Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
551 SUTTER Avenue

For Sale · Listing by ISLAND ADVANTAGE REALTY LLC

551 SUTTER Avenue

East New York, Brooklyn

$725,000

Interested in this property?
Active For Sale Multi Family

$725,000

$604 per sq ft

551 SUTTER Avenue

East New York, Brooklyn

MLS® #RLS20116194

RLS at REBNY

Listing by ISLAND ADVANTAGE REALTY LLC

4
Bedrooms
3
Baths
1,200
Sq. Ft.
1935
Year Built

Quick Summary

Bedrooms 4
Bathrooms 3
Living Area 1,200 sq ft
Lot Size 1,200 sq ft
Year Built 1935
Ownership None
Property Taxes $2,448/yr
Neighborhood East New York
Floor 1 of 2

Property Highlights

  • Views: Other
  • Character: Pre-war building (1935)

Property Details

Type Multi Family
Ownership None
Total Rooms 8
Baths 3 Full
Floor 1 of 2
View Other
Pets Yes
Year Built 1935
Living Area 1,200 sq ft
Structure Type Townhouse
Basement Other
Lot Size 1,200 sq ft
Parcel # 03751-0034
Block/Lot 03751/0034

Listing History

Event Date Price Change
Listed Sep 18, 2026 $725,000 -
Currently Sep 19, 2026 $725,000 -

Description

Excellent 2-story, 2-unit dwelling with partial brick construction, fully attached with 2nd floor balcony, having the charm and character consistent with its era of construction. Exceptional location providing ease of access to area stores, eateries, shops, transportation, parks, and other local amenities. This is a tremendous opportunity to get a great piece of real estate with amazing potential.

Features & Amenities

Interior Features

Smoke Free In Unit

Exterior Features

None

Building Amenities

Green Building

Building Information

Building Data View Compliance & Permits
Total Units 2
Stories 2
Structure Townhouse

Financial Details

RE Taxes $2,448/yr ($204/mo)

East New York offers a wide range of housing types including semi-detached homes, two-to-four-family houses, brick rowhouses, and new affordable construction developments along major corridors like Atlantic and Pennsylvania Avenues. The neighborhood has strong transit coverage with the 2, 3, 4, and 5 trains on the New Lots Line and the L train along the Canarsie Line, plus the major transfer hub at Broadway Junction. Shirley Chisholm State Park on Jamaica Bay and Spring Creek Park provide waterfront green space along the neighborhood's southern edge.

East New York Live Market Data

View Neighborhood

Active Listings

18

Median Asking Price

$825K

Median $/Sqft

$462

Avg Days on Market

N/A

New This Week

2

Price Reduced

22%

Sold (30 Days)

1

Median Sale Price

$990K

Live data from RLS at REBNY • Updated 9/18/26, 11:49 PM EST

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Location

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551 SUTTER Avenue, East New York, Kings County

Building Information

Official NYC property records for this building

1935
Year Built
91 years old
2
Floors
2
Residential Units
C4-3
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $40,140
Land Value: $15,360
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,200 SF
Building Area: 1,350 SF
Built FAR: 1.13
Allowed FAR: 2.43

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed annual property tax is $2,448, or roughly $204 per month. Verify the current assessment with your attorney before closing.

This property has 4 bedrooms and 3 full bathrooms.

The listed interior living area is 1,200 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1935, making it approximately 91 years old.

This listing is None

Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $725,000 for 1,200 sq ft, the asking price per square foot is approximately $604. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20116194
First Listed: 9/18/2026
On Market: 9/18/2026
Price Changed: 9/18/2026
Contract Date: 9/18/2026

Listing Courtesy of ISLAND ADVANTAGE REALTY LLC - Todd Yovino

Listing Contact: (516) 819-7800

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 9/19/2026 at 3:49 AM UTC

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East New York Market Update

1 sale last 30 days · $825K median · 18 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Multi Family Neighborhood East New York Borough Brooklyn
County Kings
Floor 1 of 2
Year Built 1935
First Listed 9/18/2026
Living Area 1,200 sqft
Annual Tax $2,448

Monthly Costs Estimate

Down Payment 20%

$145,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $204
Total Monthly $0

Estimates only. Consult a lender for exact figures.

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