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55 Bay 23rd St, Brooklyn, NY, 11214

6beds
4baths
3,175sqft
$2,199,000
$693price/sqft
$13,393/moest. monthly cost
$535,720/yrincome needed

About This Home

Well-maintained semi-attached 4-family brick home offering both comfort and strong investment potential. This property features a shared driveway with parking for up to two cars, a rare find in Brooklyn. The first floor includes one 1-bedroom apartment and one 2-bedroom apartment. The second floor offers the same layout, providing a consistent and functional setup. The home also features a fully finished basement with a separate entrance, adding valuable additional space. Conveniently located near public transportation, with easy access to the D train at 20th Avenue station. Multiple bus lines including the B1 bus, B64 bus, B6 bus, and B82-SBS bus are also nearby, along with express buses to Manhattan, making commuting throughout Brooklyn and into the city convenient. Enjoy close proximity to shopping, restaurants, and everyday essentials. Building size 21x77 Lot 25x120.

Getting Around

99
WalkingWalker's Paradise
0
TransitVery Limited Transit
63
BikeBikeable

Schools

5/10
Ps 200 Benson SchoolGrades PK-50.1 mi
7/10
Ps 163 Bath BeachGrades K-80.5 mi
3/10
New Utrecht High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1923

Materials

  • Foundation: Concrete Perimeter
  • Roof: Flat
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Refrigerator,Stove,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Finished,Separate Entrance

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4
  • Full bathrooms: 4
  • 3/4 bathrooms: 1

Features

  • Flooring: Hardwood,Tile

Heating

  • Heating features: Natural Gas,Steam/Radiator

Interior Area

  • Total structure area: 3,175
  • Total interior livable area: 3,175 sqft

Property

Details

  • Attached to another structure: Yes
  • Zoning: RX06
  • Special condition: Arm's Length
  • Foundation area: 1617

Lot

  • Lot size: 3,000 sqft
  • Features: Back Yard,Front Yard
  • Lot size dimensions: 25x120

Parking

  • Total spaces: 2
  • Parking features: Shared Drive,2 Spaces
  • 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
    Heat WaveRelatively High
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Winter Weather
Tsunami

FEMA Declared Disasters in Kings County and New York

Flood
Severe Storm
Snowstorm

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

MonthlyAnnual
Mortgage $11,119$133,428
Home Insurance *$724$8,688
Property Taxes $1,026$12,312
Electricity $524$6,296
Total$13,393$160,716
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$459,188/yr
40% on housing$401,790/yr
45% on housing$357,146/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$693This listing

vs Other Active Listings

Avg $/sqft

ZIP 11214$623
Kings County$697

vs Homes Sold Last Month

Median $/sqft

ZIP 11214$568
Kings County$623

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

DateEventPrice
2026-05-04Listed for sale$2,199,000

For Sale by Agent

AgentRenzhang Danny Dong
BrokerageRE/MAX Edge

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