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

229 55th Street, Brooklyn, NY 11220

SINGLE_FAMILY - Brooklyn, NY

Space SizeContact for details
Lot Size0.09 Acres
Days on Market424

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

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: Jul 29 Last Checked: Aug 16 at 6:06PM
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.

Brand new office units located at 229 55th Street offer flexible space across multiple levels. The first floor features a 890 SF community facility with front and rear entrances for convenient access. An elevator provides access to the cellar, where an additional 3,028 SF of space is available.

Each level includes one bathroom and 3 A/C units. The property totals 3,918 SF and was built in 2016. Zoning is R6B, and the space is described as suitable for uses such as an accounting office, attorney office, home care office, or non-profit organizations.

Transit and everyday retail access are nearby, including proximity to the 4th and 5th Avenue commercial district, and minutes from the N, R, W train station and B11 and B37 bus stops.

Key Highlights

  • First floor offers 890 SF with both front and rear entrances
  • Elevator access to cellar space with an additional 3,028 SF
  • Each level has 1 bathroom

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

$38.97 /SF/Yr
Avg Asking Price
$9.28–$107 /SF/Yr
Price Range
4,210 SF
Avg Space Size

This space is priced 39% below the average of $38.97 /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
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Frequently Asked Questions

What type of property is this?
Office units - Brand new office units offer first-floor space plus additional cellar space with separate front and rear entrances.
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: First floor offers 890 SF with both front and rear entrances; Elevator access to cellar space with an additional 3,028 SF; Each level has 1 bathroom
More about this property
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