Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,600,000

· Closed September 13, 2024

557 St Marks Avenue
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Closed For Sale Multi Family

$1,600,000

$704 per sq ft

557 St Marks Avenue

Crown Heights, Brooklyn

MLS® #RLS11000966

RLS at REBNY

Listing by Corcoran Group

5

Bedrooms

3

Baths

2,272

Sq. Ft.

1925

Year Built

Quick Summary

Bedrooms 5
Bathrooms 3
Living Area 2,272 sq ft
Lot Size 2,193 sq ft
Year Built 1925
Ownership None
Property Taxes $4,152/yr
Neighborhood Crown Heights
Floor 1 of 2

Property Highlights

  • Views: Other
  • Character: Pre-war building (1925)

Property Details

Type Multi Family
Ownership None
Total Rooms 10
Baths 3 Full
Floor 1 of 2
View Other
Pets Yes
Year Built 1925
Living Area 2,272 sq ft
Structure Type Townhouse
Basement Other
Lot Size 2,193 sq ft
Block/Lot 01217/0077

Description

Welcome to 557 Saint Marks, a two-family townhouse brimming with potential that's primed for both users and developers! Located in the heart of vibrant Crown Heights. this distinguished brick property offers an ideal opportunity to create a personalized masterpiece on an exceptionally desirable block. Adding to its allure and generous lot dimensions of 17' x 128.5', the 2.0 FAR (Floor Area Ratio) allows for approximately 2,100 buildable SF for expansion and development. Remarkably low taxes and its coveted tax-class 1 status make this a sustainable asset for years to come!

The existing layout, consisting of a 4-bedroom, 2-bathroom duplex over a 1-bedroom, 1-bathroom garden apartment, offers both user-friendliness and the added bonus of an income-producing unit. Common elements include amazing (and multiple) exposures, original parquet wood floors, large windows, and spacious living areas. The expansive backyard on an extra-deep lot fulfills the dreams of a true outdoor lover. A single-family conversion to a triplex layout is easily achievable!

With its unrivaled location nestled between Bedford and Franklin Avenues, 557 Saint Marks offers easy access to an array of cultural and outdoor attractions, including dining options and transportation links, making it a highly desirable property to call home. Nearby subway lines include the A/C/S/2/3/4/5, while Prospect Park, the Brooklyn Museum, and Grand Army Plaza are within a mile away. Embrace the opportunity to transform this townhouse into a stunning residence in one of Brooklyn's most sought-after neighborhoods.

Features & Amenities

Interior Features

Smoke Free In Unit

Building Amenities

Green Building

Building Information

Total Units 2
Stories 2
Structure Townhouse

Financial Details

RE Taxes $4,152/yr ($346/mo)
Sale Price $1,600,000

Crown Heights is a dynamic and architecturally rich neighborhood in the heart of Brooklyn. Famous for its grand boulevards and impressive collection of pre-war apartment buildings and brownstones, the area offers a sense of scale and history. Residents enjoy proximity to the Brooklyn Museum, the Botanic Garden, and a thriving restaurant scene along Franklin and Nostrand Avenues, making it a popular choice for those seeking space and culture.

Crown Heights Live Market Data

View Neighborhood

Active Listings

70

Median Asking Price

$1.46M

Median $/Sqft

$1,096

Avg Days on Market

N/A

New This Week

7

Price Reduced

19%

Sold (30 Days)

12

Median Sale Price

$1.20M

Live data from RLS at REBNY • Updated 3/23/26, 4:03 PM EST

Similar Listings in Crown Heights

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Location

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557 St Marks Avenue, Crown Heights, Kings County

Floor Plans

Floor Plan
MLS® ID: RLS11000966
First Listed: 7/26/2024
On Market: 7/23/2024
Closed: 9/13/2024
Contract Date: 7/25/2024

Listing Courtesy of Corcoran Group - Marvin Chu

Listing Contact: (718) 685-9430

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the 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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 3/23/2026 at 8:03 PM UTC

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