New York City » 11221 » Central Ave » 550 Central Ave

550 Central Avenue, Brooklyn, NY 11221 - Property report

Also known as: 550 Central Ave

Property image for 550 Central Avenue, Brooklyn, NY 11221

Property type

Two Family Frame (B2)

Year built

1998

Lot sq. ft.

1,674

Sale price

$1,050,000

General information

Address

Primary address

550 Central Avenue

Alternate address(es)

167 Weirfield St

ZIP code

11221

Neighborhood

Bushwick

Borough

Brooklyn

Block & lot

03396-0143

Building

Property type

Two Family Frame (B2)

Building sq. ft.

2,026

Building dimensions

20.67 ft x 49 ft

Buildings on lot

Stories

Year built

1998

Building material

Frame

Exterior wall

Composition

Basement

Sales

Sale date

09/08/2022

Sale price

$1,050,000

Tax

Tax year

2026-2027

Property tax

$8,990

Tax class

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Lot

Frontage(s)

Weirfield Street (narrow)
Central Avenue (narrow)

Nearest wide street

Bushwick Avenue

Distance to wide street

Lot dimensions

20.67 ft x 81 ft

Lot sq. ft.

1,674

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Current built area

2,026 sq. ft.

Buildable area

Area overview

Walk score

87 /100. Very Walkable

Transit score

98 /100. Rider's Paradise

Bike score

83 /100. Very Bikeable

School district

Community district

Closest police station

0.58 Miles

Closest fire station

0.23 Miles

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

Ownership

Ownership information for 550 Central Avenue, 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 550 Central Avenue, Brooklyn, NY 11221

Sale date	Sale price	Buyer name	Seller name
09/08/2022	$1,050,000	XXXXXXXXX, XXXXXX XXX XXXXXXXXX, XXXXXXX	XXXXXX, XXXXX XXX XXXXXX, XXXXX XXX XXXXX XXXXXX XX XXXXXXXXXXXXX XXX XXXX XXXXXX XXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
12/27/2022 - R 12/13/2022 - D	Satisfaction of Mortgage (2022122201069001)	XXXXXX XXXXX	XXXX XX XXX XXXX
09/20/2022 - R 09/15/2022 - D	Satisfaction of Mortgage (2022091600620001)	XXXXXX XXXXX	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX XX
09/26/2022 - R 09/08/2022 - D	Deed (2022092100711001)	XXXXXX XXXXX	XXXXXXXXX XXXXXX
06/28/2010 - R 06/18/2010 - D	Assignment, Mortgage (2010062200640001)	XXXXXXX XXX X X	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
05/07/1999 - R	Release (3620006586462)	XXXXXXXX XXXXXXX XXXXXXX XXXX	XXX XXXXXXXXXXX XXXXXXX XXXXXXXXXXX XXXX
05/07/1999 - R	Release (3410006586441)	XXXXXXXX XXXXXXX XXXXXXX XXXX	XXX XXXXXXXXXXX XXXXXXX XXXXXXXXXXX XXXX
05/07/1999 - R	Release (3260006586426)	XXXXXXXX XXXXXXX XXXXXXX XXXX	XXX XXXXXXXXXXX XXXXXXX XXXXXXXXXXX XXXX
04/09/1999 - R	Release (3830006543183)	XXX XXX	XXX XXXXXXXXXXX XXXXXXX XXXXXXXXXXX XXXX
04/09/1999 - R	Mortgage (3440006542644)	XXXXXX XXXXX	XXX XXX
04/09/1999 - R	Mortgage (3270006542627)	XXXXXX XXXXX	XXXXXXXX XXXXXXX XXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 550 Central Avenue, 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

$8,990

Municipal exemptions

Recent tax assessments

Market value

$1,044,000

Assessed value

$62,640

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	$1,160,000	$69,600	$43,010	19.843%	$8,534	$8,534	+1.31%
2024/25	$1,027,000	$61,620	$41,944	20.085%	$8,424	$8,424	+6.00%
2023/24	$1,116,000	$66,960	$39,571	20.085%	$7,948	$7,948	+7.82%
2022/23	$1,223,000	$73,380	$36,297	20.309%	$7,668	$7,372	+1.68%
2021/22	$1,034,000	$62,040	$36,317	19.963%	$7,537	$7,250	+0.05%
2020/21	$992,000	$59,520	$34,432	21.045%	$7,543	$7,246	+2.03%
2019/20	$1,030,000	$61,800	$33,553	21.167%	$7,399	$7,102	+17.88%
2018/19	$1,076,000	$64,560	$28,801	20.919%	$6,898	$6,025	+17.01%
2017/18	$767,000	$46,020	$25,260	20.385%	$6,414	$5,149	+9.11%
2016/17	$568,000	$34,080	$23,608	19.991%	$6,290	$4,719	+21.41%

Permits

Permit information for 550 Central Avenue, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Bushwick residential market stats

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

Median sale price

$1,100,000

10% Y-o-Y

Median price/sq. ft.

$765

-2.7% Y-o-Y

Brooklyn median sale price

$998,800

3.4% 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

Weirfield St & Broadway at NE Corner

Station lines

Distance (miles)

0.361

View subway map

Access the detailed traffic volume map for 550 Central Avenue, Brooklyn, NY 11221 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. 299 Thomas Warren Field School	3	Yes	Public	PK, K-5	197	0.30
P.S. 299 Thomas Warren Field School	3	Yes	Public	PK, K-5	197	0.30
St. Marks Lutheran Schools	NR	No	Private	PK, K-8	0	0.22
St. Marks Lutheran Schools	NR	No	Private	PK, K-8	0	0.22
P.S. 106 Edward Everett Hale	2	No	Public	PK, K-5	356	0.23
P.S. 106 Edward Everett Hale	2	No	Public	PK, K-5	356	0.23
P.S. 45 Horace E Greene	5	No	Public	PK, K-8	491	0.27
P.S. 45 Horace E Greene	5	No	Public	PK, K-8	491	0.27
Bushwick Ascend Charter School	7	No	Charter	K-8	799	0.28
P.S. 377 Alejandina B De Gautier	2	No	Public	PK, K-5	173	0.28

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Jhs 291 Roland Hayes	3	Yes	Public	6-8	267	0.40
Evergreen Middle School-Urban Exploration	4	No	Public	6-8	342	0.13
St. Marks Lutheran Schools	NR	No	Private	PK, K-8	0	0.22
P.S. 45 Horace E Greene	5	No	Public	PK, K-8	491	0.27
Bushwick Ascend Charter School	7	No	Charter	K-8	799	0.28
Achievement First North Brooklyn Prep Charter School	7	No	Charter	K-8	851	0.28
P.S. Is 384 Frances E Carter	3	No	Public	PK, K-8	346	0.37
All City Leadership Secondary School	8	No	Public	6-12	421	0.51
Jhs 383 Philippa Schuyler	7	No	Public	5-8	822	0.64
Achievement First Bushwick Charter School	7	No	Charter	K-8	938	0.64

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Bushwick Community High School	2	No	Public	9-12	86	0.40
Math, Eng, Science Academy Charter High	5	No	Charter	9-12	515	0.40
Academy Of Urban Planning	5	No	Public	9-12	403	0.44
Academy for Environmental Leadership	2	No	Public	9-12	275	0.44
Brooklyn School For Math And Research	NR	No	Public	9-12	333	0.44
Bushwick School for Social Justice	2	No	Public	9-12	272	0.44
Brooklyn High School Law And Tech	3	No	Public	9-12	549	0.48
All City Leadership Secondary School	8	No	Public	6-12	421	0.51
Excellence Girls Charter School	5	No	Charter	K-12	1,050	0.67
Charles Churn Christian Academy	NR	No	Private	PK, K-12	0	0.74

Neighbors for 550 Central Avenue, Brooklyn, NY

Frequently asked questions

What is the year built for 550 Central Avenue, Brooklyn, NY 11221?

The development at 550 Central Avenue, Brooklyn, NY 11221 was built in 1998.

What is the total square footage of 550 Central Avenue, Brooklyn, NY 11221?

550 Central Avenue, Brooklyn, NY 11221 has a total of 2,026 square feet.

When was 550 Central Avenue, Brooklyn, NY 11221 last sold and what was the sale price?

550 Central Avenue, Brooklyn, NY 11221 was last sold on 09/08/2022 for $1,050,000.

What is the assessed value of 550 Central Avenue, Brooklyn, NY 11221?

550 Central Avenue, Brooklyn, NY 11221 is currently assessed at $62,640.

What are the property taxes for 550 Central Avenue, Brooklyn, NY 11221?

The property taxes for 550 Central Avenue, Brooklyn, NY 11221 total $8,990.

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.