New York City  »  11234  »  E 55th St  »  988 E 55th St

988 East 55th Street, Brooklyn, NY 11234 - Property report

Also known as: 988 E 55th St

Property image for 988 East 55th Street, Brooklyn, NY 11234
static Mapbox map

Property type

Two Family Brick (B1)

Year built

1960

Lot sq. ft.

2,070

Sale price

$722,000

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
988 East 55th Street
ZIP code
11234
Neighborhood
East Flatbush
Borough
Brooklyn
Block & lot
07738-0080

Owner

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Building
Property type
Two Family Brick (B1)
Building sq. ft.
2,124
Building dimensions
23 ft x 50 ft
Buildings on lot
1
Stories
2
Year built
1960
Building material
C Blck + Brick
Exterior wall
Brick/Masonary
Basement
4
Sales
Sale date
09/15/2016
Sale price
$722,000
Tax
Tax year
2026-2027
Property tax
$8,312
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
Avenue H (wide)
East 55 Street (narrow)
Distance to wide street
Lot dimensions
23 ft x 90 ft
Lot sq. ft.
2,070

Area overview

Walk score
62 /100.  Somewhat Walkable
Transit score
77 /100.  Excellent Transit
Bike score
61 /100.  Bikeable
School district
22
Community district
18
Closest police station
0.99 Miles
Closest fire station
0.98 Miles

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

Ownership

Ownership information for 988 East 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 988 East 55th Street, Brooklyn, NY 11234

Sale date Sale price Buyer name Seller name
09/15/2016 $722,000 XXXXXXX, XXXXXXXX X XXXXXXXXX, XXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
08/06/2021 - R
01/08/2021 - D		 Agreement
(2021033000267005)		 XXXXXXX XXXXXXXX X XXXX
08/06/2021 - R
01/08/2021 - D		 Mortgage
(2021033000267004)		 XXXXXXX XXXXXXXX X XXXX
08/06/2021 - R
12/28/2020 - D		 Assignment, Mortgage
(2021033000267003)		 XXX XX XXXXXX XXXX
08/06/2021 - R
12/28/2020 - D		 Assignment, Mortgage
(2021033000267002)		 XXXXXX XXXXXXXXX XXXXXXXX XXXXXXXXXXX XXX XX XXXXXX
08/06/2021 - R
12/28/2020 - D		 Assignment, Mortgage
(2021033000267001)		 XXXX XXXXXX XXXXXXXXX XXXXXXXX XXXXXXXXXXX
11/15/2016 - R
10/06/2016 - D		 Satisfaction of Mortgage
(2016101900467001)		 XXXXXXXXX XXXX XXXXXXXXXX XXXXXXXX XXXXXXX XXX
09/30/2016 - R
09/21/2016 - D		 Satisfaction of Mortgage
(2016092200177001)		 XXXXXXXXX XXXX XXXXXXXXX XX XXXXXXX XXX XXXXX XXXXXXXXXXX
09/23/2016 - R
09/15/2016 - D		 Mortgage
(2016092000717002)		 XXXXXXX XXXXXXXX X XXXXXXXX XXXXXXXXXX XXXXXXXXXXXXX XXXXXXX XXX
09/23/2016 - R
09/15/2016 - D		 Deed
(2016092000717001)		 XXXXXXXXX XXXX XXXXXXX XXXXXXXX X
09/13/2013 - R
07/01/2013 - D		 Satisfaction of Mortgage
(2013070500615001)		 XXXXXXXXX XXXX XXXXXXXXXX XXXXXXXX XXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 988 East 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
$8,312
Municipal exemptions
Recent tax assessments
Market value
$722,000
Assessed value
$43,320

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 $758,000 $45,480 $41,887 19.843% $8,312 $8,312 -0.45%
2024/25 $777,000 $46,620 $41,569 20.085% $8,349 $8,349 +6.00%
2023/24 $850,000 $51,000 $39,217 20.085% $7,877 $7,877 +4.83%
2022/23 $799,000 $47,940 $36,998 20.309% $7,514 $7,514 +7.83%
2021/22 $664,000 $39,840 $34,906 19.963% $6,968 $6,968 -5.15%
2020/21 $675,000 $40,500 $34,906 21.045% $7,346 $7,346 +0.18%
2019/20 $747,000 $44,820 $34,641 21.167% $7,332 $7,332 +7.25%
2018/19 $718,000 $43,080 $32,681 20.919% $6,837 $6,837 +14.22%
2017/18 $608,000 $36,480 $29,362 20.385% $6,285 $5,985 +8.73%
2016/17 $518,000 $31,080 $27,538 19.991% $5,815 $5,505 +2.35%
Permits

Permit information for 988 East 55th Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
05/06/2024 Alteration

*Most recent permit on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Flatlands residential market stats

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

Median sale price

$455,000

-34.5% Y-o-Y

Median price/sq. ft.

$478

-11% 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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
4

Subway & traffic

Closest station
Nostrand Ave & Flatbush Ave at NE Corner
Station lines
2-5
Distance (miles)
1.238
View subway map

Access the detailed traffic volume map for 988 East 55th Street, Brooklyn, NY 11234 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. 251 Paerdegat 3 Yes Public PK, K-5 306 0.14
P.S. 251 Paerdegat 3 Yes Public PK, K-5 306 0.14
P.S. 326 NR No Public PK, K-2 149 0.40
P.S. 326 NR No Public PK, K-2 149 0.40
Great Oaks Elementary School NR No Private K-8 116 0.46
The Bible Speaks Academy NR No Private 3-9 5 0.50
P.S. 109 4 No Public PK, K-8 520 0.53
P.S. 109 4 No Public PK, K-8 520 0.53
Ebenezer Preparatory School NR No Private PK-8 92 0.60
Ebenezer Preparatory School NR No Private PK-8 92 0.60
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Jhs 78 Roy H Mann 6 Yes Public 6-8 542 1.03
Great Oaks Elementary School NR No Private K-8 116 0.46
The Bible Speaks Academy NR No Private 3-9 5 0.50
P.S. 109 4 No Public PK, K-8 520 0.53
Ebenezer Preparatory School NR No Private PK-8 92 0.60
Brooklyn Kids Preparatory School NR No Private K-7 40 0.63
Is 68 Isaac Bildersee 4 No Public 6-8 214 0.70
Christian Heritage Academy NR No Private PK, K-12 269 0.73
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Academy for Conservation and the Environment 4 No Public 9-12 383 0.28
Brooklyn Theatre Arts High School 4 No Public 9-12 216 0.28
Victory Collegiate High School 2 No Public 9-12 264 0.28
Brooklyn Bridge Academy 4 No Public 9-12 116 0.28
Brooklyn Community High School for Excellence and Equity 3 No Public 9-12 181 0.28
Christian Heritage Academy NR No Private PK, K-12 269 0.73
Nazareth Regional High School NR No Private 9-12 448 0.73
Nazareth Regional High School NR No Private 9-12 325 0.73
Eisek Hatorah d'RACHMISTRIVKA NR No Private 9-12 107 0.79
Kurt Hahn Expeditionary Learning School 1 No Public 9-12 152 1.01

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 988 East 55th Street, Brooklyn, NY

5521 Avenue H, Brooklyn 986 E 55th St, Brooklyn 965 E 55th St, Brooklyn 956 E 55th St, Brooklyn 975 E 55th St, Brooklyn 960 E 55th St, Brooklyn 958 E 55th St, Brooklyn 5523 Avenue H, Brooklyn 5519 Avenue H, Brooklyn 968 E 55th St, Brooklyn 5501 Avenue H, Brooklyn 974 E 55th St, Brooklyn 966 E 55th St, Brooklyn 5515 Avenue H, Brooklyn 5507 Avenue H, Brooklyn 982 E 55th St, Brooklyn 5517 Avenue H, Brooklyn 973 E 55th St, Brooklyn 970 E 55th St, Brooklyn 962 E 55th St, Brooklyn

Nearby ZIP codes for 988 East 55th Street, Brooklyn, NY

11203, New York City, NY 11204, New York City, NY 11207, New York City, NY 11208, New York City, NY 11210, New York City, NY 11212, New York City, NY 11213, New York City, NY 11216, New York City, NY 11218, New York City, NY 11223, New York City, NY 11225, New York City, NY 11226, New York City, NY 11229, New York City, NY 11230, New York City, NY 11233, New York City, NY 11235, New York City, NY 11236, New York City, NY 11239, New York City, NY 11694, New York City, NY 11697, New York City, NY

Frequently asked questions

What is the year built for 988 East 55th Street, Brooklyn, NY 11234?

The development at 988 East 55th Street, Brooklyn, NY 11234 was built in 1960.

What is the total square footage of 988 East 55th Street, Brooklyn, NY 11234?

988 East 55th Street, Brooklyn, NY 11234 has a total of 2,124 square feet.

When was 988 East 55th Street, Brooklyn, NY 11234 last sold and what was the sale price?

988 East 55th Street, Brooklyn, NY 11234 was last sold on 09/15/2016 for $722,000.

What is the assessed value of 988 East 55th Street, Brooklyn, NY 11234?

988 East 55th Street, Brooklyn, NY 11234 is currently assessed at $43,320.

What are the property taxes for 988 East 55th Street, Brooklyn, NY 11234?

The property taxes for 988 East 55th Street, Brooklyn, NY 11234 total $8,311.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

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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.

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