Mixed-Use Corner
New
For Sale
$2,300,000
404 55th, Brooklyn, NY 11220
The brick property has R7A/C2-4 zoning and architectural plans for a residential addition.
Property Size6,300 SF
Days on Market3
Property Features for 404 55th
General Information
Standard status
Active
Size
6,300 SF
Property subtype
Commercial
Zoning
R7A/C2-4
Site & Location
Corner Location
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,000
Amenities
near public transportation
shopping
restaurants
neighborhood amenities
Building Details
Building Size
6,300 SF
Year Built
1899
Buildings
1
Stories
3
Units
3
Construction
brick
Listing Agency:
RE/MAX Edge
Listed By:
ZaiYou (Joe) Zhu · License #ZYZ1615
(718) 612-3088
Source:
Elliman
Added: Oct 16
Changed: Oct 18
Last Checked: Oct 16 at 2:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Edge
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Investment Insights
Based on property information with market context.
Built in 1899, this three-story brick corner building is classified as a mixed-use property. The site is zoned R7A/C2-4, with a residential FAR of 4.0. Architectural plans dated May 2026 depict a two-story vertical and horizontal enlargement with four residential units, alongside commercial space.
The property is at 404 55th Street in Brooklyn. Walk Score is 95, Transit Score is 89, and Bike Score is 58. The listing indicates the property may be purchased individually or with the adjoining property at 412 55th Street.
The property is at 404 55th Street in Brooklyn. Walk Score is 95, Transit Score is 89, and Bike Score is 58. The listing indicates the property may be purchased individually or with the adjoining property at 412 55th Street.
Key Highlights
- Three‑story brick corner building, built in 1899
- Zoned R7A/C2‑4 with a residential FAR of 4.0
- May 2026 plans depict a two‑story addition with 4 residential units and commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,880
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,477,600
$3.5M
Cap Rate 7%
$2,484,000
$2.5M
Cap Rate 9%
$1,932,000
$1.9M
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$302.4K $48.00/SF
− Vacancy
−$24.2K −$3.84/SF
EGI
$278.2K $44.16/SF
− OpEx
−$104.3K −$16.56/SF
NOI
$173.9K $27.60/SF
Area
ZIP 11220
Vacancy
8.00%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,477,600
Cap Rate 7%
$2,484,000
Cap Rate 9%
$1,932,000
Alternative Uses
Best Use
Mixed Use
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 7.56%
Second Best
Retail
$2.38M
$2.08M – $2.77M
NOI $166,328 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,889 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,042
Businesses Nearby
115k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 22%
Groceries 18%
Apparel 5%
BP
Shops & Services
17,603 visits/mo
0.4 miles
7-Eleven
Shops & Services
17,278 visits/mo
0.4 miles
Bravo Supermarkets
Groceries
15,635 visits/mo
0.1 miles
Dunkin' Donuts
Dining
15,098 visits/mo
0.4 miles
Chase Bank
Shops & Services
13,539 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The brick property has R7A/C2-4 zoning and architectural plans for a residential addition.
Where is this mixed-use property located?
The property is located at 404 55th Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Three‑story brick corner building, built in 1899; Zoned R7A/C2‑4 with a residential FAR of 4.0; May 2026 plans depict a two‑story addition with 4 residential units and commercial space
