NOT LISTED FOR SALE

541 E 55th St Unit House Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated Value: $703,000 - $775,000

Studio
2 Baths
1,039 Sq Ft
$718/Sq Ft Est. Value

About This Home

This home is located at 541 E 55th St Unit House, Brooklyn, NY 11203 and is currently estimated at $746,390, approximately $718 per square foot. 541 E 55th St Unit House is a home located in Kings County with nearby schools including Ps 244 Richard R Green, I.S. 285 Meyer Levin, and Ivy Hill Preparatory Charter School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2025
Sold by
Grossett-Holliman Castel
Bought by
Mitchell Alec
Current Estimated Value
$746,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$671,374
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$75,016

Purchase Details

Closed on
Dec 12, 1995
Sold by
Toomer John H
Bought by
Grosset Holliman Castel I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,600
Interest Rate
7.31%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mitchell Alec $750,000 --
Mitchell Alec $750,000 --
Grosset Holliman Castel I $164,500 --
Grosset Holliman Castel I $164,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell Alec $675,000
Closed Mitchell Alec $675,000
Previous Owner Grosset Holliman Castel I $131,600
Source: Public Records

Tax History Compared to Growth

Source: Public Records

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 $4,252 $35,280 $11,280 $24,000
2024 $4,252 $33,120 $11,280 $21,840
2023 $4,299 $32,460 $11,280 $21,180
2022 $4,194 $26,580 $11,280 $15,300
2021 $4,171 $24,960 $11,280 $13,680
2019 $3,690 $29,700 $11,280 $18,420
2018 $3,596 $17,640 $6,700 $10,940
2017 $3,569 $17,506 $8,638 $8,868
2016 $3,302 $16,516 $8,128 $8,388
2015 $2,205 $15,582 $11,077 $4,505
2014 $2,205 $14,700 $12,540 $2,160
Source: Public Records

Map

New York Kings County Brooklyn 11203 East Flatbush

541 E 55th St Unit House, Brooklyn, NY

Not Listed for Sale

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