538 54th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $9,725/month
Highlights
- Wood Flooring
- 5-minute walk to 53 Street
- Back and Front Yard
- IS 220 John J. Pershing Rated A
- Heating System Uses Steam
- 3-minute walk to Rainbow Playground
About This Home
Welcome to a solid brick, attached 4 family home located in the heart of vibrant Sunset Park, Brooklyn. Set on a 20x100 lot with a 20x46 building footprint, this property offers excellent flexibility and strong income potential. The top floor features 2 family, front and rear apartment, perfect for rental opportunities. The second floor offers a spacious 3-bedroom, 1-bath unit with a practical layout ideal for end-users or investors. On the first floor, you’ll find a 2-bedroom, 1-bath apartment with interior access to an unfinished full basement—great for storage, recreation, or future possibilities. Conveniently located just minutes from both 8th Avenue and 5th Avenue, this property is surrounded by a wide variety of local shopping, restaurants, supermarkets, and essential services, along with easy access to the subway and multiple bus lines. This is a rare chance to own a versatile four-family property in one of Brooklyn’s most dynamic and fast-growing neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,645
Year Built
- Built in 1910
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
- 2,928 Sq Ft Home
- 3-Story Property
- Wood Flooring
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Basement Cellar
Utilities
- Heating System Uses Steam
- Heating System Uses Oil
- 220 Volts
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 824
Community Details
Overview
- 4 Units
Building Details
- 4 Vacant Units
- Fuel Expense $1,000
- Insurance Expense $2,000
- Utility Expense $400
- Gross Income $9,000
- Net Operating Income $6,500
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 | $8,156 | $94,020 | $31,860 | $62,160 |
| 2024 | $8,156 | $87,300 | $31,860 | $55,440 |
| 2023 | $8,247 | $96,360 | $31,860 | $64,500 |
| 2022 | $7,946 | $93,600 | $31,860 | $61,740 |
| 2021 | $7,910 | $80,400 | $31,860 | $48,540 |
| 2020 | $5,932 | $90,840 | $31,860 | $58,980 |
| 2019 | $7,079 | $82,380 | $31,860 | $50,520 |
| 2016 | $6,261 | $31,321 | $15,024 | $16,297 |
| 2015 | $3,774 | $29,890 | $16,892 | $12,998 |
| 2014 | $3,774 | $28,200 | $17,514 | $10,686 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | Pending | -- | -- | -- |
| 07/15/2025 07/15/25 | For Sale | $1,690,000 | -- | $577 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 494168
APN: 00824-0023
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