$2,380,000

5505 4th Ave Brooklyn, NY 11220

Sunset Park Neighborhood

Estimated payment $14,533/month

-- Bed
-- Bath
3,872 Sq Ft
$615 Price per Sq Ft

Highlights

  • Wood Flooring
  • 2-minute walk to 53 Street
  • Back Yard
  • IS 220 John J. Pershing Rated A

About This Home

Prime Sunset Park mixed-use property! This 1-story, 4-family building sits on a 20x50 building footprint on a 20x80 lot. The layout includes two spacious 2-bedroom apartments and two 1-bedroom units, offering a great opportunity for investors or end-users. Conveniently located near transportation, shopping, and restaurants on 4th Avenue. Don't miss this solid income-producing property with great potential!

Listing Agent

Hang Chen

RE/MAX Real Estate Professionals License #10401288321 Listed on: 08/06/2025

RE/MAX Real Estate Professionals

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $18,019

Year Built

  • Built in 1931

Lot Details

  • 1,600 Sq Ft Lot
  • Lot Dimensions are 80 x 20
  • Back Yard
  • Property is zoned R7A

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3,872 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Utilities

  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 831

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $1,000
  • Insurance Expense $4,000
  • Utility Expense $1,000
  • Gross Income $155,280

Property Details

Property Type

Other

Est. Annual Taxes

$18,019

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1000
  • Building Length: 50.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 55th St
  • Cross Street Name2: 56th St
  • Heat Delivery: Other
  • Number Of Families: 4
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3872
  • Building Stories: 3
  • Street Name I D X: 4th
  • Street Number I D X: 5505
  • Year Built: 1931
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Tile, Other
  • Lot Sq Ft: 1600

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 7
  • Roof: Flat

Utilities

  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 1000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 20
  • Zoning: R7A

Multi Family

  • Annual Gross Expense: 26019.00
  • Annual Gross Income: 155280
  • Insurance Expense: 4000.00
  • Unit Count: 5
  • Annual Utility Expenses: 1000.00

Tax Info

  • Flip Tax Amount: 18019.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $18,019 $367,200 $112,500 $254,700
2024 $18,019 $391,050 $112,500 $278,550
2023 $16,372 $362,700 $112,500 $250,200
2022 $15,124 $357,300 $112,500 $244,800
2021 $15,088 $285,750 $112,500 $173,250
2020 $15,088 $313,200 $112,500 $200,700
2019 $12,731 $318,600 $112,500 $206,100
2018 $13,058 $102,662 $29,000 $73,662
2017 $12,094 $95,085 $28,468 $66,617
2016 $12,258 $95,085 $31,402 $63,683
2015 -- $92,079 $32,979 $59,100
2014 -- $85,283 $36,633 $48,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 For Sale $2,380,000 -- $615 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $295,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $170,000 Seller Take Back
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 494518

Brooklyn Board of REALTORS®

APN: 00831-0007

New York Kings County Brooklyn 11220 Sunset Park

5505 4th Ave, Brooklyn, NY

This home is located at 5505 4th Ave, Brooklyn, NY 11220 and is currently priced at $2,380,000, approximately $614 per square foot. This property was built in 1931. 5505 4th Ave is a home located in Kings County with nearby schools including P.S. 503: The School of Discovery, IS 220 John J. Pershing, and Fort Hamilton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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Listing Agent
Hang Chen
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RE/MAX Real Estate Professionals
(929) 600-7387