508 Lexington Ave #3

Multifamily in Bedford-Stuyvesant
Off Market
 for Sale at 508 Lexington Avenue, Brooklyn, NY 11221

2

 for Sale at 508 Lexington Avenue, Brooklyn, NY 11221
 for Sale at 508 Lexington Avenue, Brooklyn, NY 11221
$849,000
2
Beds
2
Baths
Half Bath
Ft²
$/ft²
Acres
Cap Rate
Est. Monthly
Cap Rate
2.98%
Est. Monthly
$5,258
Welcome home to 508 A Lexington Avenue in Brooklyn's quickly growing Bedford Stuyvesant neighborhood. This newly developed boutique modern, 4 - unit condominium comprising of generously proportioned two bedroom units, most of which feature private outdoor space. Each unit is configured with an open kitchen and living space, beautiful wide plank hardwood flooring thought out, double glazed casement window's, recessed lighting, central heating and air conditioning.

When you walk into your living room you are greeted with a large open living space and kitchen that is asking for a holiday gathering! The kitchen comes with a suite of appliances from a Fisher Paykel Range, Bosch quite series dishwasher, and a Blomberg refrigerator.

Down the hall you'll have...

Building Features

Laundry

Washer / Dryer Allowed

Ownership & Occupancy

Pied-à-Terre Allowed

Pet Policy

Dogs Allowed / Cats Allowed

Home Features

HVAC

Central A/C

Laundry

Washer / Dryer in Unit

Outdoor Space

Balcony

Interior

New Windows

Price History

Date/EventEventPrice
Feb 1, 2023 WithdrawnWithdrawn-
Dec 4, 2022 Listed by CompassListed by Compass$849,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$38,388
ExpensesPer Year
$13,068
Operating ProfitPer Year
$25,320
Cap rate
2.98%

Price Estimate

$1,001,000$857,490$713,980
20222023202420252026
Current Asking Price

$849,000

HopScore Market Price

$857,490

The current asking price is $8,490 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Sold
Condo
2
2
857 ft²
$980/ft²
$840,000
$985/mo
Sold
Condo
2
1
-
$695,000
$426/mo
Sold
Condo
2
2
935 ft²
$754/ft²
$705,000
$472/mo
Sold
Condo
2
2
1,795 ft²
$447/ft²
$801,925
$469/mo
Sold
Condo
2
1
815 ft²
$951/ft²
$775,000
$885/mo

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Building Info

508 Lexington Avenue508 Lexington Avenue, Brooklyn, NY 11221
  • 2 Units
  • 1 Unit for Sale
More about this Building
508 Lexington Avenue
Want to find out who owns 508 Lexington Avenue, Brooklyn, NY 11221? Get detailed property transactions here .

Neighborhood

About Bedford-Stuyvesant

Stats & Trends

The median asking price in Bedford-Stuyvesant is $1,299,999.50.
  • Median Asking

    $1,299,999.50
  • Sale Price/ft²

    $1,046.03
  • Above Asking

    -
  • Days on Market

    100

Sales History

UnitBedsBathsft²Asking
Common Charges
Listed
Listing Status
Closed
Days on Market
Closing
Above/Below Asking
Buyer(s)
2
2
-
$849,000
-/mo
Dec 4, 2022
Active
-
-
-
-
6
3
2,877
$1,075,000
-/mo
Jul 2, 2019
Sold
Jan 16, 2020
198 days
$1,075,000
-
-
6
3
-
$1,095,000
-/mo
Jul 2, 2019
Sold
Jan 15, 2020
197 days
$997,500
-8.90%
-
-
-/mo
-
-
Apr 11, 2019
-
$770,000
-
-
-
-/mo
-
-
Aug 18, 1993
-
-
-

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Frequently Asked Questions

What is the median home price in Northern Brooklyn?
The median home price in Northern Brooklyn is $1,437,000, or $952/sqft. When you buy a home in Northern Brooklyn, you can expect to pay between $925,000 to $2,118,750. These figures may differ depending on the location, type, and size of the property.
What is the median home price for a Studio in Northern Brooklyn?
The median home price for a studio in Northern Brooklyn is $1,225,000, or $870/sqft.
What is the median home price for a One-Bedroom in Northern Brooklyn?
The median home price for a one-bedroom home in Northern Brooklyn is $749,000, or $1,110/sqft.
What is the median home price for a Two-Bedroom in Northern Brooklyn?
The median home price for a two-bedroom home in Northern Brooklyn is $1,095,000, or $1,107/sqft.
What is the median home price for a Three-Bedroom in Northern Brooklyn?
The median home price for a three-bedroom home in Northern Brooklyn is $1,800,000, or $1,057/sqft.
What is the median home price for a Four+ Bedroom in Northern Brooklyn?
The median home price for a four+ bedroom home in Northern Brooklyn is $1,895,000, or $679/sqft.
What is the breakdown of listings by bedroom count in Northern Brooklyn?
There are currently 474 available properties for sale in Northern Brooklyn. Of those, 8.86% are studio listings, 14.98% are one-bedroom listings, 19.62% are two-bedroom listings, 8.23% are three-bedroom listings, and 48.31% are four+ bedroom listings.
What is the breakdown of listings by property type in Northern Brooklyn?
There are currently 213 condos, 7 houses, 123 townhouses, and 120 multifamilies located in Northern Brooklyn. Our inventory of available listings is constantly being updated so be sure to check back frequently.
What is the least expensive property sold in the past 12 months in Northern Brooklyn?
The least expensive property sold in Northern Brooklyn for $50,000.
Now, what is the most expensive property sold in the past 12 months in Northern Brooklyn?
The most expensive property sold in Northern Brooklyn for $14,180,000.
How long on average are properties in Northern Brooklyn on the market?
Based on our collected data, properties in Northern Brooklyn are on the market for a median time of 100 days.

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