New York City » 11220 » 55th St » 516 55th St

516 55th Street, Brooklyn, NY 11220 - Property report

Also known as: 516 55th St

Property image for 516 55th Street, Brooklyn, NY 11220

Property type

Three Families (C0)

Year built

1901

Lot sq. ft.

2,003

Sale price

$1,323,000

General information

Address

Primary address

516 55th Street

ZIP code

11220

Neighborhood

Sunset Park

Borough

Brooklyn

Block & lot

00832-0013

Building

Property type

Three Families (C0)

Building sq. ft.

3,300

Building dimensions

20 ft x 55 ft

Buildings on lot

Stories

Year built

1901

Last altered

2005

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Sales

Sale date

05/02/2016

Sale price

$1,323,000

Tax

Tax year

2026-2027

Property tax

$9,920

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

5 Avenue

Distance to wide street

Lot dimensions

20 ft x 100.17 ft

Lot sq. ft.

2,003

Area overview

Walk score

96 /100. Walker's Paradise

Transit score

95 /100. Rider's Paradise

Bike score

80 /100. Very Bikeable

School district

Community district

Closest police station

0.51 Miles

Closest fire station

0.13 Miles

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

Ownership

Ownership information for 516 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 516 55th Street, Brooklyn, NY 11220

Sale date	Sale price	Buyer name	Seller name
05/02/2016	$1,323,000	XXX XXXXXXXXXX XXX	XXXXX, XXXXX
07/11/2003	$450,000	XXXXX, XXXXX	XXXXXXXX, XXXX XXXX XXX XXXXXX, XXXXXXXXX XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
12/23/2025 - R	UCC3 Continuation (2025122300141001)	XXX XXXXXXXXXX XXX	XXXXXX XXXX
11/16/2020 - R	UCC3 Continuation (2020111600101001)	XXX XXXXXXXXXX XXX	XXXXXX XXXX
06/03/2016 - R 05/19/2016 - D	Satisfaction of Mortgage (2016051901364001)	XXXXX XXXXX	XXX XXXXXXXX XXXX XXXXXXXX XXXX
05/05/2016 - R	Initial UCC1 (2016050300764001)	XXX XXXXXXXXXX XXX	XXXXXX XXXX
05/13/2016 - R 05/02/2016 - D	Assignment of Leases and Rents (2016050200855003)	XXX XXXXXXXXXX XXX	XXXXXX XXXX
05/13/2016 - R 05/02/2016 - D	Mortgage (2016050200855002)	XXX XXXXXXXXXX XXX	XXXXXX XXXX
05/13/2016 - R 05/02/2016 - D	Deed (2016050200855001)	XXXXX XXXXX	XXX XXXXXXXXXX XXX
04/21/2016 - R 04/15/2016 - D	Assignment, Mortgage (2016041500323001)	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX	XXXXXXXX XX
03/24/2016 - R 03/08/2016 - D	Satisfaction of Mortgage (2016031800282001)	XXXXX XXXXXXXX X	XXXXXXXX XXXXX XXXX XX
08/20/2013 - R 07/26/2013 - D	Satisfaction of Mortgage (2013073001479001)	XXXXX XXXXXX	XXXXXXXX XXXXX XXXX X X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 516 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

$9,920

Municipal exemptions

Recent tax assessments

Market value

$1,314,000

Assessed value

$78,840

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	$1,458,000	$87,480	$49,012	19.843%	$9,725	$9,725	+3.64%
2024/25	$1,417,000	$85,020	$46,721	20.085%	$9,384	$9,384	0.00%
2023/24	$1,487,000	$89,220	$46,721	20.085%	$9,384	$9,384	+4.63%
2022/23	$1,335,000	$80,100	$44,160	20.309%	$8,968	$8,968	+7.83%
2021/22	$1,256,000	$75,360	$41,662	19.963%	$8,317	$8,317	-3.24%
2020/21	$1,458,000	$87,480	$40,843	21.045%	$8,595	$8,595	+4.30%
2019/20	$1,443,000	$86,580	$38,934	21.167%	$8,241	$8,241	+1.19%
2018/19	$1,420,000	$85,200	$38,934	20.919%	$8,145	$8,145	+8.57%
2017/18	$1,211,000	$72,660	$36,800	20.385%	$7,502	$7,502	+8.09%
2016/17	$1,310,000	$78,600	$34,718	19.991%	$6,940	$6,940	+4.28%

Permits

Permit information for 516 55th Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
02/12/2004	Alteration type 1

*Most recent permit on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID	Inspection date	Class	NOV issue date	Status
	04/16/2025	B
	04/16/2025	B
	04/16/2025	B

*Most recent HPD violations on record 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 SE Corner

Station lines

Distance (miles)

0.199

View subway map

Access the detailed traffic volume map for 516 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	0.32
LEEP Dual Language Academy Charter School	7	No	Charter	K-3	387	0.08
BROOKLYN RISE CHARTER SCHOOL	5	No	Charter	K-3	210	0.14
Our Lady Of Perpetual Help Elementary School	NR	No	Private	PK-8	214	0.23
Our Lady Of Perpetual Help Elementary School	NR	No	Private	PK-8	214	0.23
P.S. 94 The Henry Longfellow	4	No	Public	K-5	970	0.26
P.S. 506 The School Of Journalism And Technology	4	No	Public	K-5	451	0.32
Al Madrasa Al Islamiya	NR	No	Private	PK, K-8	0	0.36
Al Madrasa Al Islamiya	NR	No	Private	PK, K-8	0	0.36
Al Madrasa Al Islamiya	NR	No	Private	PK-8	164	0.36

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	0.63
Our Lady Of Perpetual Help Elementary School	NR	No	Private	PK-8	214	0.23
Al Madrasa Al Islamiya	NR	No	Private	PK, K-8	0	0.36
Al Madrasa Al Islamiya	NR	No	Private	PK-8	164	0.36
MS 936 ARTS OFF 3RD	8	No	Public	6-8	445	0.42
Saint Agatha School	NR	No	Private	PK, K-8	193	0.48
Bay Ridge Christian Academy	NR	No	Private	PK-8	99	0.48
Is 136 Charles O Dewey	2	No	Public	6-8	535	0.76
Sunset Park Prep	5	No	Public	6-8	440	0.76

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	0.65
Yeshiva & Mesivta V'yoel Moshe	NR	No	Private	9-12	702	0.72
Bais Chaya Esther	NR	No	Private	PK-11	207	0.75
Zichron Yehuda-Bais Simcha	NR	No	Private		0	0.81
Congregation Biz Dushinsky	NR	No	Private		60	0.86
Yeshiva Tiferes Shmiel d'ALEKSANDER	NR	No	Private	9-12	177	0.88
P.S. 371 Lillian L Rashkis	NR	No	Public	9-12	209	0.94
Sunset Park High School	4	No	Public	9-12	1,418	1.06
West Brooklyn Community High School	3	No	Public	10-12	161	1.07

Nearby ZIP codes for 516 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 516 55th Street, Brooklyn, NY 11220?

The development at 516 55th Street, Brooklyn, NY 11220 was built in 1901.

What is the total square footage of 516 55th Street, Brooklyn, NY 11220?

516 55th Street, Brooklyn, NY 11220 has a total of 3,300 square feet.

When was 516 55th Street, Brooklyn, NY 11220 last sold and what was the sale price?

516 55th Street, Brooklyn, NY 11220 was last sold on 05/02/2016 for $1,323,000.

What is the assessed value of 516 55th Street, Brooklyn, NY 11220?

516 55th Street, Brooklyn, NY 11220 is currently assessed at $78,840.

What are the property taxes for 516 55th Street, Brooklyn, NY 11220?

The property taxes for 516 55th Street, Brooklyn, NY 11220 total $9,920.

How many residential units does this building have?

This building has 3 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.