227 55th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $8,485/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 Sunset Park—Brooklyn’s high-demand, family-friendly neighborhood. This turnkey income producer features 2 spacious 1-bedrooms and 4 comfortable 2-bedrooms, plus a full basement with storage/potential. Major capital improvements (brand-new roof, new heating, boiler, updated electrical) offer peace of mind. Commuting is easy, with the R & N train subway stations just minutes away, plus convenient access to B11 & B63 bus routes, putting Downtown Brooklyn and Manhattan within easy reach. Surrounded by local dining, markets, schools, hospitals, and iconic Sunset Park, this is a rare, move-in-ready investment gem in a thriving Brooklyn location—don’t miss it.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,611
Lot Details
- 2,003 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back and Front Yard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 6 Full Bathrooms
- 3,792 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
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
- Fuel Expense $7,561
- Insurance Expense $5,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $11,726 | $467,100 | $4,500 | $462,600 |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/22/2026 04/22/26 | For Sale | $1,369,000 | -- | $361 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $305,153 | -- | |
| Bargain Sale Deed | $240,000 | Title One | |
| Bargain Sale Deed | -- | First American Title Ins Co | |
| Bargain Sale Deed | $155,000 | Title Insurance Company |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | Commercial | |
| Previous Owner | $197,791 | Commercial | |
| Previous Owner | $168,000 | Commercial | |
| Previous Owner | $125,000 | Commercial | |
| Previous Owner | $30,000 | Seller Take Back |
Source: Brooklyn Board of REALTORS®
MLS Number: 500576
APN: 00821-0068
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
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