1 month on rocket

550 E 88th St, Brooklyn, NY, 11236

$1,059,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths
2,859 SqFt
$370/SqFt
Multi

Location

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550 E 88th St, Brooklyn$1,059,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking2 Spaces, Carport
Garage2 spaces
Year Built1965
HeatingSteam, Natural Gas
BasementYes
FireplaceStove
MLS #487543
StatusActive

About 550 E 88th St

This amazing solid brick, renovated and meticulously well maintained two family dwellings, located on a quiet block, near BJ's, countless convenient shops, L train and Bus stops. This gem offers a blend of all stainless steel appliances, new windows, new hot water heater, hard wood floorings throughout, granite countertops and some modern light fixtures. Top floor features large three bedrooms, massive Living room, eat-in kitchen, full bath and modern ceiling lights and lots of closets. Middle floor offers a front deck, huge two bedrooms, spacious living room, eat-in-kitchen, full bath, contemporary light fixtures and ample closets, also a brand new, walk-in and completely finished Lower level which has many spectacular features which includes two rooms, a brand new full bath, EIK & LR. Not to mention a built-in front garage plus a driveway, and a fully enclosed backyard for your private entertaining. EGI: $86,400; GE: $14,750; NOI: $71,650; Cap rate: 6.8% A must see to believe!!! Please, do not disturb any of the tenants!

Property Details

Property Features

Property Information:

  • Architectural Style: High Ranch
  • Year Built: 1965
  • Stories: 2
  • Living Area: 2,859 SqFt

Listing Office:

  • Office Name: How to Sell Realty

Interior Features

Interior Information:

  • Appliances: Refrigerator, Stove
  • Basement: Yes
  • Flooring Type: Ceramic, Hardwood
  • Fireplace: Stove

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Deck

Parking Information:

  • Garage Space: 2 spaces
  • Parking: 2 Spaces, Carport

Utilities

Utilities Information:

  • Heating: Steam, Natural Gas

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,059,000
  • Price Per SqFt: $370/SqFt

Tax Information:

  • Annual Amount: $7,630
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

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Brooklyn, NY

City

Med. Sold Price

$979.9K

Med. Price/SqFt

$701

Avg. Days On Market

111

# of Sold Homes

385

550 E 88th St vs Brooklyn

32 DAYS ON ROCKET

-79 Days

$1,059,000

+$79K More

$370/SqFt

-$332 Less

KEY TAKEAWAY

This property is $79K more than the Median Sold Price and $332/SqFt less than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #487543

Listing Office:

  • Office Name: How to Sell Realty

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2024 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/21/2024, 8:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 03, 2017Home Sold
$400,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,630$51,960
2019$7,629$48,600
2018$5,358$33,056
2017$5,262$31,185

History based on county public records data.

Payment Calculator

$5,353

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,241

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-786907
5
/10

  • P.S. 114 Ryder Elementary School

  • 1077 Remsen Ave

  • 0.22 miles

  • Public District Grades KG-5

school-card-donut-786908
5
/10

  • P.S. 233 Langston Hughes School

  • 9301 Avenue B

  • 0.58 miles

  • Public District Grades KG-5

school-card-donut-786909
7
/10

  • New American Academy Charter School (The)

  • 9301 Avenue B

  • 0.58 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,225. Typical income of Brooklyn, NY residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›Brooklyn›11236›550 E 88th St

This home is located at 550 E 88th St in Brooklyn, NY and zip code 11236 in the Canarsie neighborhood. This 2,859 square foot home was built in 1965. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $1,059,000.

While more than 28 listings in Brooklyn, NY in November 2024 were sold above asking price, there were more than 196 listings sold at asking price, and more than 161 were sold below. The inventory of homes for sale in Brooklyn, NY between October 2024 and November 2024 decreased by 10.5%. While the average time on the market in November 2024 was 111 days, the median list price was $979,913.

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

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