Rare Residential & Commercial Conversion Opportunity Near Brooklyn’s 8th Avenue Chinatown! Welcome to 816 56th Street, Brooklyn, a unique one-family home with excellent commercial conversion potential, ideally located just minutes from the vibrant 8th Avenue commercial corridor in the heart of Brooklyn’s Chinatown. The property features 4 bedrooms and 3 bathrooms, with two stories plus a basement, along with a private garage in the rear. One of the property’s strongest features is its R6/C1-3 zoning, offering tremendous flexibility and potential for commercial or mixed-use conversion, subject to applicable zoning regulations and approvals. Ideal for investors, developers, business owners, or end users looking to establish a retail, restaurant, office, service, or other permitted commercial use in one of Brooklyn’s busiest commercial neighborhoods. Excellent location near 8th Avenue shopping, restaurants, supermarkets, transportation (B70, B11, B9, B16 Buses and N, R, W, D Trains), and neighborhood amenities. Use it as a home, convert for business use, or explore its redevelopment potential — a rare opportunity in a prime Brooklyn location.
Active
Price cut: $100K (9/11)
$1,299,000
816 53rd St, Brooklyn, NY 11220
3beds
884sqft
Single Family Residence
Built in 1915
-- sqft lot
$1,248,900 Zestimate®
$1,469/sqft
$-- HOA
What's special
- 54 days
- 833
- 19
Zillow last checked:
Listing updated:
Listed by:
Remax Edge 917-916-2368,
Kelly Wu
Source: StreetEasy,MLS#: S1842413
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Has fireplace: No
Interior area
- Total structure area: 884
- Total interior livable area: 884 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Details
- Parcel number: 056650013
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1915
Community & HOA
Community
- Subdivision: Sunset Park
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $1,469/sqft
- Tax assessed value: $1,179,000
- Annual tax amount: $6,505
- Date on market: 8/14/2026
Estimated market value
$1,248,900
$1.19M - $1.31M
$3,840/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Price change | $1,299,000-7.1%$1,469/sqft |
Source: | ||
| 8/14/2026 | Listed for sale | $1,399,000-6%$1,583/sqft |
Source: | ||
| 1/31/2023 | Listing removed | -- |
Source: | ||
| 7/28/2022 | Listed for sale | $1,488,000+50.3%$1,683/sqft |
Source: | ||
| 7/6/2022 | Sold | $990,000-9.2%$1,120/sqft |
Source: Agent Provided Report a problem | ||
| 4/13/2022 | Pending sale | $1,090,000$1,233/sqft |
Source: | ||
| 4/9/2022 | Price change | $1,090,000-26.4%$1,233/sqft |
Source: | ||
| 3/13/2022 | Listed for sale | $1,480,000+410.3%$1,674/sqft |
Source: | ||
| 3/23/2001 | Sold | $290,000+87.1%$328/sqft |
Source: Public Record Report a problem | ||
| 10/1/1998 | Sold | $155,000$175/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,505 +4.6% | $70,740 +26.6% |
| 2024 | $6,217 | $55,860 +13.8% |
| 2023 | -- | $49,080 -1.6% |
| 2022 | -- | $49,860 -9% |
| 2021 | -- | $54,780 +6% |
| 2020 | $5,487 +6.3% | $51,660 -9.6% |
| 2019 | $5,164 +1.3% | $57,120 +134.4% |
| 2018 | $5,097 +2.6% | $24,364 |
| 2017 | $4,967 +12.5% | $24,364 +1% |
| 2016 | $4,414 | $24,124 +6% |
| 2015 | $4,414 +72.9% | $22,767 +5.9% |
| 2014 | $2,552 | $21,496 +5.9% |
| 2013 | -- | $20,304 |
| 2012 | -- | $20,304 +1% |
| 2011 | -- | $20,104 +6% |
| 2010 | -- | $18,973 +5.9% |
| 2009 | -- | $17,914 +5.9% |
| 2008 | -- | $16,920 |
| 2007 | -- | $16,920 +1% |
| 2006 | -- | $16,754 +6% |
| 2005 | -- | $15,811 +5.9% |
| 2004 | -- | $14,929 +5.9% |
| 2003 | -- | $14,100 |
| 2002 | -- | $14,100 +1% |
| 2001 | -- | $13,962 +6% |
| 2000 | -- | $13,176 |
Find assessor info on the county website




