865 55th Street
Property Description
An exceptional two-family brick residence awaits at 865 55th Street, offering strong income potential in one of Brooklyn's most sought-after neighborhoods. Built in 1920, this 2,080 sq. ft. property sits on a 2,003 sq. ft. lot and features 7 bedrooms and 2.5 baths across two stories - an ideal setup for investors or end-users looking to customize. The R6 zoning district presents outstanding development potential, with the possibility to maximize buildable space (subject to zoning and architect verification). Investment Highlights: - Versatile Two-Family Layout: Two self-contained units offering immediate rental income potential. - R6 Zoning: Rare opportunity for developers and builders to explore expanded buildable square footage. - Delivered Vacant: Property will be sold as-is and delivered vacant at closing, giving buyers a blank canvas. - Low Carrying Costs: Annual property taxes approximately $8,702.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,400,000 |
| Year Built: | 1920 |
| Lot Size: | 2,080.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 3 |
ID: 3yd-BMLSNY-504978
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1060 39th Street
Brooklyn, New York
507 Delaware Avenue
Portland, PennsylvaniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout