227 55th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $8,059/month
Highlights
- Wood Flooring
- Heating System Uses Steam
- 1-minute walk to Martin Luther Playground
- IS 220 John J. Pershing Rated A-
- Back and Front Yard
About This Home
An exceptional opportunity to own a well-maintained, all-brick six-family building in the heart of Sunset Park, one of Brooklyn’s most desirable and high-demand neighborhoods. This solid income-producing property features a well-balanced unit mix of two spacious 1-bedroom apartments and four comfortable 2-bedroom apartments, offering strong rental appeal and long-term stability. A full basement provides generous storage and potential for additional use. Major capital improvements have already been completed, offering peace of mind to the next owner, including a brand-new roof, new heating system, new boiler, and updated electrical systems. Perfect for investors looking to expand their portfolio or secure a reliable, income-generating asset, this property is ideally situated near public transportation, shopping, schools, hospitals, and the iconic Sunset Park. A rare opportunity in a prime Brooklyn location—don’t miss it.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,395
Lot Details
- 2,003 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back and Front Yard
Parking
- On-Street Parking
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2,960 Sq Ft Home
- 3-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Full Bathrooms
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 821
Community Details
Overview
- 6 Units
Building Details
- Insurance Expense $5,000
- Gross Income $109,716
- Net Operating Income $66,522
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,359 | $389,250 | $4,500 | $384,750 |
| 2024 | $11,359 | $324,540 | $4,500 | $320,040 |
| 2023 | $10,321 | $270,450 | $4,500 | $265,950 |
| 2022 | $9,534 | $225,450 | $4,500 | $220,950 |
| 2021 | $8,501 | $180,315 | $4,500 | $175,815 |
| 2019 | $8,756 | $145,800 | $4,500 | $141,300 |
| 2018 | $8,232 | $64,723 | $2,397 | $62,326 |
| 2017 | $7,624 | $59,944 | $2,498 | $57,446 |
| 2016 | $7,156 | $55,506 | $2,891 | $52,615 |
| 2015 | $4,646 | $55,506 | $3,469 | $52,037 |
| 2014 | $4,646 | $53,761 | $4,042 | $49,719 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/06/2026 01/06/26 | For Sale | $1,369,000 | -- | $463 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 498062
APN: 00821-0068
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