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Prime Redevelopment or Residential Opportunity in East Flatbush. Welcome to 175 East 55th Street, a rare opportunity to own a piece of property in the heart of East Flatbush, one of Brooklyn’s most vibrant and evolving neighborhoods. Listed at $999,000, this property sits on a 2,000 square foot lot, offering incredible potential for those looking to build, invest, or renovate in a well-connected urban setting. Currently improved by a one-story structure built in 1910, the existing building offers 560 square feet of interior space. While modest in size, the property is zoned for single-family residential use, providing a clean slate for a variety of creative visions—from expanding the current structure to constructing an entirely new home, subject to zoning regulations and city approvals. The location couldn’t be more ideal. Situated in a residential yet conveniently located area, 175 East 55th Street is just moments away from a wide array of local amenities. Enjoy easy access to shopping centers, grocery stores, community parks, and reputable schools, making this location perfect for families or future tenants alike. Commuters will appreciate the close proximity to public transportation, with multiple subway and bus lines nearby, providing a straightforward commute into Manhattan and surrounding boroughs. Whether you are a homeowner looking to create your dream residence, a developer seeking your next project, or an investor with an eye for long-term value, this property offers immense potential in a neighborhood that continues to grow in popularity and demand. Don't miss this chance to secure a prime piece of Brooklyn real estate with endless possibilities. Schedule your viewing today and explore all that 175 East 55th Street has to offer!
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate.
Listing information last updated on May 23rd, 2025 at 11:35pm EDT.