$999,000
175 E 55th ST East Flatbush, NY 11203
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$999,000
Est. payment /mo
2,178 Sqft Lot
UPDATED:
09/12/2024 02:25 PM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID H6327338
Originating Board onekey
Rental Info No
Annual Tax Amount $3,462
Lot Size 2,178 Sqft
Acres 0.05
Property Description
Located in a prime location, this home offers easy access to shopping, dining, parks, and more. Don't miss your chance to make 175 E 55th Street your forever home. Schedule a showing today and experience the epitome of luxury living! 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.
Location
State NY
County Brooklyn
Zoning Other
Interior
Fireplace No
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Call Listing Agent
Middle Schools Call Listing Agent
High Schools Call Listing Agent
School District City Of New York
Others
Senior Community No
Special Listing Condition None
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Listed by WW Realty Group Inc • 917-319-8892
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