531 E 55th St Brooklyn, NY 11203
East Flatbush Neighborhood
3
Beds
1
Bath
1,496
Sq Ft
1,190
Sq Ft Lot
Highlights
- 1 Car Attached Garage
- Cooling Available
- Combination Dining and Living Room
- Eat-In Kitchen
- Forced Air Heating System
- 4-minute walk to Harry Maze Playground
About This Home
As of June 2025Discover the perfect blend of space, convenience, and comfort in this remarkable, modern home in the heart of East Flatbush Brooklyn. This fantastic legal two-family residence sits on a 17 x 70 lot, featuring an attached private garage.This property features a gorgeous modern layout with original hardwood floors and a huge living and dining room. The updated eat-in kitchen has a modern look that compliments its size. Upon entering through the home, you enter a spacious living room. The main floor has an eat-in kitchen, dining room, and bathroom. Brand-new stainless-steel appliances, custom cabinetry, oversized island, granite countertops have the kitchen as the focal point of this one-of-a-kind property. The duplex level has three bedrooms, a full bathroom with a washer and dryer. The backyard has a built-in garage and an additional parking spot for a second car.The second, fully renovated unit is a spacious studio, gorgeous full bathroom, new modern kitchen with a private entrance to the front and another one to the back yard.For commuters, convenience is key. Multiple transportation options are within easy reach. 40-50 minutes to Manhattan via car or transit. B7, B8, B47 and B48 bus lines, offering quick access to surrounding areas, making your daily commute a breeze. Harry Maze playground one block over, grocery stores within a few blocks, and P.S. 244 and I.S. 285 within 1/2 mile.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,300
Year Built
- Built in 1940
Lot Details
- 1,190 Sq Ft Lot
- Lot Dimensions are 17x32
- Back and Front Yard
Parking
- 1 Car Attached Garage
- Assigned Parking
Home Design
- Duplex
- Brick Exterior Construction
Interior Spaces
- 1,496 Sq Ft Home
- 2-Story Property
- Combination Dining and Living Room
- Eat-In Kitchen
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- Cooling Available
- Forced Air Heating System
- 110 Volts
Listing and Financial Details
- Legal Lot and Block 0093 / 04776
- Assessor Parcel Number 04776-0093
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2025
Closed on
Jun 3, 2025
Sold by
N And A Cottage Inc
Bought by
Hines Elseta M
Seller's Agent
Gene Zemel
RE/MAX Elite
Buyer's Agent
Angela Shand
A Shand Properties LLC
List Price
$750,000
Sold Price
$790,000
Premium/Discount to List
$40,000
5.33%
Views
37
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-38.28%
Original Mortgage
$711,000
Outstanding Balance
$710,395
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$20,901
Purchase Details
Listed on
May 24, 2024
Closed on
Nov 14, 2024
Sold by
Estate Of Betty Goldstein and Estate Of Ruth Goldstein
Bought by
N And A Cottage Inc
Seller's Agent
Ronit Abraham
Compass
List Price
$550,000
Sold Price
$475,000
Premium/Discount to List
-$75,000
-13.64%
Views
63
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
152.17%
Original Mortgage
$427,500
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 16, 2018
Sold by
Goldstein Deceased Betty and Goldstein Mathieu
Bought by
Mathieu Hugues
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $790,000 | -- | |
| Deed | $475,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $711,000 | Purchase Money Mortgage | |
| Previous Owner | $427,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/03/2025 06/03/25 | Sold | $790,000 | +5.3% | $528 / Sq Ft |
| 04/03/2025 04/03/25 | Pending | -- | -- | -- |
| 03/20/2025 03/20/25 | For Sale | $750,000 | +57.9% | $501 / Sq Ft |
| 11/14/2024 11/14/24 | Sold | $475,000 | -13.6% | $318 / Sq Ft |
| 10/11/2024 10/11/24 | Pending | -- | -- | -- |
| 05/24/2024 05/24/24 | For Sale | $550,000 | -- | $368 / Sq Ft |
Source: Staten Island Multiple Listing Service
Tax History Compared to Growth
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 | $5,300 | $39,540 | $11,760 | $27,780 |
| 2024 | $5,300 | $45,180 | $11,760 | $33,420 |
| 2023 | $5,056 | $45,000 | $11,760 | $33,240 |
| 2022 | $4,689 | $40,320 | $11,760 | $28,560 |
| 2021 | $4,934 | $34,860 | $11,760 | $23,100 |
| 2020 | $4,934 | $31,080 | $11,760 | $19,320 |
| 2019 | $4,600 | $30,180 | $11,760 | $18,420 |
| 2018 | $4,229 | $20,746 | $8,181 | $12,565 |
| 2017 | $3,990 | $19,573 | $7,992 | $11,581 |
| 2016 | $3,906 | $19,538 | $9,502 | $10,036 |
| 2015 | $2,227 | $19,425 | $11,763 | $7,662 |
| 2014 | $2,227 | $18,326 | $11,285 | $7,041 |
Source: Public Records
Agents Affiliated with this Home
-
G
Seller's Agent in 2025
Gene Zemel
RE/MAX Elite
-
A
Buyer's Agent in 2025
Angela Shand
A Shand Properties LLC
-
R
Seller's Agent in 2024
Ronit Abraham
Compass
Map
Source: Staten Island Multiple Listing Service
MLS Number: 2501482
APN: 04776-0093
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