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.
For sale
$2,300,000
550 Hart Street, Brooklyn, NY 11221
--beds
--baths
5,250sqft
Quadruplex, Multi Family
Built in 1931
-- sqft lot
$-- Zestimate®
$438/sqft
$-- HOA
What's special
- 32 days |
- 142 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Keller Williams Landmark II 347-846-1200,
Lotfi Chortani 718-730-5870
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1004910
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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: $438/sqft
- Tax assessed value: $630,450
- Annual tax amount: $13,630
- Date on market: 5/27/2026
- Cumulative days on market: 31 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 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
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Bushwick
Nearby schools
GreatSchools rating
- 4/10Ps 274 KosciuskoGrades: PK-5Distance: 0.2 mi
- 4/10Is 349 Math Science And TechnologyGrades: 6-8Distance: 0.3 mi
- 4/10Bushwick Leaders High School For Academic ExcellenceGrades: 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.
A local agent can set up tours, give advice and negotiate with sellers.
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