--- title: "55 CUMBERLAND Street #BLDG, New York City, NY 11205" description: "55 CUMBERLAND Street #BLDG, New York City, NY 11205 — Fort Greene, New York City, NY. Listing Price $2,850,000. 11 bed, 11 bath Illustrative Buyer Commission Share of $42,750 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11205/55-cumberland-street-bldg-BLDG-ny-11205" source: "Real Estate Rebate Team" status: "Active" --- # 55 CUMBERLAND Street #BLDG, New York City, NY 11205 Fort Greene, New York City, NY Courtesy of Corcoran Group ## At a Glance - **Listing Price**: $2,850,000 - **Beds**: 11 - **Baths**: 11 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $2,850,000 - **Illustrative Buyer Commission Share**: -$42,750* - **Illustrative Net Cost**: $2,807,250 *Illustrative Buyer Savings of $42,750 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (9) ![55 CUMBERLAND Street #BLDG, New York City, NY 11205 — photo 1 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a8c58cd8-c649-464a-bba5-b40ab2e26df0.jpg) ![55 CUMBERLAND Street #BLDG, New York City, NY 11205 — photo 2 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a30add84-e763-4798-befb-f462b31452c8.jpg) ![55 CUMBERLAND Street #BLDG, New York City, NY 11205 — photo 3 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f1cebdf8-7f37-4aca-8d43-681b0a101827.jpg) ![55 CUMBERLAND Street #BLDG, New York City, NY 11205 — photo 4 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/407d0e5e-1ae5-41e6-a401-217398442ec5.jpg) ![55 CUMBERLAND Street #BLDG, New York City, NY 11205 — photo 5 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fb6c7f7c-2cce-4b28-a513-b9e297e9a4c3.jpg) ![55 CUMBERLAND Street #BLDG, New York City, NY 11205 — photo 6 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9c41702d-200c-4283-8c64-b16a331b600f.jpg) ![55 CUMBERLAND Street #BLDG, New York City, NY 11205 — photo 7 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4b8c473c-a9a9-4551-a1f7-d81ef5d63c6c.jpg) ![55 CUMBERLAND Street #BLDG, New York City, NY 11205 — photo 8 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d2bafe20-592d-4e96-81d4-e0c579317a59.jpg) ![55 CUMBERLAND Street #BLDG, New York City, NY 11205 — photo 9 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/76942943-9609-41de-96e1-fb37f04dc93f.jpg) ## Property Overview Presenting 55 Cumberland Street, a rare opportunity to acquire a 10-unit, rent-stabilized mixed-use building in a prime Brooklyn location at the crossroads of Fort Greene and the Brooklyn Navy Yard. This well-positioned asset consists of 10 residential units and 2 ground-floor commercial spaces, offering a balanced income stream with long-term upside. Notably, the majority of residential units are expected to be delivered vacant, providing a unique value-add opportunity for investors to reposition, renovate, and maximize rental potential in a high-demand market. The property spans approximately 7,680 square feet on a 2,630 square foot lot, with residential units averaging 648 square feet. The building also includes 1,200 square feet of retail space, ideal for neighborhood-serving tenants that benefit from strong foot traffic and continued growth in the surrounding area. From a zoning perspective, the property presents a compelling profile with a current FAR of 2.92 and a maximum allowable FAR of 2.0 for commercial and 4.8 for community facility use. While the property is currently overbuilt, investors can capitalize on the existing footprint and explore long-term strategic positioning. Situated on a quiet block yet moments from vibrant Fort Greene, Clinton Hill, and the rapidly expanding Brooklyn Navy Yard, the location offers exceptional access to transportation, retail, and cultural amenities. This dynamic corridor continues to see strong residential demand, making it an ideal setting for long-term growth and stability. Whether you're seeking a value-add rental investment, portfolio expansion, or a strategic mixed-use asset in a thriving Brooklyn neighborhood, 55 Cumberland Street delivers scale, location, and upside. ## Property Details - **Property Type**: Residential - **Beds**: 11 - **Baths**: 11 - **Rooms**: 30 - **Stories**: 4 - **Year Built**: 1905 - **Listed On**: May 12, 2026 - **Days on Market**: 123 Days ### Residence Features - Washer Hookup - City ## Price and Property History for 55 CUMBERLAND Street, Unit BLDG Review the recorded listing activity for 55 CUMBERLAND Street, Unit BLDG, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $350,000, or 10.9%, on August 4, 2026 - **Originally listed**: May 12, 2026 at $3,500,000 - **Current asking price**: $2,850,000 | Date | Price | Listing event | | --- | --- | --- | | August 4, 2026 | $2,850,000 | Asking price reduced by $350,000, or 10.9% | | July 1, 2026 | $3,200,000 | Asking price reduced by $300,000, or 8.6% | | May 12, 2026 | $3,500,000 | Listed for sale by Corcoran Group | ## Property Tax History Taxes at 55 CUMBERLAND Street #BLDG were $63,563 in 2026, down 1.0% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $508,500 | $59,400 | $449,100 | $508,500 | $63,563 | 12.5% (estimated) | | 2025 (FY 2025/26) | $571,500 | $59,400 | $512,100 | $513,590 | $64,199 | 12.5% (estimated) | | 2024 (FY 2024/25) | $496,350 | $59,400 | $436,950 | $496,350 | $62,044 | 12.5% | | 2023 (FY 2023/24) | $592,650 | $59,400 | $533,250 | $534,450 | $66,817 | 12.502% | | 2022 (FY 2022/23) | $507,150 | $59,400 | $447,750 | $507,150 | $62,212 | 12.267% | | 2021 (FY 2021/22) | $472,950 | $59,400 | $413,550 | $472,950 | $57,865 | 12.235% | | 2020 (FY 2020/21) | $558,000 | $59,400 | $498,600 | $499,080 | $61,222 | 12.267% | | 2019 (FY 2019/20) | $551,250 | $59,400 | $491,850 | $486,090 | $60,630 | 12.473% | | 2018 (FY 2018/19) | $495,450 | $17,550 | $477,900 | $467,820 | $59,001 | 12.612% | | 2017 (FY 2017/18) | $449,100 | $17,550 | $431,550 | $460,710 | $58,598 | 12.719% | | 2016 (FY 2016/17) | $474,750 | $17,550 | $457,200 | $482,780 | $62,240 | 12.892% | | 2015 (FY 2015/16) | $551,250 | $17,550 | $533,700 | $497,610 | $64,107 | 12.883% | | 2014 (FY 2014/15) | $459,900 | $17,550 | $442,350 | $502,540 | $64,602 | 12.855% | | 2013 (FY 2013/14) | $530,550 | $17,550 | $513,000 | $554,850 | $72,935 | 13.145% | | 2012 (FY 2012/13) | $542,700 | $17,550 | $525,150 | $562,140 | $74,096 | 13.181% | | 2011 (FY 2011/12) | $549,000 | $9,000 | $540,000 | $485,370 | $65,200 | 13.433% | | 2010 (FY 2010/11) | $576,000 | $9,135 | $566,865 | $407,610 | $54,428 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3020300056. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 55 CUMBERLAND Street 55 CUMBERLAND Street, Brooklyn, NY 11205 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1905 - **Total Units**: 1 - **Floors**: 4 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/55-cumberland-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [BLDG](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11205/55-cumberland-street-bldg-BLDG-ny-11205) | 11 | 11 | — | — | $2,850,000 (-10.9%) | Corcoran Group | May 12, 2026 | 123 days | ## Estimated Monthly Payment **$14,411 / month**, assuming a 20% down payment ($570,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $14,411 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Fort Greene Overview of Fort Greene [Explore Fort Greene](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/fort-greene) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Fort Greene - [Clinton Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/clinton-hill) - [Boerum Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/boerum-hill) - [Downtown Brooklyn real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/downtown-brooklyn) - [Navy Yard real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/navy-yard) - [Vinegar Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/vinegar-hill) - [Prospect Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) ## Related Links - [55 CUMBERLAND Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/55-cumberland-street) - [Fort Greene neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/fort-greene) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.