For Sale · Listing by Compass
556 Schenectady Avenue
East Flatbush, Brooklyn
$1,099,000
556 Schenectady Avenue
MLS® #RLS20119140
Listing by Compass
- 4
- Bedrooms
- 2
- Baths
- 1,800
- Sq. Ft.
- 1945
- Year Built
Quick Summary
Property Highlights
- Location: East Flatbush, Brooklyn
- Property Type: Single Family Residence
- Built: 1945
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Sep 9, 2026 | $1,099,000 | - |
| Currently | Oct 9, 2026 | $1,099,000 | - |
Description
Development site in East Flatbush on a 27.5' x 100' lot (approx. 2,750 SF), currently improved with a semi-detached single-family home. Analysis indicates a minimum rebuild of approximately 6,072 SF. The property sits directly across from Kingsbrook Jewish Medical Center — a hospital, rehab, and medical-office corridor with steady institutional demand. That location supports more than one exit: Rebuild a larger multifamily or multi-unit residential building. Build a larger single-family / two-family for an end-user who wants scale, outdoor space, and a deep 100' lot. Explore a community-facility or medical-adjacent use given the hospital frontage (subject to zoning and DOB). Semi-detached configuration, Deep 100-foot lot, Frontage on Schenectady Avenue in a dense, housing-short section of central Brooklyn, Located in an Opportunity Zone, which may be relevant for gain-deferral / QOF capital (buyer to confirm tract status and tax treatment). Buyer to independently verify zoning, FAR, height, parking, and Opportunity Zone eligibility.
Features & Amenities
Interior Features
Exterior Features
Building Information
Financial Details
About East Flatbush
View All East Flatbush ListingsEast Flatbush is a largely residential Brooklyn neighborhood characterized by tree-lined streets and rows of early 20th-century brick homes, including single-family houses, semi-detached two-families, and small apartment buildings. The 2 and 5 trains serve the area at Church Avenue, Beverly Road, and Newkirk Avenue stations, connecting residents to Downtown Brooklyn and Manhattan. Lincoln Terrace Park provides recreational space along the neighborhood's northern edge.
East Flatbush Live Market Data
View NeighborhoodActive Listings
34
Median Asking Price
$720K
Median $/Sqft
$469
Avg Days on Market
N/A
New This Week
2
Price Reduced
15%
Sold (30 Days)
3
Median Sale Price
$505K
Live data from RLS at REBNY • Updated 10/8/26, 11:25 PM EST
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Location
556 Schenectady Avenue, East Flatbush, Kings County
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $0 per month. Confirm the exact amount with Milton Coste before making an offer.
The current listed annual property tax is $2,220, or roughly $185 per month. Verify the current assessment with your attorney before closing.
This property has 4 bedrooms and 2 full bathrooms.
The listed interior living area is 1,800 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1945, making it approximately 81 years old.
This listing is None
Pet policy requires confirmation with Milton Coste.
At the current list price of $1,099,000 for 1,800 sq ft, the asking price per square foot is approximately $611. 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 [email protected]. 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) 416-7433Listing Courtesy of Compass - Sean Henry
Listing Contact: (718) 216-3064
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 Data display by Keller Williams NYC. Data last updated on 10/9/2026 at 3:25 AM UTC
See it in person
Sale history, taxes, violations and comps for this unit
Before you bid
Pre-Offer Report: 556 Schenectady Avenue
At $1,099,000, the listing leaves out what decides the offer: the recorded sale history, the tax and abatement picture, open building violations and permits, and the closed sales that set the price. Milton prepares the report from public records. Free, no obligation.
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East Flatbush Market Update
3 sales last 30 days · $720K median · 11.3 months supply
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Quick Facts
Monthly Costs Estimate
$219,800
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
Mansion tax applies at this price point
New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.
Estimated mansion tax at asking
$10,990
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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