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NewNew ListingLuxury

$2,700,000

1 days on market

412 55th St

Brooklyn, NY 11220

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· 8% down, 7% APR, 30yr fixed

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Listing narrative

Description

Rare development opportunity in the highly desirable Sunset Park neighborhood of Brooklyn! Located just off the 4th Avenue corridor, 412 55th Street features approximately 2,766 SF of irregular land, with an existing garage at the front and a former church space toward the rear. Zoned R7A/C2-4 with a residential FAR of 4.0, offering approximately 11,064 SF of theoretical residential zoning floor area. This unique property offers tremendous redevelopment potential for residential condominiums, multifamily apartments, mixed-use development, retail, professional offices, medical offices, and community facilities. The existing front garage also provides an exciting opportunity to explore condominium development with private parking spaces. Preliminary architectural plans feature a proposed development consisting of 18 residential condominium units, 1 retail space, and 1 community facility. Conveniently located near subway transportation, shopping, restaurants, and established neighborhood businesses. Package Deal Available! Purchase this property individually or together with the adjoining property at 404 55th Street Contact the listing agent for architectural drawings, additional information, and private showings.

Listing agent (MLS): Zaiyou Zhu · Listing brokerage (MLS): RE/MAX Edge

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$2,700,000

Beds

Beds n/a

Type

Land

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

1.00 acres

Year

Year n/a

Status

New

Days on Market

1

· 8% down, 7% APR, 30yr fixed

Verified property data

Value, tax & last recorded sale

Public records available on the full property page

Estimated home value

Not available

Automated valuation estimate, not an appraisal. Value and range come from the connected property-data provider.

Public records are available on the full property page.

No record values are inferred or fabricated.

Full MLS property history

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Courtesy of RE/MAX Edge

412 55th St, Brooklyn | Keller New York