$2,700,000
Active
1 days on market
412 55th
📍 Brooklyn, Brooklyn, NY 11220
Other
Type
About this property
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 condo
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Amenities & features
Key facts
Existing garage
Near shopping
Zoned r7a/c2-4
Property details
Property typeOther
Listing statusActive
Lot size2,766 sqft
Days on market1 days
MLS #1063205
Estimated monthly payment
Listing price$2,700,000
Down payment (20%)$540,000
Loan amount$2,160,000
Principal & interest (7%, 30yr)$14,370/mo
Property tax (est.)$2,625/mo
Home insurance (est.)$1,125/mo
Estimated total$18,120/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.