RealtyLens
for saleRealtyLens property overview
$1,875,000

554 Lexington Ave

Brooklyn, NY, 11221
View more Brooklyn, NY property pages
5Beds
3.5Baths
2,000Sqft
$938$/sqft

Listing Notes

Located in the heart of Bedford-Stuyvesant, this solid brick two-family home offers great potential in a prime Brooklyn location. The property features a spacious upper duplex configured as a 3 bedroom unit offering functional living space. Off the kitchen, a door leads to your private deck and stairs that lead to your backyard. The garden level unit is offering a 1 bedroom layout with an open concept kitchen and living area. The garden unit also provides direct access to the backyard. This unit also has interior stairs that lead to your unfinished basement. The home is in good overall condition. Showings are limited to the garden level unit and basement which is vacant. The upper duplex is tenant-occupied and not accessible at this time. Conveniently located near local shops, dining, and transportation. Don't miss this opportunity to own a multi-family home to make your very own.

Market Insights

Above nearby median+25%

$938/sqft vs a nearby median of $750/sqft.

Nearby median$750/sqft
Nearby properties12
Property size2,000 sqft
  • +25% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 2,000 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$1.42M$1.31M$1.53M · 61% confidence
vs ask $1.88M+$453k (+24.2%)

Asking price is about 24.2% above where comps + adjustments land — there is room to negotiate.

$741/sqft median across 4 tight comps × 2,000 sqft= $1.48M
  • Visible condition issues−$52k −3.5%
  • Pre-war character+$37k +2.5%
  • Transit access−$22k −1.5%
  • Sparse street life−$22k −1.5%
Cumulative NYC adjustments−$59k−4.0%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position+25% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
26 days
Last price change
No change recorded
Listed
Apr 16, 2026
Photos
19 photos
Property type
multi family
Status
for sale
Last sold
Apr 15, 2015 · $950,000

Features & Amenities

Two Or More StoriesBasementModern KitchenOpen KitchenRental PropertyOpen ConceptDenShopping

Photos

Building Facts

Year built
1899
Stories
2
Total units
2
Residential units
2
Building area
2,001 sqft
Lot size
1,667 sqft
Land use
One and two family buildings
Building class
B3

From NYC public records where available.

Price History

May 4, 2026Initial record
$1,875,000for sale

Public Records

DOB violations1 open

1 total recorded against the building

HPD violations0 open

4 total recorded

ACRIS documents37

Tax-lot deed, mortgage, and transfer records on file

311 calls (12 mo)37,253

Top: noise - residential

Top complaint types in ZIP 11221

  • Noise - Residential4,579
  • HEAT/HOT WATER3,642
  • Illegal Parking3,293
  • UNSANITARY CONDITION1,850
  • Noise - Street/Sidewalk1,744

Recent DOB

  • Mar 12, 2014V-DOB VIOLATION - ACTIVE · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE

Recent HPD

  • Jun 16, 2002Class B · SECTION 27-2038 ADMIN CODE: PROVIDE ADEQUATE LIGHTING FOR MINIMUM 60 WATTS INCANDECENT AT PUBLIC HALL, 2nd STORY
  • May 17, 2002Class C · SECTION 27-2024 ADMIN. CODE: PROVIDE ADEQUATE SUPPLY OF HOT WATER FOR THE FIXTURES AT KITCHEN AND BATH ROOM IN THE BATHROOM LOCATED AT APT 2, 2nd STORY, 1st APARTMENT FROM SOUTH...
  • May 17, 2002Class C · SECTION 27-2031 ADMIN. CODE: PROVIDE HOT WATER AT ALL HOT WATER FIXTURES IN THE BATHROOM LOCATED AT APT 2, 2nd STORY, 1st APARTMENT FROM SOUTH AT WEST
  • May 17, 2002Class B · SECTION 27-2005 ADMIN. CODE: PROPERLY SECURE THE LOOSE BALUSTRADE AT THE 1ST TO 2ND STORIES AT PUBLIC HALL STAIRS

Recent Transfers (ACRIS)

  • Mar 29, 2018DEED

Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.