Bedford-Stuyvesant, 551 Lexington Avenue is moments from some of the neighborhood’s most acclaimed cafes and restaurants, including Chez Oskar, Trad Room, Peaches, KYO Brooklyn, and Saraghina Bakery. Convenient access to the J/M/Z, G, and A/C subway lines allows for an easy commute throughout Brooklyn and Manhattan. 551 Lexington Avenue is more than a home; it is a thoughtfully restored piece of Brooklyn history, seamlessly blending modern comfort with timeless character and craftsmanship.

Getting Around

87
WalkingVery Walkable
0
TransitVery Limited Transit
79
BikeVery Bikeable

Schools

2/10
Ps 25 Eubie Blake SchoolGrades K-50.2 mi
2/10
Ps 308 Clara CardwellGrades PK-80.3 mi
1/10

Construction

Condition

  • Year built: 1899

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 4

Cooling

  • Cooling features: Central Air

Features

  • Flooring: Hardwood
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Interior Area

  • Total structure area: 1,705
  • Total interior livable area: 1,705 sqft

Property

Details

  • Parcel number: 018010050
  • Special condition: Resale

Features

  • Patio & porch: Other,Terrace
  • Exterior features: Garden,Terrace
  • Has view: Yes
  • View description: City

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Winter Weather
Tsunami

FEMA Declared Disasters in Kings County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $10,087$121,044
Home Insurance *$684$8,208
Property Taxes $931$11,172
Electricity $281$3,381
Total$11,983$143,796
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$410,845/yr
40% on housing$359,490/yr
45% on housing$319,546/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,170This listing

vs Other Active Listings

Avg $/sqft

ZIP 11221$631
Kings County$697

vs Homes Sold Last Month

Median $/sqft

ZIP 11221$757
Kings County$623

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-30Listed for sale$1,995,000
2025-06-27Sold$800,000
2025-05-12Sold$655,000
2025-02-21Contingent$1,300,000
2024-09-26Listed for sale$1,300,000
2024-09-10Listing removed$1,300,000
2024-02-29Price change$1,300,000
2023-12-01Listed for sale$1,335,000
2023-10-20Listing removed--
2023-09-29Price change$1,335,000
2023-07-05Listed for sale$1,355,000
2022-01-05Listing removed--
2021-09-22Listed for sale$1,335,000
2021-09-08Listing removed--
2021-06-05Price change$1,335,000
2021-03-15Price change$1,355,000
2021-02-16Price change$1,365,000
2021-01-02Price change$1,375,000
2020-10-16Price change$1,395,000
2020-08-30Price change$1,425,000
2020-07-30Price change$1,455,000
2020-06-20Listed for sale$1,495,000
2011-05-25Sold$520,000
2010-12-23Listed for sale$545,000
2007-10-22Sold$410,000

For Sale by Agent

AgentAlexandra Newman
BrokerageSERHANT.

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