1 year on rocket

551 Lexington Ave, New York City, NY, 11221

$1,300,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
Townhouse

Location

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551 Lexington Ave, New York$1,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
Year Built1899
MLS #PRCH-7748371
StatusActive

About 551 Lexington Ave

Imagine a timeless tale set in the heart of Bedstuy, where a unique historical house awaits its new owners. This remarkable life-sized dollhouse boasts custom designs, featuring a stunning fully functional bar with a dishwasher, original details, and a breathtaking landscaped backyard. With an abundance of terraces and outdoor decks, it offers a paradise-like escape beyond your wildest dreams. Over the past decade, this house has been lovingly renovated and meticulously maintained. Recent upgrades include new plumbing, electrical systems, gas lines, basement renovations, and a new boiler. While the downstairs bathroom and kitchen extension await some tender loving care and your personal touch, imagine the joy of taking breaks in your tropical backyard oasis. The house offers three bedrooms and two bathrooms, with one on each floor. Additionally, it has been transformed into an urban farm, complete with a charming and unique chicken coop (though the chickens won’t be staying). This once-in-a-lifetime house is awaiting its proud new owners. Don’t miss out on this extraordinary opportunity to start creating memories tomorrow. Built in 1899, 551 Lexington Avenue still retains some of its original details. With a total size of approximately 1,750 square feet (approximately 1,200 square feet in the main portion of the home and an approximately 550-square-foot basement), the house exudes charm with exposed brick walls, hardwood flooring, and skylights. The property will be delivered vacant, offering a blank canvas for your vision. The current annual taxes are approximately $1,546.96, and the lot size is 16.67 × 100, with the home occupying 16.67 × 33 of that space. The property is situated in an R6B zoning district. Convenience abounds ,minutes away, you’ll find local supermarkets, shops, restaurants, and cafes, making daily errands a delightful experience. Transportation is a breeze with the JMZ, G, and AC trains just a few blocks away.

Property Details

Property Features

Property Information:

  • Year Built: 1899

Listing Office:

  • Office Name: Sothebys International Realty
  • Office Phone: (212) 606-7660
  • Listing Agent: Nicole Ramos Beauchamp
  • Agent Phone: (212) 606-4152

Interior Features

Interior Information:

  • Appliances: Dryer, Washer/Dryer Stacked, Washer
  • Interior: Elevator

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Building Garden, Garden

Lot Features

Lot Information:

  • Lot: Garden

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,300,000

HOA Fees:

  • Amount: $0
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$850.1K

Med. Price/SqFt

$667

Avg. Days On Market

85

# of Sold Homes

1747

551 Lexington Ave vs New York

400 DAYS ON ROCKET

+315 Days

$1,300,000

+$449.8K More

KEY TAKEAWAY

This property is $449.8K more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #PRCH-7748371

Listing Office:

  • Office Name: Sothebys International Realty
  • Office Phone: (212) 606-7660
  • Listing Agent: Nicole Ramos Beauchamp
  • Agent Phone: (212) 606-4152

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/18/2024, 12:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$6,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,964

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4517474
3
/10
  • P.S. 25 Eubie Blake School

  • 787 Lafayette Ave

  • 0.17 miles

  • Public Magnet Grades KG-5

school-card-donut-4517475
3
/10
  • P.S. 44 Marcus Garvey School

  • 432 Monroe St

  • 0.22 miles

  • Public District Grades KG-5

school-card-donut-4517476
3
/10
  • P.S. 308 Clara Cardwell School

  • 616 Quincy St

  • 0.22 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,000. Typical income of New York, NY residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 551 Lexington Ave

What is the listing price of this property?

The listing price of 551 Lexington Ave property is $1,300,000.

What type of property is this?

The property 551 Lexington Ave is a townhouse located in New York City, New York, 11221.

Is this property for sale now?

Active Listing: 551 Lexington Ave is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 551 Lexington Ave has 3 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 551 Lexington Ave is 1899.

Rocket HomesNew YorkKings CountyNew York11221551 Lexington Ave

This home is located at 551 Lexington Ave in New York City, NY and zip code 11221 in the Stuyvesant Heights neighborhood. This home was built in 1899. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 13, 2023 and is currently priced at $1,300,000.

Over 220 listings were sold over their listed price in November 2024 in New York, NY. In the same period over 758 listings were sold below the listed price and 769 listings were sold for the listed price. The number of listings in New York, NY decreased by 7.2% between October 2024 and November 2024. Listings spent 85 days on the market in November 2024, and had a median list price of $850,115 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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