New York City » 11220 » 55th St » 342 55th St

342 55th Street, Brooklyn, NY 11220 - Property report

Also known as: 342 55th St

Property image for 342 55th Street, Brooklyn, NY 11220

Property type

Two Family Converted from One Family (B3)

Year built

1920

Lot sq. ft.

1,753

Sale price

$1,020,000

General information

Address

Primary address

342 55th Street

ZIP code

11220

Neighborhood

Sunset Park

Borough

Brooklyn

Block & lot

00830-0023

Building

Property type

Two Family Converted from One Family (B3)

Building sq. ft.

2,160

Building dimensions

17.5 ft x 40 ft

Buildings on lot

Stories

Year built

1920

Last altered

2018

Building material

Frame

Exterior wall

Aluminum/Vinyl

Basement

Sales

Sale date

09/07/2018

Sale price

$1,020,000

Tax

Tax year

2026-2027

Property tax

$10,309

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

55 Street (narrow)

Nearest wide street

3 Avenue

Distance to wide street

Lot dimensions

17.5 ft x 100.17 ft

Lot sq. ft.

1,753

Area overview

Walk score

84 /100. Very Walkable

Transit score

92 /100. Rider's Paradise

Bike score

75 /100. Very Bikeable

School district

Community district

Closest police station

0.44 Miles

Closest fire station

0.19 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 342 55th Street, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 342 55th Street, Brooklyn, NY 11220

Sale date	Sale price	Buyer name	Seller name
09/07/2018	$1,020,000	XXX XXX XXX	XXXXXXX XXXXXXXX, XX XXXXXXXXX XXXXXXX XXX XXXXXXXXXXXX XXXXX XXXXX XXX XXXXXX, XXXXXXXX, XXXXXXX XXX XXXXXX, XXXXXXXX, XXXXXXX X

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
03/15/2023 - R	UCC3 Continuation (2023031500169001)	XXX XXX XXX	XXXXXX XXXX
09/10/2018 - R	Initial UCC1 (2018091000414001)	XXX XXX XXX	XXXXXX XXXX
09/17/2018 - R 09/07/2018 - D	Assignment of Leases and Rents (2018091400758003)	XXX XXX XXX	XXXXXX XXXX XXX XXXX XXXXXX
09/17/2018 - R 09/07/2018 - D	Mortgage (2018091400758002)	XXX XXX XXX	XXXXXX XXXX XXX XXXX XXXXXX
09/17/2018 - R 09/07/2018 - D	Deed (2018091400758001)	XXXXXXX XXXXXXXX XX XXXXXXXXX XXXXXXX	XXX XXX XXX
04/17/2017 - R 03/30/2017 - D	Deed (2017041101101001)	XXXXXX XX XXXXXXX X XXXXXX	XXXXXX X XXXXXX XXXXX XXX XXX XX
10/14/2005 - R 09/22/2005 - D	Deed (2005100400324001)	XXXXXX XXXXXXX X	XXXXXX XXXXXXX X
03/25/2005 - R 02/24/2005 - D	Deed (2005030200352001)	XXXXXX XXXXX	XXXXXX XXXXXXX X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 342 55th Street, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$10,309

Municipal exemptions

Recent tax assessments

Market value

$1,560,000

Assessed value

$93,600

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$1,472,000	$88,320	$49,014	19.843%	$9,726	$9,726	+1.77%
2024/25	$1,407,000	$84,420	$47,581	20.085%	$9,557	$9,557	+2.79%
2023/24	$1,465,000	$87,900	$46,290	20.085%	$9,297	$9,297	+13.54%
2022/23	$1,363,000	$81,780	$40,321	20.309%	$8,189	$8,189	+2.64%
2021/22	$1,267,000	$76,020	$39,962	19.963%	$7,978	$7,978	+72.52%
2020/21	$989,000	$59,340	$21,974	21.045%	$4,624	$4,624	+5.14%
2019/20	$931,000	$55,860	$20,780	21.167%	$4,399	$4,399	+43.00%
2018/19	$1,072,000	$64,320	$14,704	20.919%	$4,122	$3,076	+10.71%
2017/18	$918,000	$55,080	$13,630	20.385%	$3,798	$2,778	+323.09%
2016/17	$781,000	$46,860	$3,285	19.991%	$3,665	$657	+4.43%

Permits

Permit information for 342 55th Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
04/11/2019	Alteration
01/29/2019	Alteration
10/25/2018	Alteration type 1
12/11/2017	Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Sunset Park residential market stats

Access a detailed real estate market overview of Sunset Park so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Sunset Park and compare it to other neighborhoods in Brooklyn.

Median sale price

$545,000

-2.7% Y-o-Y

Median price/sq. ft.

$806

-6.6% Y-o-Y

Brooklyn median sale price

$899,000

6% Y-o-Y

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

4th Ave & 53rd St at SW Corner

Station lines

Distance (miles)

0.114

View subway map

Access the detailed traffic volume map for 342 55th Street, Brooklyn, NY 11220 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 503 The School Of Discovery	4	Yes	Public	K-5	630	0.20
Al Madrasa Al Islamiya	NR	No	Private	PK-8	164	0.15
Al Madrasa Al Islamiya	NR	No	Private	PK-8	164	0.15
Al Madrasa Al Islamiya	NR	No	Private	PK, K-8	0	0.17
Al Madrasa Al Islamiya	NR	No	Private	PK, K-8	0	0.17
P.S. 506 The School Of Journalism And Technology	4	No	Public	K-5	451	0.20
Sunset School of Cultural Learning	NR	No	Public	K-2	152	0.23
BROOKLYN RISE CHARTER SCHOOL	5	No	Charter	K-3	210	0.24
LEEP Dual Language Academy Charter School	7	No	Charter	K-3	387	0.25
School of Math Science and Healthy Living	6	No	Public	K-5	207	0.37

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Jhs 220 John J Pershing	7	Yes	Public	6-8	1,229	0.86
Al Madrasa Al Islamiya	NR	No	Private	PK-8	164	0.15
Al Madrasa Al Islamiya	NR	No	Private	PK, K-8	0	0.17
MS 936 ARTS OFF 3RD	8	No	Public	6-8	445	0.23
Our Lady Of Perpetual Help Elementary School	NR	No	Private	PK-8	214	0.41
St. Michael Elementary School	NR	No	Private	K-8	0	0.64
Bay Ridge Christian Academy	NR	No	Private	PK-8	99	0.65
Sunset Park Prep	5	No	Public	6-8	440	0.73
Is 136 Charles O Dewey	2	No	Public	6-8	535	0.73
Is 30 Mary White Ovington	5	No	Public	K-8	911	0.83

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
High School of Telecommunication Arts and Technology	6	No	Public	9-12	1,273	0.61
P.S. 371 Lillian L Rashkis	NR	No	Public	9-12	209	0.91
Yeshiva & Mesivta V'yoel Moshe	NR	No	Private	9-12	702	0.96
Bay Ridge Preparatory School	NR	No	Private	K-12	375	1.00
Bais Chaya Esther	NR	No	Private	PK-11	207	1.00
Sunset Park High School	4	No	Public	9-12	1,418	1.03
Zichron Yehuda-Bais Simcha	NR	No	Private		0	1.06
Yeshiva Tiferes Shmiel	NR	No	Private	9-12	0	1.10

Nearby ZIP codes for 342 55th Street, Brooklyn, NY

10004, New York City, NY 10005, New York City, NY 10271, New York City, NY 10280, New York City, NY 11201, New York City, NY 11204, New York City, NY 11209, New York City, NY 11214, New York City, NY 11215, New York City, NY 11217, New York City, NY 11218, New York City, NY 11219, New York City, NY 11223, New York City, NY 11226, New York City, NY 11228, New York City, NY 11230, New York City, NY 11231, New York City, NY 11232, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 342 55th Street, Brooklyn, NY 11220?

The development at 342 55th Street, Brooklyn, NY 11220 was built in 1920.

What is the total square footage of 342 55th Street, Brooklyn, NY 11220?

342 55th Street, Brooklyn, NY 11220 has a total of 2,160 square feet.

When was 342 55th Street, Brooklyn, NY 11220 last sold and what was the sale price?

342 55th Street, Brooklyn, NY 11220 was last sold on 09/07/2018 for $1,020,000.

What is the assessed value of 342 55th Street, Brooklyn, NY 11220?

342 55th Street, Brooklyn, NY 11220 is currently assessed at $93,600.

What are the property taxes for 342 55th Street, Brooklyn, NY 11220?

The property taxes for 342 55th Street, Brooklyn, NY 11220 total $10,309.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.