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227 55th Street, Brooklyn NY 11220
New York>Brooklyn>Sunset Park

227 55th StreetBrooklyn, NY 11220

For Sale

$1,400,000

Smart Buyer Rebate $17,500

Prime Sunset Park Six-Family Brick Building

A fantastic investment opportunity in the heart of Sunset Park! This well-maintained all-brick six-family building is ideally located in one of Brooklyn’s most sought-after neighborhoods.

The property features:

• Two spacious 1-bedroom apartments

• Four comfortable 2-bedroom apartments

• A full basement offering ample storage or potential for additional use

• A brand-new roof, brand new heating system, updated electric and a brand new boiler—all recently upgraded for peace of mind

Whether you’re looking to expand your portfolio or seeking a property with solid income potential, this building checks all the boxes. Located in a prime location close to transportation, shopping, schools, hospital and Sunset Park itself.

Don’t miss this rare opportunity!

Listed by ATHENA SALAVANTIS

·

License #10301218981

·

Compass

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(917) 992-4905

Last updated August 30, 2025

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Source: REBNY #RLS20015585

Listing Facts

  • TypeMulti-family
  • NeighborhoodSunset Park
  • Bedrooms10
  • Bathrooms6
  • Days on Prevu151
  • Taxes$11,364/year
  • Size4,400 sqft
  • Price per sqft$318

Location

Mortgage Calculator

Listing History

05/19/2025
Price Decreased
$1,400,000
04/10/2025
Listed by Compass
$1,499,000

Estimated Closing Costs

Total
$51,360
Attorney Fees
$4,000
NYC Mansion Tax
$14,000
Title Insurance
$6,300
Bank Attorney
$1,500
Mortgage Recording Tax
$21,560
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $1,400,000 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 227 55th Street

Association

Amenities

  • Pets Allowed: Building No, No

Compensation

Commissions

  • Buyer Agency Compensation: 1.0Percent

Exterior

Construction

  • Number Of Units Total: 6
  • Property Condition: Good Condition
  • Stories Total: 3
  • Structure Type: Multi Family, Townhouse
  • Year Built: 1911
  • Entry Level: 1

Measurements

  • Building Area Total: 4,400
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 20
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Tax Annual Amount: $11,364.00

Interior

Measurements

  • Living Area: 4,400
  • Living Area Units: SquareFeet

Rooms

  • Basement: Full
  • Has Basement: Yes
  • Bathrooms Full: 6
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 10
  • Rooms Total: 22

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Sunset Park
  • Tax Block: 00821
  • Tax Lot: 0068

Utilities

Equipment

  • Laundry Features: See Remarks

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., 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.