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1550 E 54th StreetBrooklyn, NY 11234

For Sale

$1,199,000

Smart Buyer Rebate $14,988

Welcome to 1550 E 54th Street, A Two Family Home Boasting 6 Bedrooms and Double-Garage Parking for 3 Cars. This Large, Fully-Detached Property has a Building Size of 21'x60' and a Huge Lot Size of 40'x100' with a Driveway and Backyard for Multiple Cars to Park. This Rare Brooklyn Property Sits on a Tree-Lined Street right on the Border of Mill Basin and Flatlands. Each Apartment Features 3 Bedrooms, Over 3 Bedrooms, with Spacious Living Room, Dining Room, and Kitchen. The Full, Partially Finished Basement Has a Separate Side Entrance, High Ceilings, and Offers Additional Potential. This Home Needs Updating but has been Nicely Maintained and Awaits the New Owner. Make This Huge Space Yours Today!

Listed by Anthony Mottola

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Mottola Real Estate LLC

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347-245-1850

Last updated July 28, 2026

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Source: OneKey #1023462

Listing Facts

  • TypeMulti-family
  • NeighborhoodFlatlands
  • Days on Prevu23
  • Taxes$10,788/year

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

07/08/2026
Listed by Mottola Real Estate LLC
$1,199,000

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$11,990
Title Insurance
$5,396
Bank Attorney
$1,500
Mortgage Recording Tax
$18,464
Other Closing Costs
$4,000
Total
$45,350

Estimated closing costs are based on the list price of $1,199,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 1550 E 54th Street

Exterior

Construction

  • Number Of Units Total: 2
  • Year Built: 1920
  • Construction Materials: Frame

Measurements

  • Building Area Total: 2,520
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.09
  • Lot Size Square Feet: 4,000

Financial

Taxes

  • Parcel Number: 07878-0075
  • Tax Annual Amount: $10,788.00
  • Tax Assessed Value: $61,380.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: First Floor Bedroom

Rooms

  • Basement: Finished, Full, Partially Finished, Walk-Out Access
  • Has Basement: Yes

Parking

Parking

  • Garage Spaces: 3
  • Garage: Yes
  • Parking Features: Detached, Driveway, Garage

Schools

Elementary School

  • Elementary School: Ps 203 Floyd Bennett School
  • Elementary School District: Brooklyn 22

High School

  • High School: James Madison High School
  • High School District: Brooklyn 22

Middle or Junior School

  • Middle Or Junior School: Jhs 78 Roy H Mann
  • Middle Or Junior School District: Brooklyn 22

Utilities

Equipment

  • Heating: Oil
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1550 E 54th Street.

What schools are nearby to 1550 E 54th Street?

Nearby schools include the Ps 203 Floyd Bennett School Elementary School, Jhs 78 Roy H Mann Middle School, and James Madison High School.

Does this multi-family home have parking?

Yes, there are 3 parking spaces available for 1550 E 54th Street.

What are the annual taxes for 1550 E 54th Street?

Annual taxes for this multi-family home are estimated at $10,788.

How does 1550 E 54th Street compare to other multi-family homes in Flatlands?

This multi-family home is listed 16% above the average price for multi-family homes in Flatlands and has been on the market for 69 less days than the typical home in this area.

1550 E 54th Street is a -bedroom multi-family home for sale in Brooklyn NY 11234. On Prevu for 23 days at $1,199,000. This residence is located in Flatlands. The median listing price for multi-family homes in this area is $749,000. Nearby schools include Ps 203 Floyd Bennett School Elementary School, Jhs 78 Roy H Mann Middle School, and James Madison High School. Property amenities include parking. Browse more multi-family home listings in Brooklyn.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.