Price Reduced Listing
224 E 55th Street,Brooklyn, NY 11203
Brooklyn, NY 11203
Description
Welcome to 224 East 55th Street, a well-maintained mixed-use property located in the heart of East Flatbush, one of Brooklyn's most vibrant and growing communities. This versatile building offers approximately 2,700 square feet of total space and presents an excellent opportunity for both investors and owner-users. The property features a commercial retail space (formerly used as a beauty parlor on the ground floor), offering strong street presence with convenient walk-in access and excellent visibility along a residential corridor with steady foot traffic. The layout is well-suited for continued salon use or can be adapted for a variety of commercial purposes, including retail, office, or professional services. Above the commercial space sits a spacious duplex residential apartment spanning the second floor and basement levels. The residence offers a functional and flexible layout with multiple bedrooms, a full bathroom, and generous living space. The basement level provides additional recreational or storage space, along with utility areas, enhancing the overall usability of the home. Adding to its appeal, the property includes a private driveway, a valuable and often hard-to-find feature in Brooklyn, offering convenient off-street parking and enhanced accessibility for both residential and commercial use. This mixed-use configuration creates an ideal live/work opportunity or income-producing investment, allowing for rental income from one or both units. Situated in a dynamic, high-density neighborhood, the property benefits from a strong local customer base, nearby shopping corridors, schools, and community amenities. Transportation is easily accessible via multiple bus lines including the MTA B46 bus, MTA B47 bus, and MTA B82 bus, as well as nearby subway service on the New York City Subway 2 line and New York City Subway 5 line, providing convenient access throughout New York City. Whether you're looking to establish your business, generate rental income, or invest in a growing Brooklyn market, this property offers exceptional flexibility and long-term potential. Property will be delivered FULLY VACANT! Don't miss this unique opportunity to own a mixed-use building in a thriving East Flatbush location.
Details
| MLS # | 988745 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1910 |
| Days On Site | 132 |
| Listing Provided By | Mitra Hakimi Realty Group LLC | Etan Hakimi |
Features
| SQ Feet | 2,700 |
|---|---|
| Basement | Y |
| Units | 2 |
| Zoning | R5 |
| Acreage | 0.03 |
Interior
| Cooling | None |
|---|---|
| Heating | Other |
Exterior
| Construction Materials | Other |
|---|---|
| Foundation Details | Other |
Parking
| Parking Features | Driveway, Private |
|---|
Utilities
| Utilities | Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2026 |
|---|---|
| Tax Annual Amount | 4269 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11203 |
| Listing VS Median (in 11203) | |
Price: $799,000 low | high Med: $849,900 sqft: 2,700 low | high Med: 2,344 $ / sqft: $296 low | high Med: $368 On site: 132 low | high Med: 528.5 | |
Market Activity 11203
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11203 |
| Listing VS Median (in 11203) | |
Price: $799,000 low | high Med: $849,900 sqft: 2,700 low | high Med: 2,344 $ / sqft: $296 low | high Med: $368 On site: 132 low | high Med: 528.5 | |
