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Mixed-Use Development Assemblage
New
For Sale
$4,990,000

5501 4th Ave, Brooklyn, NY 11220

Two adjoining properties combine a corner building with a separate parcel containing a garage and former church space.

Property SizeContact for details
Days on Market2

Property Features for 5501 4th Ave

General Information

Standard status Active
Property subtype Land
Listing Agency: RE/MAX Edge
Listed By: ZaiYou (Joe) Zhu · License #ZYZ1615
Source: Elliman
Added: Oct 19 Last Checked: Oct 19 at 2:09PM

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.

This two-property Brooklyn assemblage totals approximately 5,216 SF of land. At 404 55th Street, a three-story brick corner building occupies approximately 2,450 SF of land. Architectural plans dated May 2026 show a proposed two-story vertical and horizontal addition with four residential units and commercial space. The adjoining 412 55th Street parcel comprises approximately 2,766 SF of irregular land, with a front garage and former church space at the rear.

Both properties are zoned R7A/C2-4, with a stated residential FAR of 4.0. Preliminary plans for 412 55th Street show 18 residential condo units, one retail space, and one community facility. A separate preliminary concept for the combined properties explored up to 27 residential condo units. The properties may be acquired together or individually. Nearby amenities include subway service, shopping, and restaurants.

Key Highlights

  • Approximately 5,216 SF of combined land across two adjoining properties
  • Three‑story brick corner building at 404 55th Street on approximately 2,450 SF of land
  • 412 55th Street includes approximately 2,766 SF of irregular land, a front garage, and former church space

Property Analytics

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Current Use

Commercial land

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.

Location Intelligence

Trade Area within ½ mile

7,042
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two adjoining properties combine a corner building with a separate parcel containing a garage and former church space.
Where is this mixed-use property located?
The property is located at 5501 4th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: Approximately 5,216 SF of combined land across two adjoining properties; Three‑story brick corner building at 404 55th Street on approximately 2,450 SF of land; 412 55th Street includes approximately 2,766 SF of irregular land, a front garage, and former church space
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