Kings  »  11220  »  55th St  »  550 55th St

550 55th Street, Brooklyn, NY 11220 - Property report

Also known as: 550 55th St

Property image for 550 55th Street, Brooklyn, NY 11220
static Mapbox map

Property type

Over Six Families without Stores (C1)

Year built

1931

Lot sq. ft.

4,007

Sale price

$2,400,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
550 55th Street
ZIP code
11220
Neighborhood
Sunset Park
Borough
Brooklyn
Block & lot
00832-0027

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
11,488
Building dimensions
40 ft x 89 ft
Buildings on lot
1
Stories
4
Year built
1931
Building material
Sales
Sale date
06/25/2014
Sale price
$2,400,000
Tax
Tax year
2026-2027
Property tax
$49,259
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
16
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
40 ft x 100.17 ft
Lot sq. ft.
4,007

Area overview

Walk score
95 /100.  Walker's Paradise
Transit score
95 /100.  Rider's Paradise
Bike score
80 /100.  Very Bikeable
School district
20
Community district
7
Closest police station
0.54 Miles
Closest fire station
0.14 Miles

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

Ownership

Ownership information for 550 55th Street, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 550 55th Street, Brooklyn, NY 11220

Sale date Sale price Buyer name Seller name
06/25/2014 $2,400,000 XXX XXXX XXXXXX XXXXXX XXX XXXXXX XXXXXX XXXXXXXX XXX
08/28/2012 $1,600,000 XXXXXX XXXXXX XXXXXXXX XXX XXX XXXX XXXXXX XXXX.

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/25/2014 - R Initial UCC1
(2014070902959001)		 XXX XXXX XXXXXX XXXXXX XXX XXXXXXXXX XXXXXXX XXXX
07/02/2014 - R
06/25/2014 - D		 Satisfaction of Mortgage
(2014063000989006)		 XXX XXXX XXXXXX XXXX XXXXXX XXXXXX XXXXXXXX XXX
07/02/2014 - R
06/25/2014 - D		 Assignment of Leases and Rents
(2014063000989005)		 XXX XXXX XXXXXX XXXXXX XXX XXXXXXXXX XXXXXXX XXXX
07/02/2014 - R
06/25/2014 - D		 Agreement
(2014063000989004)		 XXXXXXXXX XXXXXXX XXXX XXX XXXX XXXXXX XXXXXX XXX
07/02/2014 - R
06/25/2014 - D		 Mortgage
(2014063000989003)		 XXX XXXX XXXXXX XXXXXX XXX XXXXXXXXX XXXXXXX XXXX
07/02/2014 - R
06/25/2014 - D		 Deed
(2014063000989001)		 XXXXXX XXXXXX XXXXXXXX XXX XXX XXXX XXXXXX XXXXXX XXX
07/02/2014 - R
06/18/2014 - D		 Termination of Assign of L&R
(2014063000989007)		 XXXXXX XXXXXXXX XXXX XXXXXX XXXXXX XXXXXXXX XXX
07/02/2014 - R
06/18/2014 - D		 Assignment, Mortgage
(2014063000989002)		 XXXXXX XXXXXXXX XXXX XXXXXXXXX XXXXXXX XXXX
11/04/2013 - R
10/15/2013 - D		 Both RPTT and RETT
(2013102501182001)		 XXXXXX XXXXXX XXXXXXXX XXX XXXXXX XXXXXX XXXXXXXX XXX
09/10/2012 - R Initial UCC1
(2012090401431001)		 XXXXXX XXXXXX XXXXXXXX XXX XXXXXX XXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 550 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
$49,259
Municipal exemptions
Recent tax assessments
Market value
$997,000
Assessed value
$448,650

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 $1,020,000 $459,000 $422,190 12.439% $52,516 $49,878 +11.29%
2024/25 $889,000 $400,050 $400,050 12.5% $50,006 $44,820 -3.68%
2023/24 $874,000 $393,300 $393,300 12.502% $49,170 $46,532 -6.26%
2022/23 $1,012,000 $455,400 $426,169 12.267% $52,278 $49,640 +6.31%
2021/22 $896,000 $403,200 $403,200 12.235% $49,332 $46,694 +4.41%
2020/21 $896,000 $403,200 $364,560 12.267% $44,721 $44,721 +5.01%
2019/20 $880,000 $396,000 $341,430 12.473% $42,587 $42,587 +4.54%
2018/19 $850,000 $382,500 $323,010 12.612% $40,738 $40,738 +15.25%
2017/18 $769,000 $346,050 $277,920 12.719% $35,349 $35,349 +14.10%
2016/17 $692,000 $311,400 $240,300 12.892% $30,979 $30,979 -0.01%
Permits

Permit information for 550 55th Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
02/14/2024 Alteration
11/03/2023 Alteration
10/23/2023 Alteration
10/03/2023 Alteration
06/27/2023 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
10/04/2023 Aeuhaz1-fail to certify class 1 none
10/04/2023 Aeuhaz1-fail to certify class 1 none
05/25/2023 C-construction other optional

*Most recent DOB violations on record for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% 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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
4th Ave & 53rd St at SE Corner
Station lines
R
Distance (miles)
0.249
View subway map

Access the detailed traffic volume map for 550 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

Neighbors for 550 55th Street, Brooklyn, NY

568 55th St, Brooklyn 5502 6th Ave, Brooklyn 538 55th St, Brooklyn 526 55th St, Brooklyn 524 55th St, Brooklyn 536 55th St, Brooklyn 532 55th St, Brooklyn 564 55th St, Brooklyn 572 55th St, Brooklyn 558 55th St, Brooklyn 562 55th St, Brooklyn 570 55th St, Brooklyn 534 55th St, Brooklyn 522 55th St, Brooklyn 554 55th St, Brooklyn 540 55th St, Brooklyn 528 55th St, Brooklyn 560 55th St, Brooklyn 566 55th St, Brooklyn 530 55th St, Brooklyn

Nearby ZIP codes for 550 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 550 55th Street, Brooklyn, NY 11220?

The development at 550 55th Street, Brooklyn, NY 11220 was built in 1931.

What is the total square footage of 550 55th Street, Brooklyn, NY 11220?

550 55th Street, Brooklyn, NY 11220 has a total of 11,488 square feet.

When was 550 55th Street, Brooklyn, NY 11220 last sold and what was the sale price?

550 55th Street, Brooklyn, NY 11220 was last sold on 06/25/2014 for $2,400,000.

What is the assessed value of 550 55th Street, Brooklyn, NY 11220?

550 55th Street, Brooklyn, NY 11220 is currently assessed at $448,650.

What are the property taxes for 550 55th Street, Brooklyn, NY 11220?

The property taxes for 550 55th Street, Brooklyn, NY 11220 total $53,646.

How many residential units does this building have?

This building has 16 residential unit(s).

Disclaimer

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