Seller's Agent in 2025
Dan Dong
RE/MAX
(929) 291-9897
33 in this area
291 Total Sales
538 54th St Brooklyn, NY 11220
Sunset Park Neighborhood
7
Beds
4
Baths
2,928
Sq Ft
2,178
Sq Ft Lot
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
As of December 2025Welcome 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 15, 2025
Closed on
Dec 16, 2025
Sold by
Damien Dorot As Trustee and Juliette Dorot Collins As Trustee
Bought by
Chen Jinwei and Ou Conghui
Seller's Agent
Dan Dong
RE/MAX Edge
Buyer's Agent
Fanan Zheng
Winzone Realty Inc
List Price
$1,690,000
Sold Price
$1,660,000
Premium/Discount to List
-$30,000
-1.78%
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,872
Avg. Annual Appreciation
1.67%
Original Mortgage
$996,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 5, 2016
Sold by
Mcgowan Dorothy
Bought by
Damien Dorot Trustee and Dorothy Mcgowan Irrevocable Trust U/A Da
Purchase Details
Closed on
Dec 1, 1999
Sold by
Mcgowan Dorothy Extx and Mcgowan Sarah Decd
Bought by
Mcgowan Dorothy
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,660,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $996,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/17/2025 12/17/25 | Sold | $1,660,000 | -1.8% | $567 / Sq Ft |
| 07/15/2025 07/15/25 | Pending | -- | -- | -- |
| 07/15/2025 07/15/25 | For Sale | $1,690,000 | -- | $577 / Sq Ft |
Source: Brooklyn Board of REALTORS®
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 |
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Dong
-
Fanan Zheng
F
Buyer's Agent in 2025
Fanan Zheng
Winzone Realty Inc
(646) 881-8657
3 in this area
20 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 494168
APN: 00824-0023
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