Search
Office Units with Cellar Space
For Lease
$7,800/Mo

229 55th Street, Brooklyn, NY 11220

Rental, Brooklyn, NY

Space Size3,918 SF
Lot Size0.09 Acres
Days on Market447

Property Features for 229 55th Street

General Information

Property type Residential
Property subtype Office
Zoning R6B
Subdivision Sunset Park
Standard status Active
Size 3,918 SF
Lot size 0.09 Acres

Amenities

air conditioning

Building Details

Year built 2016
Number of units 1
Listing Agency: Fang Fang Realty Inc
Listed By: XueFang (Sue) Li
Added: Jun 19, 2025 Changed: Aug 20 Last Checked: Sep 8 at 4:06PM
MLS# 493620

Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This office property offers 3,918 square feet across a first-floor community facility and a lower-level cellar. The main level contains 890 square feet, while the cellar adds 3,028 square feet of usable space. Front and rear entry points serve the first floor, with elevator access connecting to the cellar. Each level includes one bathroom and three A/C units.

The property is located in Brooklyn’s Sunset Park area near restaurants, supermarkets, banks, pharmacies, and parks. It is also close to the 4th and 5th Avenue commercial district, with access to the N, R, and W trains as well as the B11 and B37 bus routes. The property is zoned R6B and was built in 2016.

Key Highlights

  • 3,918 SF office property with first‑floor and cellar space
  • 890 SF first‑floor community facility
  • 3,028 SF cellar accessible by elevator

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.58 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,522
Businesses Nearby

Demographics for 11220, NY

105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value

Market

Lease Benchmarks for Brooklyn, NY

$40.88 /SF/Yr
Avg Asking Price
$9.28–$150 /SF/Yr
Price Range
4,226 SF
Avg Space Size

This space is priced 42% below the average of $40.88 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - Two-level office configuration includes separate entrances, elevator access, bathrooms, and air-conditioning on each level.
Where is this office units located?
The property is located at 229 55th Street Brooklyn, NY.
What is the lease rate?
The lease rate is $7,800/Mo.
What are key features of this property?
This property features: 3,918 SF office property with first‑floor and cellar space; 890 SF first‑floor community facility; 3,028 SF cellar accessible by elevator
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message