554 Central Ave, Brooklyn, NY, 11207
About This Home
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 square feet 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 Approve-No Financial provided due to property is vacant. -sds
Getting Around
Walker's Paradise
Very Limited Transit
Very BikeableSchools
Construction
Materials
- Foundation: Block
- Roof: Flat
- Construction materials: Brick,Siding,Wood Frame
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Stove,Washer
Basement
- Has basement: Yes
- Basement: Full,Partially Finished,Walk-in
Bedrooms & Bathrooms
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Hardwood
Heating & Cooling
- Heating features: Natural Gas,Steam/Radiator
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
Property
Details
- Attached to another structure: Yes
- Special condition: Arm's Length
- Foundation area: 1200
Features
- Fencing: Full
Lot
- Lot size: 1,600 sqft
- Features: Back Yard
- Lot size dimensions: 80x100
Parking
- Parking features: Street,None
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $9,607 | $115,284 |
| Home Insurance * | $742 | $8,904 |
| Property Taxes | $886 | $10,632 |
| Electricity | $594 | $7,139 |
| Total | $11,829 | $141,948 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Listed for sale | $1,900,000 |
View on Zillow