175 East 55th Street

East Flatbush

$999,000
Price
1,999 / 0.05
Lot Size / Acres

Description

Nestled in the heart of a burgeoning neighborhood, 175 E 55th Street presents an exceptional investment opportunity for astute investors seeking prime real estate in a sought-after location. Situated on a spacious plot of land measuring 40 feet by 100 feet, this property boasts zoning approval for the construction of a six-family home, offering lucrative potential for both rental income and long-term capital appreciation. Strategically positioned within a vibrant community, this parcel of land offers...Nestled in the heart of a burgeoning neighborhood, 175 E 55th Street presents an exceptional investment opportunity for astute investors seeking prime real estate in a sought-after location. Situated on a spacious plot of land measuring 40 feet by 100 feet, this property boasts zoning approval for the construction of a six-family home, offering lucrative potential for both rental income and long-term capital appreciation. Strategically positioned within a vibrant community, this parcel of land offers convenience and accessibility, with close proximity to essential amenities including schools, shopping centers, dining establishments, and public transportation hubs. Its central location ensures easy access to major thoroughfares, facilitating seamless connectivity to neighboring districts and beyond. The approved plans for a six-family home align perfectly with the increasing demand for multifamily residences in the area, catering to the evolving needs of modern urban dwellers. Whether as a rental property or a condominium development, this project presents a lucrative opportunity to capitalize on the growing rental market or capitalize on the demand for residential units in the area. Moreover, the property's favorable zoning status streamlines the development process, reducing regulatory hurdles and expediting construction timelines, thereby maximizing returns on investment. Additionally, the dimensions of the land offer ample space for landscaping, parking, and outdoor amenities, enhancing the appeal and value of the proposed development. In summary, 175 E 55th Street represents a compelling investment proposition, combining an ideal location, favorable zoning, and a robust market demand for multifamily housing. With its potential for significant returns, this property is poised to become a cornerstone asset in any investor's portfolio. Don't miss out on the opportunity to capitalize on this prime real estate offering in one of the city's most promising neighborhoods.
  1. Listed by Eyal Sagi • WW Realty Group Inc
    P: 917-319-8892 C: 917-319-8892 wwrealtycorp@gmail.com

Property Details for 175 East 55th Street

Township
Brooklyn
Zoning Description
Other

Location

Listing Courtesy of WW Realty Group Inc
Add your commute
LISTING UPDATED: 04/08/2024 12:26 PM

Property Details for 175 East 55th Street

StatusActive
MLS IDH6295536
Days on Market44
Taxes$3,462 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeLand
MLS TypeLand
Year Built1910
Lot Size1,999 SF / 20' x 100'
CountyKings County

Building

175 E 55th St

1 Units1 StoriesBuilt in 1910

Location

Listing Courtesy of WW Realty Group Inc
Add your commute

Building Information for 175 East 55th Street

Lot Size1,999 SF / 20' x 100'Building Age-Building Type-

Payment Calculator

$5,740 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,452

Property Taxes

$289

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 175 East 55th Street

Summary
Location and General Information
  • Senior Community YN: No
  • MLS Area Minor: 13
  • Lot Size Source: Other
  • State Or Province: NY
School Information
  • School District: Brooklyn 14
  • Elementary School District: Brooklyn 14
  • Elementary School: Call Listing Agent
  • Middle Or Junior School District: Brooklyn 14
  • Middle Or Junior School: Call Listing Agent
  • High School District: Brooklyn 14
  • High School: Call Listing Agent
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 04681-0069
  • Tax Map Number: 04681-0069
  • Tax Assessed Value: $405,000.00
Interior and Exterior Features
Interior Features
  • Amenities: Public
Exterior Features
  • Elevation Certificate: No
Utilities
  • Sewer: Public Sewer
  • Water Source: Public

Property History for 175 East 55th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 175 East 55th Street

Taxable ValueLand$10,080Additions$16,020Total$26,100
Home Facts
Total Finished SqFt560 SqFtLot Size2,000 SqFtYear Built1910ZoningR5APN3046810069

Schools near 175 East 55th Street

This home is within Nyc Geog District #18 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 244 Richard R Green
PublicPK to 5

Kurt Hahn Expeditionary Learning School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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175 East 55th Street is a 0.05 ac of land for sale in East Flatbush. This property was listed for sale on March 18, 2024 by WW Realty Group Inc, it's currently listed at $999,000. It has been on the market for a total of 44 days and was last sold on August 1, 2014. This listing's school district is Nyc Geog District #18 - Brooklyn. Nearby schools include P.S. 244 Richard R Green, Middle School Of Marketing And Legal Studies and Kurt Hahn Expeditionary Learning School. 175 East 55th Street is a 0-bed, 0-bath, 0.05 ac of land built in 1910 on a 1,999 sq. ft. / 0.05 acres lot.

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Listing Courtesy of WW Realty Group Inc

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY 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. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.