556 Hart Street, New York (Brooklyn), NY, 11221 | $1,700,000

Discover the Apex of Opportunity at 556 Hart Street, Brooklyn, NY 11221 This dynamic 3-family brick townhouse, built in 2004, presents an unrivaled investment or owner-occupied opportunity in the heart of bustling Bushwick. Boasting 3, 279 square feet of existing living space with the potential to build an additional 1, 654 square feet (for a total of 4, 933 square feet), this R6-zoned property offers endless possibilities for customization and future growth. Set on a 2, 031-square-foot lot with dimensions of 20. 83' x 97. 5', this attached townhouse impresses with its substantial 20. 8' x 52' building dimensions spread across three floors, making it ideal for creating spacious living units or reimagining it into your dream residence. Parking in New York City is a luxury, and this property delivers with a private driveway accommodating two cars. Additionally, a high-ceilinged, unfinished basement offers immense potential—whether for storage, recreation, or conversion into a livable space. The unfinished backyard is a blank canvas, awaiting your vision to transform it into a serene urban oasis. While the property needs work, the potential here is nothing short of extraordinary. Whether you’re an investor seeking a high-yield asset or a homeowner with an eye for design, the FAR of 2. 43 allows room to expand and add value. Situated on a quiet, tree-lined street, this townhouse offers both privacy and accessibility, placing you just moments from trendy cafes, eclectic boutiques, and multiple transportation options. With its solid brick construction, spacious layout, and prime location, 556 Hart Street is more than just a property—it’s a gateway to dynamic living and lucrative potential. Don’t miss the chance to create something truly spectacular in one of Brooklyn’s most vibrant neighborhoods.

Features

  • Town: New York
  • Rooms: 17
  • Bedrooms: 11
  • Baths: 6 full
  • Style: Other
  • Year Built: 2004
  • Heating: Natural Gas
  • Cooling: None
  • Basement: Unfinished
  • Approx Sq. Feet: 3,279
  • Acreage: 0.05
  • Est. Taxes: $11,367
  • Elem. School: Contact Agent
  • Middle School: Contact Agent
  • High School: Contact Agent
  • School District: Brooklyn
  • Appliances: None
  • MLS#: 813492
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/813492/556hartstreet_newyork_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Coldwell Banker Reliable R E   Phone: 718-921-3100

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

556 Hart Street, New York (Brooklyn), NY, 11221

$1,700,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,360,000 $1,360,000 $1,360,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.550% 6.220% 5.781%
Monthly Tax Payment $947 $947 $947
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,616 $8,264 $11,203
Total Monthly Payment $8,688 $9,336 $12,275

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.