Address
175 E 55th Street, East Flatbush, NY
Price
$ 999,000
Property Attributes
- ID#H6295536
- TypeLot-Land
- CountyBROOKLYN
- CityEast Flatbush
- Zip11203
- Style
- Taxes$ 3462
- Price$ 999,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1999
- Lot Size2,178 SqFt
Data Source:
OneKey® MLS
Property 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 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Call Listing Agent Elementary School | Call Listing Agent Middle School | Call Listing Agent High School |
| Price History | |
|---|---|
| 3/18/2024 | Listed $999,000 |
General Features
| High School | Call Listing Agent |
|---|---|
| High School District | Brooklyn 14 |
| Elementary School | Call Listing Agent |
| Middle/Junior High School | Call Listing Agent |
| Middle/Junior School District | Brooklyn 14 |
| Elementary School District | Brooklyn 14 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Lot-Land Average in 11203
Price
Taxes
Visits
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