224 E 55th Street, Brooklyn, NY 11203
Kings (Brooklyn) County
Key Facts
Description
Welcome to 224 East 55th Street, a well-maintained mixed-use property located in the heart of East Flatbush, one of Brooklyn’s most vibrant and growing communities. This versatile building offers approximately 2,700 square feet of total space and presents an excellent opportunity for both investors and owner-users. The property features a commercial retail space (formerly used as a beauty parlor on the ground floor), offering strong street presence with convenient walk-in access and excellent visibility along a residential corridor with steady foot traffic. The layout is well-suited for continued salon use or can be adapted for a variety of commercial purposes, including retail, office, or professional services. Above the commercial space sits a spacious duplex residential apartment spanning the second floor and basement levels. The residence offers a functional and flexible layout with multiple bedrooms, a full bathroom, and generous living space. The basement level provides additional recreational or storage space, along with utility areas, enhancing the overall usability of the home. Adding to its appeal, the property includes a private driveway, a valuable and often hard-to-find feature in Brooklyn, offering convenient off-street parking and enhanced accessibility for both residential and commercial use. This mixed-use configuration creates an ideal live/work opportunity or income-producing investment, allowing for rental income from one or both units. Situated in a dynamic, high-density neighborhood, the property benefits from a strong local customer base, nearby shopping corridors, schools, and community amenities. Transportation is easily accessible via multiple bus lines including the MTA B46 bus, MTA B47 bus, and MTA B82 bus, as well as nearby subway service on the New York City Subway 2 line and New York City Subway 5 line, providing convenient access throughout New York City. Whether you’re looking to establish your business, generate rental income, or invest in a growing Brooklyn market, this property offers exceptional flexibility and long-term potential. Property will be delivered FULLY VACANT! Don’t miss this unique opportunity to own a mixed-use building in a thriving East Flatbush location.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1910
Living Area
2,700 sq ft
Lot Size
0.03 acres
Days on Market
88
MLS® Listing#
988745
Property Features
Cooling
Heating
Parking
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$4,269
Parcel Number
04680-0028
Affordability Calculator
$165,600
Estimated monthly payment
$4,407/mo
Principal $662,400 · Est. interest $924,107 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Brooklyn, NY
- $991,912
- Median Listing Price
- 83
- Median Days on Market
- 1,640
- Median Sq Ft
- $567
- Median Price / Sq Ft
- 2,891
- Active Listings
- This home’s price is 17% below the area median.
- Its price per sq ft is 46% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Brooklyn, NY.
Location
Getting Around
Points of Interest in Brooklyn, NY
Showing the Brooklyn area map.
Nearby Schools
Flatbush Sda School
Secondary · 0.3 mi away
Mt. Olive Bible Institute and Seminary
School · 0.3 mi away
Oholei Torah
School · 0.3 mi away
Public School 244
Elementary · 0.3 mi away
Ateres Chaya Mushka
School · 0.3 mi away
P.S. 268
Elementary · 0.3 mi away
Kamit Preparatory Institute
School · 0.3 mi away
Kurt Hahn Expeditionary Learning School
School · 0.4 mi away
PS 135 Sheldon A Brookner
Elementary · 0.4 mi away
Public School 36/1232
School · 0.4 mi away
Is 232
Secondary · 0.4 mi away
I. S 285 Meyer Levin
Secondary · 0.5 mi away
Uncommon Kings Middle School
Secondary · 0.5 mi away
Is 252
Secondary · 0.5 mi away
P. S 219 Kennedy- King Elementary School
Elementary · 0.5 mi away
Lamad Academy Charter School
Elementary · 0.5 mi away
Excelsior Elementary School
Elementary · 0.5 mi away
East Brooklyn Community High School
Secondary · 0.6 mi away
The New American Academy Charter School
Elementary · 0.6 mi away
PS 233
Elementary · 0.6 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1093 Shore Parkway 2B, Brooklyn, NY | $580,000 | 2 | — | 950 |
| 864 56th Street 4C, Brooklyn, NY | $580,000 | 1 | — | 615 |
| 1109 Banner Avenue 6A, Brooklyn, NY | $580,000 | 3 | — | 1,095 |
| 601 Surf Avenue #18J, Brooklyn, NY | $580,000 | 2 | — | 943 |
| 415 Avenue C 3A, Brooklyn, NY | $585,000 | 2 | — | 728 |
| 2375 Ocean Avenue 3H, Brooklyn, NY | $587,000 | 2 | — | 1,200 |
Moving Cost Estimate
EXIT Agents in Brooklyn
Listing Courtesy: Mitra Hakimi Realty Group LLC - 7182685588
Presented by: Etan Hakimi
Fair Housing Notice