$1,620,000

516 55th St Brooklyn, NY 11220

Sunset Park Neighborhood

Estimated payment $9,389/month

Total Views 583
-- Bed
3 Baths
1,800 Sq Ft
$900 Price per Sq Ft

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 2-minute walk to Rainbow Playground
  • IS 220 John J. Pershing Rated A-
  • Back Yard

About This Home

3 -Family Property- Delivered Vacant Building Size: 20x45
Basement: 20x55
Lot Size: 20x100 Property Features:
Basement: 3 room, 1 bathroom
1st floor: 3bedroom, 1bathroom
2nd floor: 4bedroom, 1bathroom Separate electric, gas, and hot water systems. Great opportunity for investment or end-user.
Convenient location near transportation, shopping, and daily essentials.

Listing Agent

Elaine Li

Winzone Realty Inc Listed on: 05/28/2026

Winzone Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,500

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3 Full Bathrooms
  • 1,800 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Walk-Out Basement

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • 110 Volts

Community Details

  • 3 Units
  • Gross Income $79,200

Listing and Financial Details

  • Tax Block 832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,500

Lot Details

2,000 Sq Ft Lot

Listing Details

  • Basement Amenities: Separate Entrance
  • Borough: Brooklyn
  • Building Length: 45.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 5TH AVE
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Baseboard
  • Number Of Families: 3
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Fill Sq Ft Total: 1800
  • Building Stories: 2
  • Street Name I D X: 55th
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 3
  • Flooring: Hardwood
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Other
  • Foundation Details: Other
  • Lot Number: 13
  • Roof: Other

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Hot Water Coil in Boiler

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20

Rental Info

  • Rent Income: 6600

Multi Family

  • Annual Gross Expense: 57600.00
  • Annual Gross Income: 79200
  • Unit Count: 3

Tax Info

  • Flip Tax Amount: 9500.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $9,844 $78,840 $33,780 $45,060
2025 $9,384 $87,480 $33,780 $53,700
2024 $9,384 $85,020 $33,780 $51,240
2023 $9,489 $89,220 $33,780 $55,440
2022 $8,816 $80,100 $33,780 $46,320
2021 $8,768 $75,360 $33,780 $41,580
2020 $4,273 $87,480 $33,780 $53,700
2019 $8,145 $86,580 $33,780 $52,800
2018 $7,937 $38,934 $15,436 $23,498
2017 $7,502 $36,800 $17,108 $19,692
2016 $6,940 $34,718 $14,921 $19,797
2015 $3,967 $34,036 $18,608 $15,428
2014 $3,967 $32,445 $19,161 $13,284
Source: Public Records

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
05/28/2026 05/28/26 For Sale $1,620,000 -- $900 / Sq Ft
Source: Brooklyn Board of REALTORS®

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 $1,323,000 --
Deed $450,000 --
Source: Public Records

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 $800,000 Purchase Money Mortgage
Closed $219,908 No Value Available
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 501814

Brooklyn Board of REALTORS®

APN: 00832-0013

New York Kings County Brooklyn 11220 Sunset Park

516 55th St, Brooklyn, NY

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Brooklyn Board of REALTORS® 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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Elaine Li
Listing Agent
Elaine Li
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Winzone Realty Inc
(929) 421-1288
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