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554 Central AvenueBrooklyn, NY 11207

For Sale

$1,900,000

Smart Buyer Rebate $23,750

An exciting opportunity to own a substantial three family property in one of Bushwick’s most energetic and sought after neighborhoods! 554 Central Avenue offers approximately 3,600 square feet across three full stories in a vibrant and bustling section of Bushwick.

Delivered fully vacant, the property gives you complete flexibility from day one. Each residence offers generous proportions, spacious layouts, and high ceilings throughout, creating comfortable interiors with excellent potential for renovation, rental income, or multigenerational living.

The building’s impressive scale places it among the larger properties on this stretch of Central Avenue. Live in one residence while renting the others, establish market rents across all three units, or reposition the entire property according to your vision.

The combination of full vacancy, three residential units, generous interior space, and R6 zoning makes this an appealing opportunity for investors and owner occupants alike.

Located near Bushwick’s restaurants, cafés, nightlife, shopping, and neighborhood businesses, with convenient access to the J and L trains, the home offers space, flexibility, and long term potential in one of Brooklyn’s most energetic neighborhoods.

Listed by Eliseo Rivera

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Real Broker NY LLC

·

347-957-4588

Last updated July 24, 2026

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Source: OneKey #1029842

Listing Facts

  • TypeMulti-family
  • NeighborhoodBushwick
  • Bedrooms9
  • Bathrooms2
  • Days on Prevu8
  • Taxes$5,260.32/year

Location

Mortgage Calculator

Listing History

07/23/2026
Listed by Real Broker NY LLC
$1,900,000

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$19,000
Title Insurance
$8,550
Bank Attorney
$1,500
Mortgage Recording Tax
$29,260
Other Closing Costs
$4,000
Total
$66,310

Estimated closing costs are based on the list price of $1,900,000 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 554 Central Avenue

Exterior

Construction

  • Number Of Units Total: 3
  • Property Attached: Yes
  • Year Built: 1910
  • Construction Materials: Frame

Measurements

  • Building Area Total: 3,600
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.03
  • Lot Size Square Feet: 1,600

Financial

Taxes

  • Parcel Number: 03403-0034
  • Tax Annual Amount: $5,260.32
  • Tax Assessed Value: $88,740.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: First Floor Bedroom, Entrance Foyer, Formal Dining, High Ceilings, Natural Woodwork, Storage, Washer/Dryer Hookup

Rooms

  • Basement: Full, Partially Finished, Walk-Out Access
  • Has Basement: Yes
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 9

Parking

Parking

  • Parking Features: On Street, Open

Schools

Elementary School

  • Elementary School: Ps 151 Lyndon B Johnson
  • Elementary School District: Brooklyn 32

High School

  • High School: Bushwick Community Hs
  • High School District: Brooklyn 32

Middle or Junior School

  • Middle Or Junior School: Evergreen Ms-Urban Exploration
  • Middle Or Junior School District: Brooklyn 32

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Heating: Radiant
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 9 bedrooms and 2 bathrooms in this multi-family home at 554 Central Avenue.

What schools are nearby to 554 Central Avenue?

Nearby schools include the Ps 151 Lyndon B Johnson Elementary School, Evergreen Ms-Urban Exploration Middle School, and Bushwick Community Hs High School.

What are the annual taxes for 554 Central Avenue?

Annual taxes for this multi-family home are estimated at $5,260.

How does 554 Central Avenue compare to other multi-family homes in Bushwick?

This multi-family home is listed 10% above the average price for multi-family homes in Bushwick and has been on the market for 77 less days than the typical home in this area.

554 Central Avenue is a 9-bedroom, 2-bath multi-family home for sale in Brooklyn NY 11207. On Prevu for 8 days at $1,900,000. This home is located in Bushwick. The median listing price for multi-family homes in this area is $999,000. Nearby schools include Ps 151 Lyndon B Johnson Elementary School, Evergreen Ms-Urban Exploration Middle School, and Bushwick Community Hs High School. 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.