175 E 55th ST Active

East Flatbush,NY 11203

$ 999000

- Bed

- Bath

- SqFt


Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID H6327338

Annual Tax Amount $3,462

Lot Size 2,178 Sqft

Property Description

Located in a prime location, this home offers easy access to shopping, dining, parks, and more. Don't miss your chance to make 175 E 55th Street your forever home. Schedule a showing today and experience the epitome of luxury living! Nestled in the heart of a burgeoning neighborhood, 175 E 55th Street presents an exceptional investment opportunity for astute investors seeking prime real estate in a sought-after location. Situated on a spacious plot of land measuring 40 feet by 100 feet, this property boasts zoning approval for the construction of a six-family home, offering lucrative potential for both rental income and long-term capital appreciation. Strategically positioned within a vibrant community, this parcel of land offers convenience and accessibility, with close proximity to essential amenities including schools, shopping centers, dining establishments, and public transportation hubs. Its central location ensures easy access to major thoroughfares, facilitating seamless connectivity to neighboring districts and beyond. The approved plans for a six-family home align perfectly with the increasing demand for multifamily residences in the area, catering to the evolving needs of modern urban dwellers. Whether as a rental property or a condominium development, this project presents a lucrative opportunity to capitalize on the growing rental market or capitalize on the demand for residential units in the area. Moreover, the property's favorable zoning status streamlines the development process, reducing regulatory hurdles and expediting construction timelines, thereby maximizing returns on investment. Additionally, the dimensions of the land offer ample space for landscaping, parking, and outdoor amenities, enhancing the appeal and value of the proposed development. In summary, 175 E 55th Street represents a compelling investment proposition, combining an ideal location, favorable zoning, and a robust market demand for multifamily housing. With its potential for significant returns, this property is poised to become a cornerstone asset in any investor's portfolio. Don't miss out on the opportunity to capitalize on this prime real estate offering in one of the city's most promising neighborhoods.

Location

State NY

County Brooklyn

Zoning Other

Building

Sewer Public Sewer

Water Public

Schools

Elementary Schools Call Listing Agent

Middle Schools Call Listing Agent

High Schools Call Listing Agent

School District City Of New York

Others

Special Listing Condition None

View More
Favorite Go Tour