555–557 Flushing Avenue
555–557 Flushing Avenue, between Lee and Marcy avenues · Williamsburg
Williamsburg, Brooklyn
BBL 3022647511 · BIN 3348500
- Year built
- 2003
- Type
- Condominium
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
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A Private Pricing Opinion — what your apartment at 555–557 Flushing Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
555–557 Flushing Avenue is an early-2000s elevator condominium with fourteen residences across seven stories. Its apartment inventory includes recurring layouts around 1,115 square feet and substantially larger four-bedroom accommodation. The building occupies the Flushing Avenue frontage between Lee and Marcy avenues, near the Flushing Avenue G station.
Architecture and unit composition
City records date the building to 2003. The condominium's repeated mid-sized plans extend through several floors, while the upper inventory includes a four-bedroom, 2.5-bathroom home of roughly 2,168 square feet. The larger accommodation therefore has almost twice the area of the recurring smaller footprint.
The city identifies the residential lots as apartments in an elevator condominium. The seven-story form and fourteen-residence count describe a small association within a mid-rise structure. Earlier city valuation records carried approximately 16,650 square feet of gross area.
The recorded floor-area ratio is above the current residential allowance carried for the R7-1 zoning district. The property is not designated by LPC, and there is no historic-district boundary crossing this tax lot.
Building operations
Each of the fourteen apartments has a separate residential Class 2 tax lot. The largest recorded holder owns one residence, so ownership is dispersed across the condominium.
HPD identifies the association under the combined 555–557 Flushing Avenue name. That combined address belongs to the condominium's legal and operating identity even though individual sales commonly use only 555 Flushing Avenue.
No current building-wide abatement is identified. Older tax rolls show that the property previously participated in 421-a; that benefit has since expired, and the present tax position is the one relevant to a new resale purchase.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2010–15 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Jun 10, 2026 | 6R | $999,999 |
| Jun 9, 2025 | 2R | $975,000 |
| Mar 4, 2025 | 6L | $505,000 |
| Jan 3, 2025 | 4R | $995,000 |
| Sep 8, 2022 | 3R | $900,000 |
| Dec 17, 2019 | 5R | $650,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-02264-7511; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
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At the recent median sale of $985K (4 sales in the past 24 months, since November 12, 2024), a buyer putting 25% down would pay about $35,443 to close, or 3.6% of the price.
- Mansion tax: $0
- Mortgage recording tax: $14,221
- Title insurance: $4,433
- Attorneys, lender, building fees, reserves and filings: $16,790
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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Comparable buildings
- 119 Lorimer Street — A fourteen-residence condominium closely matched in age and seven-story scale.
- 15 Lynch Street — Another small elevator condominium from the early-2000s development cycle.
- 434 Marcy Avenue — A nearby condominium with a somewhat larger association.
- 446 Marcy Avenue — A seven-story condominium close by, with more residences sharing the building.
- 270 Wallabout Street — A larger condominium from the same broad construction period on the parallel street.
More Williamsburg buildings
- 535 Kent Avenue (525–535 Park Plaza Condominium) — 2001 condominium
- 538 Union Avenue — 2013 condominium
- 55 Berry Street (Berry Street Lofts) — 1900 condominium by Karl Fischer Architects
- 57–59 Maspeth Avenue — 2004 condominium
- 580 Wythe Avenue (564–580 Park Plaza Condominium) — 2001 condominium
- 590 Lorimer Street — 1899 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Williamsburg.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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646.939.7375 · c.cohen@compass.com