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$1,775,000
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Property Description
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.
Full Property Details
Full Property Details for 554 Central Ave
General
- Price: $1,775,000
- Taxes: $5,260
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 1029842
- Updated: 9/10/2026
- Added to Site: 59 day(s) ago
Interior
- Interior Features: First Floor Bedroom, Entrance Foyer, Formal Dining, High Ceilings, Natural Woodwork, Storage, Washer/Dryer Hookup
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Parking
- Parking Features: On Street, Open
Location
- County: Kings (Brooklyn)
- Cross Streets: Weirfield Street
- Driving Directions: Please see Google Maps.
School Information
- High School District: Brooklyn 32
- Elementary School: Ps 151 Lyndon B Johnson
- Middle School: Evergreen Ms-Urban Exploration
- High School: Bushwick Community Hs
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Radiant
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected
Structural Information
- Detached/Attached: Attached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Finished, Full Basement, Storage Space, Walk-Out Access
- Building Size: 3600
- Square Feet: 3,600
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.0367
- Lot Size (Sq. Ft.): 1,600
Financial Considerations
- Tax Amount: $5,260.32
Disclosures and Reports
- Special Conditions: None
- Property ID: 03403-0034
Listed by Real Broker NY LLC
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Schools
Schools serving 554 Central Ave
School District:New York City Geographic School District 32
| Name | Grades | Distance |
|---|---|---|
Ps 299 Thomas Warren Field School 88 Woodbine Street, Brooklyn, NY 11221 | K-5 | 0.3 mi |
Jhs 291 Roland Hayes 231 Palmetto Street, Brooklyn, NY 11221 | 6-8 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 554 Central Ave
Date
Details
Price
Change
Source
9/10/2026
Price Reduced
$1,775,000
-6.58%
MLS
7/23/2026
Listed
$1,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 554 Central Ave
554 Central Avenue, Brooklyn, NY 11207 (MLS# 1029842) is a Multi-Family property with 3 units containing 9 bedrooms and 3 full bathrooms. 554 Central Avenue is currently listed for $1,775,000 and was received on July 23, 2026. Want to learn more about 554 Central Avenue? Do you have questions about finding other Multi-Family real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

