Brooklyn Gem! An exciting opportunity to own a substantial three family property in one of Bushwick’s most energetic and sought after neighborhoods! 554 Central Avenue offers approximately 3,600 SF across three full stories in a vibrant and bustling section of Bushwick . Delivered fully vacant, the property gives you complete flexibility from day one. Each residence offers generous proportions, spacious layouts, and high ceilings throughout, creating comfortable interiors with excellent potential for renovation, rental income, or multigenerational living. The building’s impressive scale places it among the larger properties on this stretch of Central Avenue. Live in one residence while renting the others, establish market rents across all three units, or reposition the entire property according to your vision. The combination of full vacancy, three residential units, generous interior space, and R6 zoning makes this an appealing opportunity for investors and owner occupants alike. Located near Bushwick’s restaurants, nightlife, shopping, and neighborhood businesses, with convenient access to the J and L trains, the home offers space, flexibility, and long term potential in one of Brooklyn’s most energetic neighborhoods.
| MLS # | 1029842 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 40 |
| Listing Provided By | Real Broker NY LLC | Eliseo Rivera |
| Bed(s) | 9 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 3,600 |
| Basement | Y |
| Units | 3 |
| Acreage | 0.04 |
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Radiant |
| Interior Features | First Floor Bedroom, Entrance Foyer, Formal Dining, High Ceilings, Natural Woodwork, Storage, Washer/Dryer Hookup |
| Construction Materials | Frame |
|---|
| Garage Yes / No | No |
|---|---|
| Parking Features | On Street, Open |
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 88740 |
| Tax Annual Amount | 5260.32 |
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11207 |
| School District | Bushwick Community Hs |
| Elementary School | Ps 151 Lyndon B Johnson |
| High School | Bushwick Community Hs |
| Listing VS Median (in 11207) | |
Price: $1,900,000 low | high Med: $894,450 sqft: 3,600 low | high Med: 1,600 $ / sqft: $528 low | high Med: $595 On site: 40 low | high Med: 201.5 | |
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11207 |
| School District | Bushwick Community Hs |
| Elementary School | Ps 151 Lyndon B Johnson |
| High School | Bushwick Community Hs |
| Listing VS Median (in 11207) | |
Price: $1,900,000 low | high Med: $894,450 sqft: 3,600 low | high Med: 1,600 $ / sqft: $528 low | high Med: $595 On site: 40 low | high Med: 201.5 | |
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