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    268 55Th St New York City, NY 11220

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    For Sale
    $3,500,000

    Large land parcel in Sunset Park, primed for development.

    Lot size:
    0.06 Acres

    Property Features for 268 55Th St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1901

    Source: Corcoran Group Agent Corcoran Group

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sunset Park Land Parcel

    This large acre parcel of land presents a rare investment opportunity in the heart of Sunset Park (Industrial City). The property is ideally situated and primed for new development, offering a blank canvas suitable for residential, commercial, or mixed-use projects.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York City
    County
    New York
    State
    New York
    Longitude
    -74.0182241
    Latitude
    40.6451573

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    FAQs

    What type of property is this?
    Land - Large land parcel in Sunset Park, primed for development.
    Where is this land located?
    The property is located at 268 55Th St New York City, NY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Huge acre parcel of land.; - Prime location in the heart of Sunset Park (Industrial City).; - Ideal for new development.
    Request Owner's contact information
    268 55Th St New York City, NY 11220
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    New York City, NY 11220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    268 55Th St New York City, NY 11220
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