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551 Lexington Ave; Brooklyn, NY Property Details

551 Lexington Ave, Brooklyn, NY is a Single Family that was built in 1899. This property is currently a cash purchase and is for sale. Our records show that 551 Lexington Ave has 3 bedrooms, and 4 bathrooms, and a total of 1,200 square feet. The lot size of 551 Lexington Ave is 1,667 square feet.

On Market for 115 days
551 Lexington Ave Brooklyn, NY 11221
$1,895,000 Listing Price
3 Beds
4 Baths
1,200 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1899
  • Purchase Price: $800,000
  • Open Loans / Balance: 4 / $327,272
  • Est. Equity / %: $1,295,728 / 79.84%
  • APN: 01801-0050
  • Situs County: Kings
  • Length Of Ownership: 1 year, 3 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 4

Structure

  • Stories: 2

Measurements

  • Total: 1,200/SqFt
  • Lot: 1,667/SqFt
  • Gross: 1,200/SqFt
  • Living: 1,200/SqFt
  • Building: 1,200/SqFt
  • Ground: 550/SqFt
  • Price Per Square Foot: $666.67
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: New York City Department Of Education
  • Lat / Lon: 40.6892 / -73.93971
  • Property Class: Residential
  • Zoning: R6B
  • County Use Code: A4

Amenities

  • Plus Four: 1569

Ownership Info

551 Lexington Ave has no associated ownership info
551 Lexington Ave has no associated ownership info.

Taxes

551 Lexington Ave has 10 associated Taxes items

551 Lexington Ave, Brooklyn, NY pays taxes in Kings County, NY. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $71,220. The APN we've located for 551 Lexington Ave is 01801-0050.

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Taxes
  • Assessed Value:  $71,220
  • Assessed Year:  2026
  • Assessed County:  Kings
  • APN:  01801-0050
  • Assessed Land Value:  13980
  • Market Land Value:  233000
  • Tax Amount:  1568.04
  • Tax Year:  2025
  • Market Value:  1187000
  • Market Year:  2026

Tax History

551 Lexington Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $71,220 Land Value $13,980 Improvement Value $57,240 Tax Amount Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $1,568.04 Change Rate +0.013633% Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $1,546.95 Change Rate +0.059424% Assessed CR Tax Rate
Year 2023 Assessed Value $62,880 Land Value $13,980 Improvement Value $48,900 Tax Amount $1,460.18 Change Rate +0.045944% Assessed CR Tax Rate +0.023222%
Year 2022 Assessed Value $68,880 Land Value $13,980 Improvement Value $54,900 Tax Amount $1,396.04 Change Rate -0.491057% Assessed CR Tax Rate +0.020268%
Year 2021 Assessed Value $75,540 Land Value $13,980 Improvement Value $61,560 Tax Amount $2,743.02 Change Rate +1.003374% Assessed CR Tax Rate +0.036312%
Year 2020 Assessed Value $65,580 Land Value $13,980 Improvement Value $51,600 Tax Amount $1,369.2 Change Rate +0.007861% Assessed CR Tax Rate +0.020878%
Year 2019 Assessed Value $72,540 Land Value $13,980 Improvement Value $58,560 Tax Amount $1,358.52 Change Rate +0.100087% Assessed CR Tax Rate +0.018728%
Year 2018 Assessed Value $6,058 Land Value $1,315 Improvement Value $4,743 Tax Amount $1,234.92 Change Rate +1.075147% Assessed CR Tax Rate +0.203849%
Year 2017 Assessed Value $5,728 Land Value $1,963 Improvement Value $3,765 Tax Amount $595.1 Change Rate -0.439621% Assessed CR Tax Rate +0.103893%
Year 2016 Assessed Value $5,431 Land Value $1,620 Improvement Value $3,811 Tax Amount $1,061.96 Change Rate Assessed CR Tax Rate +0.195537%
Year 2015 Assessed Value $5,422 Land Value $2,170 Improvement Value $3,252 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $5,349 Land Value $2,533 Improvement Value $2,816 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $651.81 Change Rate Assessed CR Tax Rate