--- title: "551 SUTTER Avenue, New York City, NY 11207" description: "551 SUTTER Avenue, New York City, NY 11207 — Multi Family Home in East New York, Brooklyn, NY. Listing Price $725,000. 4 bed, 3 bath, 1,200 sqft Illustrative Buyer Commission Share of $10,875 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/551-sutter-avenue-ny-11207" source: "Real Estate Rebate Team" dateModified: "2026-09-18T22:02:29.229Z" status: "Active" --- # 551 SUTTER Avenue, New York City, NY 11207 Multi Family Home in East New York, Brooklyn, NY Courtesy of ISLAND ADVANTAGE REALTY LLC Last updated: September 18, 2026, 6:02 PM ## At a Glance - **Listing Price**: $725,000 - **Beds**: 4 - **Baths**: 3 - **Sqft**: 1,200 - **Monthly Taxes**: $204 / mo - **Price per Sqft**: $604 - **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**: $725,000 - **Illustrative Buyer Commission Share**: -$10,875* - **Illustrative Net Cost**: $714,125 *Illustrative Buyer Savings of $10,875 — 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 (6) ![551 SUTTER Avenue, New York City, NY 11207 — photo 1 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/45640630-ff25-4411-8789-7ee855267a33.jpg) ![551 SUTTER Avenue, New York City, NY 11207 — photo 2 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a1287796-056a-4ad7-b732-c6c16778edb5.jpg) ![551 SUTTER Avenue, New York City, NY 11207 — photo 3 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/64fd3d80-baca-456c-8f73-3daa1f9c39f0.jpg) ![551 SUTTER Avenue, New York City, NY 11207 — photo 4 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2860774b-e770-4feb-b4e5-781ef5495521.jpg) ![551 SUTTER Avenue, New York City, NY 11207 — photo 5 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/729b7405-6d69-4b00-b7ff-10167aa75dde.jpg) ![551 SUTTER Avenue, New York City, NY 11207 — photo 6 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d6ce4843-bb7e-4cd8-a3a9-88a4262d7088.jpg) ## Property Overview Excellent 2-story, 2-unit dwelling with partial brick construction, fully attached with 2nd floor balcony, having the charm and character consistent with its era of construction. Exceptional location providing ease of access to area stores, eateries, shops, transportation, parks, and other local amenities. This is a tremendous opportunity to get a great piece of real estate with amazing potential. ## Property Details - **Property Type**: Multi Family - **Beds**: 4 - **Baths**: 3 - **Rooms**: 8 - **Sqft**: 1,200 sqft - **Stories**: 2 - **Year Built**: 1935 - **Price per Sqft**: $604 - **Monthly Taxes**: $204 / mo - **Listed On**: Sep 18, 2026 - **Days on Market**: 1 Days ### Residence Features - In Unit - Smoke Free ## Estimated Monthly Payment **$3,870 / month**, assuming a 20% down payment ($145,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $3,666 - **Property Taxes**: $204 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $725,000 - **Median sold price**: $950,000 - **Difference**: -$225,000 (-23.7%) - **This home, $/ft²**: $604 - **Median $/ft²**: $467 - **Comparable sales**: 11 - **Sales from**: February 2022 – September 2026 - **Middle half of those sales**: $857,500 – $1,170,000 Based on house sales in East New York. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across East New York. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sale-to-list price**: 93.1% (10 sales) - **Sold below asking**: 80% (10 sales) - **Typical time to find a buyer**: 61 days (11 sales) - **Typical time to close**: 95 days (11 sales) Based on house sales in East New York with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Sales data through September 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 551 SUTTER Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/551-sutter-avenue) ## About The Building ### 551 SUTTER Avenue 551 SUTTER Avenue, Brooklyn, NY 11207 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1935 - **Active Units**: 1 - **Floors**: 2 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/551-sutter-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/551-sutter-avenue-ny-11207) | 4 | 3 | 1,200 sqft | $604 | $725,000 | ISLAND ADVANTAGE REALTY LLC | Sep 18, 2026 | 1 days | ## East New York Overview of East New York [Explore East New York](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/east-new-york) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby East New York - [Cypress Hills real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/cypress-hills) - [Brownsville real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brownsville) - [Howard Beach real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/howard-beach) - [Canarsie real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/canarsie) - [Ozone Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/ozone-park) - [Jamaica Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/jamaica-bay) ## Related Links - [551 SUTTER Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/551-sutter-avenue) - [East New York neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/east-new-york) - [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.