For sale

Price cut: $150K (7/25)

$2,150,000

550 Hart Street, Brooklyn, NY 11221

--beds

--baths

5,250sqft

Quadruplex, Multi Family

Built in 1931

-- sqft lot

$-- Zestimate^®

$410/sqft

$-- HOA

What's special

Excellent investment opportunity in the heart of Bushwick! This well-maintained 4-family property offers strong income-producing potential and tremendous upside in one of Brooklyn’s most sought-after neighborhoods. Conveniently located near the Central Ave M train with easy access to restaurants, shopping, parks, and nightlife. Spacious building featuring multiple residential units, high rental demand, and endless possibilities for investors or end-users alike. Ideal for portfolio expansion, value-add improvements, or long-term hold. Prime Brooklyn location with excellent transportation access and strong neighborhood growth.

88 days

211

2

Facts & features

Interior

Heating

Natural Gas

Cooling

Central Air

Features

Eat-in Kitchen
Basement: Finished
Attic: None

Interior area

Total structure area: 5,250
Total interior livable area: 5,250 sqft

Property

Parking

Parking features: Off Street

Lot

Size: 2,438 Square Feet

Details

Parcel number: 032260015
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Quadruplex, Multi Family
Attached to another structure: Yes

Materials

Other
Foundation: Other

Condition

Year built: 1931

Utilities & green energy

Gas: Separate Gas Meters: 5
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & HOA

Location

Region: Brooklyn

Financial & listing details

Price per square foot: $410/sqft
Tax assessed value: $630,450
Annual tax amount: $13,630
Date on market: 5/27/2026
Cumulative days on market: 88 days
Listing agreement: Exclusive Right To Sell
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/25/2026	Price change	$2,150,000-6.5%$410/sqft
Source: OneKey® MLS as distributed by MLS GRID #1004910 Report a problem
5/27/2026	Listed for sale	$2,300,000-22%$438/sqft
Source: OneKey® MLS as distributed by MLS GRID #1004910 Report a problem
9/8/2021	Listing removed	--
Source: Nest Seekers International Report a problem
5/4/2020	Price change	$2,950,000-4.8%$562/sqft
Source: Nest Seekers International Report a problem
3/26/2020	Listed for sale	$3,100,000$590/sqft
Source: Nest Seekers International Report a problem
9/20/2019	Listing removed	$3,100,000$590/sqft
Source: Compass Report a problem
5/14/2019	Listed for sale	$3,100,000+40.9%$590/sqft
Source: Compass Report a problem
11/2/2016	Listing removed	$2,200,000$419/sqft
Source: Target Realty Group Report a problem
8/29/2016	Pending sale	$2,200,000$419/sqft
Source: Target Realty Group Report a problem
11/16/2015	Listed for sale	$2,200,000+193.3%$419/sqft
Source: Target Realty Group Report a problem
4/18/2006	Sold	$750,000+114.3%$143/sqft
Source: Public Record Report a problem
3/4/2004	Sold	$350,000+25%$67/sqft
Source: Public Record Report a problem
12/15/1999	Sold	$280,000+891.2%$53/sqft
Source: Public Record Report a problem
6/24/1996	Sold	$28,250$5/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$13,697 +2.8%	$630,450 +8.3%
2024	$13,328	$582,300 +7.3%
2023	--	$542,700 +15.1%
2022	--	$471,600 +11%
2021	--	$424,800 -8.7%
2020	$10,565 +3.3%	$465,300 +7.3%
2019	$10,228	$433,620 +470.8%
2018	--	$75,972 +8%
2017	$8,950 +6.6%	$70,370 +8%
2016	$8,394	$65,158
2015	$8,394 +53.9%	$65,158 +3.3%
2014	$5,454	$63,079 +7.9%
2013	--	$58,440 +8%
2012	--	$54,131 +8%
2011	--	$50,122
2010	--	$50,122 +3.3%
2009	--	$48,523 +7.9%
2008	--	$44,954 +8%
2007	--	$41,640 +8%
2006	--	$38,556
2005	--	$38,556 +3.3%
2004	--	$37,326 +7.9%
2003	--	$34,580 +8%
2002	--	$32,031 +8%
2001	--	$29,659
2000	--	$29,659

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: Bushwick

Getting around

94 / 100

Walker's Paradise

86 / 100

Very Bikeable

Nearby schools

GreatSchools rating

6/10
Ps 274 Kosciusko
Grades: PK-5Distance: 0.2 mi
5/10
Is 349 Math Science And Technology
Grades: 6-8Distance: 0.3 mi
3/10
Bushwick Leaders High School For Academic Excellence
Grades: 9-12Distance: 0.1 mi

Schools provided by the listing agent

Elementary: Ps 376
Middle: Jhs 383 Philippa Schuyler
High: Bushwick Leaders High School For Academic Excelle

Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.