$1,850,000

550 83rd St Brooklyn, NY 11209

$10,000
Closing credit¹
4 full, 1 partial
2,400 sqft
$771 / sqft
Multi-Family

Property details

About 550 83rd St

This well-maintained semi-detached 3-family house offers excellent potential for both investors and homeowners seeking rental income. The property features a spacious 20 x 60 ft home on a generous 20 x 100 ft lot. Shared driveway providing easy access. Detached garage offering parking and extra storage. Conveniently located near public transport, schools, shops, and parks.

Highlights

Home typeMulti Family
HeatingHot Water, Natural Gas
StatusActive
Size2,400 sqft
BasementYes
Year built1925
ParkingDetached Garage, Shared Drive
MLS #490276
FireplaceStove

Summary

  • MLS Number: 490276
  • Office Name: Tiger Realty

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Last updated on: 4/9/2025, 3:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of property featuring a balcony and brick siding

$1,850,000

550 83rd St

$10,000

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
May 16, 2024
Home Sold
$1,600,000

Tax history

YearAssessmentProperty Tax
2024$79,980$10,522
2023$93,600$9,926
2021$77,280$18,516
2019$84,720$9,311
2018$41,187$7,921
2017$38,858$7,328

History based on county public records data.

Nearby schools

8

P.S. 127 Mckinley Park School

Public District KG-5

0.3 mi

7805 7th Ave

7

P.S. 264 Bay Ridge Elementary School For The Arts

Public District KG-5

0.3 mi

371 89th St

8

P.S. 185 Walter Kassenbrock School

Public District KG-5

0.5 mi

8601 Ridge Blvd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $57,797. Residents of Brooklyn, NY typically earn between $35k-100k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

22%
<35k
60%
35k-100k
14%
100k-200k
4%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

50%
Single, No Kids
6%
Single, with Kids
21%
Married, No Kids
23%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
6%
12-17 yrs old
30%
18-34 yrs old
41%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • Art MuseumsArt Museums
  • Music ConcertsMusic Concerts
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • BloomingdalesBloomingdales
  • H&MH&M
  • Banana RepublicBanana Republic

Where do the neighbors go to eat?

  • StarbucksStarbucks
  • ChipotleChipotle
  • Jack In The BoxJack In The Box

What do the neighbors drive?

  • AudiAudi
  • VolkswagenVolkswagen
  • ToyotaToyota

What do the neighbors listen to?

  • NewsNews
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • JazzJazz
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 550 83rd St in Brooklyn, NY and zip code 11209 in the New Utrecht neighborhood. This 2,400 square foot home was built in 1925. Features: 5 bathrooms. It has been listed on Rocket Homes since March 24, 2025 and is currently priced at $1,850,000.

Over 22 listings were sold over their listed price in March 2025 in Brooklyn, NY. In the same period over 156 listings were sold below the listed price and 171 listings were sold for the listed price. The inventory of homes for sale in Brooklyn, NY between February and March 2025 increased by 3.8%. In March 2025 median list price was $995,066 and the average listing age was 142 days.

From Rocket Homes Real Estate and based on county public records data.

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