55 Stanhope Street, Brooklyn, NY 11221

Building Details

Year Built

2016

Listing agent Derek Bestreich License #10991237362

Listing office IPRG Investment Property Realty Group

Listing date Jun 5, 2026

Source Crexi

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 IPRG Investment Property Realty Group

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Overview

Built in 2016, this protected 2B tax class multifamily property contains eight free-market apartments. Each unit is equipped with separate utilities, including heat/hot water, and wall-mounted AC units, supporting individualized climate control and utility responsibility. The building also includes a basement with laundry machines for tenant use.

The property is located at 55 Stanhope Street in Brooklyn’s Bushwick neighborhood, positioned between Evergreen Avenue and Central Avenue. Access to Manhattan is supported by nearby subway service, with the J, Z, M, and L lines within walking distance. The surrounding area also offers a concentration of retail along Knickerbocker Avenue, Myrtle Avenue, and Broadway.

Designed for tenants seeking independence and on-site conveniences, the unit-level heating/hot water setup and wall AC can help reduce shared utility arrangements. The in-building laundry feature provides everyday practicality without leaving the property. For buyers and operators, the combination of a newer construction profile, free-market apartment structure, and the specific eviction protections described for this building can support a more straightforward long-term operating approach.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

• Map
• Local Demand

City

Brooklyn

County

Kings

State

New York

Longitude

-73.92538

Latitude

40.696

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FAQs

What type of property is this?

Apartment building - 2016-built eight-unit building with separate utilities and wall AC, plus in-building tenant laundry.

Where is this apartment building located?

The property is located at 55 Stanhope Street Brooklyn, NY.

What is the asking price?

The asking price for this property is $4,200,000.

What are key features of this property?

This property features: 2016‑built 8‑unit free market apartment building not subject to Good Cause Eviction; Each unit has separate utilities, including heat/hot water, plus wall‑mounted AC units; On‑site tenant laundry in the basement with laundry machines provided for tenants