$999,000 Price Analysis    ♡   Brooklyn, NY 11203 Unknown bed 0 bath unknown SqFt ($0/SqFt) 1,999SqFt lot. Listed 2024-05-16, Taxes $3,462 | Ⓧ USDA Ineligible due to property near Brooklyn |
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 open plot of land measuring 40 feet by 100 feet, this property boas ts zonng 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.
Presented by Eyal Sagi at
WW Realty Group Inc.
Property MLS #H6306682 from OneKeyMLS
Lot Size Square Feet: 1999
Calculated Total Monthly Association Fees: 0
High School District: Brooklyn 14
Middle or Junior School District: Brooklyn 14
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Brooklyn
List Price Low: 999000
Source Property Type: Land
Parcel Number: 04681-0069
Postal City: East Flatbush
Township: Brooklyn
Property Subtype: Unimproved Land
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $14,280 + $10,080 $24,360 | $3,462 |
| 2021 | $14,280 + $10,080 $24,360 | $3,573 |
| 2020 | $10,920 + $10,080 $21,000 | $3,393 |
| 2019 | $6,600 + $10,080 $16,680 | $3,164 |
| 2018 | $6,993 + $7,885 $14,878 | $3,112 |
| 2017 | $6,847 + $7,617 $14,464 | $2,948 |
| 2016 | $5,842 + $8,318 $14,160 | $2,830 |
| 2015 | $5,458 + $7,901 $13,359 | $2,612 |
| 2014 | $4,128 + $8,479 $12,607 | $2,415 |
| 2013 | $4,133 + $8,266 $12,399 | $2,080 |
| 2012 | $3,911 + $8,143 $12,054 | $1,901 |
| 2010 | $3,793 + $8,007 $11,800 | $1,902 |
| 2009 | $3,403 + $7,730 $11,133 | $1,795 |
| 2007 | $7,835 + $2,210 $10,045 | $1,550 |
$999,000
OneKeyMLS
Listed 2024-06-20
$999,000
OneKeyMLS
Listed 2024-05-16
$999,000
OneKeyMLS
Listing removed 2024-05-13
$999,000
OneKeyMLS
Listed 2024-03-21
$999,000
OneKeyMLS
Listing removed 2023-02-26
$0
Brooklyn
Listed 2022-12-22
$1,200,000
Brooklyn
Listing removed 2015-06-08
$525,000
Brooklyn
Listed 2015-04-24
$525,000
Brooklyn
Sold 2014-09-11
$200,000
Public Record
Sold 2014-08-01
$100,000
Brooklyn
Listed 2013-11-15
$300,000
Brooklyn
Water Source: Public
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.