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    228 55Th St Brooklyn, NY 11220

    For Sale
    $1,450,000

    Prime Brooklyn lot, 4,157 sq ft, $1.45M

    Property size:
    2,786 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial land parcel, located at 228 55th Street C1 in the vibrant Kings (Brooklyn) County, New York, presents a unique investment opportunity. The property boasts a sizable 4,157 square foot lot, offering significant development potential. Currently designated as a community facility unit, this versatile space is zoned for a variety of commercial uses, subject to applicable city regulations and approvals. The asking price is $1,450,000. The property consists of a single unit and encompasses a total area of 2,786 square feet. The ceiling height is noted as "Other," requiring further inquiry for precise dimensions. Situated in the 11220 zip code of Brooklyn, NY, this location benefits from excellent accessibility and proximity to various amenities. This is an ideal opportunity for developers, investors, or businesses seeking a strategic foothold in a thriving Brooklyn neighborhood. The property's size and location make it suitable for a range of commercial ventures. Serious inquiries are encouraged to explore the possibilities of this prime commercial land offering. Further details regarding zoning and permitted uses are available upon request.

    Property Features for 228 55Th St

    General Information

    Property type
    Land
    Square Feet
    2,786 SF

    Building Details

    Units
    1

    HighLights

    • Prime 4,157 SF commercial lot in Brooklyn, NY (11220).
    • Zoned for various commercial uses (buyer to verify).
    • Asking price: $1,450,000.
    • 2,786 SF single‑unit building.
    • Ceiling height: To be verified.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -74.0193137
    Latitude
    40.6456975

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    FAQs

    What type of property is this?
    Land - Prime Brooklyn lot, 4,157 sq ft, $1.45M
    Where is this land located?
    The property is located at 228 55Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Prime 4,157 SF commercial lot in Brooklyn, NY (11220).; Zoned for various commercial uses (buyer to verify).; Asking price: $1,450,000.
    Request Owner's contact information
    228 55Th St Brooklyn, NY 11220
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    Brooklyn, 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
    228 55Th St Brooklyn, NY 11220
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