Prime Development Opportunity – 817 55th St, Brooklyn, NY 11220 Located in Sunset Park, this property sits on an R6-zoned lot, offering strong development potential. With a standard 20 × 100 lot, builders can take advantage of 2.2–3.0 FAR, allowing for a 4–6 story residential building—ideal for rentals, condos, or mixed-use projects. R6 zoning also permits community facility use, adding flexibility for various development strategies. Surrounded by ongoing new construction and rapid neighborhood growth, the area continues to attract developers and investors. With close proximity to Industry City, transportation, and the waterfront, the upside here is clear. A great opportunity to build, invest, or hold in one of Brooklyn’s fastest-growing neighborhoods.
Pending
Price cut: $120K (4/20)
$2,380,000
817 55th St, Brooklyn, NY 11220
12beds
2,280sqft
Multi Family
Built in ----
-- sqft lot
$2,258,400 Zestimate®
$1,044/sqft
$-- HOA
What's special
- 87 days |
- 63 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Ashford Homes LLC 929-364-1301,
Yan Hong Huang 929-928-7112
Source: BNYMLS,MLS#: 500376
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Hot Water
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood
- Basement: Finished
Interior area
- Total structure area: 2,280
- Total interior livable area: 2,280 sqft
Property
Parking
- Parking features: None, Other
Features
- Stories: 3
Lot
- Size: 2,000 Square Feet
- Dimensions: 20x100
- Features: Back Yard
Details
- Foundation area: 1100
- Parcel number: 056720074
- Zoning: r6
- Special conditions: Arm's Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Flat
Utilities & green energy
- Electric: 220 Volts
Community & HOA
Community
- Subdivision: Brooklyn
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $1,044/sqft
- Tax assessed value: $1,825,000
- Annual tax amount: $8,933
- Date on market: 4/10/2026
- Cumulative days on market: 87 days
Estimated market value
$2,258,400
$2.15M - $2.37M
$4,254/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/4/2026 | Pending sale | $2,380,000$1,044/sqft |
Source:  BNYMLS #500376 Report a problem | ||
| 4/20/2026 | Price change | $2,380,000-4.8%$1,044/sqft |
Source: BNYMLS #500376 Report a problem | ||
| 4/10/2026 | Listed for sale | $2,500,000$1,096/sqft |
Source: BNYMLS #500376 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,043 +4.7% | $109,500 +2% |
| 2024 | $8,636 | $107,400 +1.8% |
| 2023 | -- | $105,480 +4.1% |
| 2022 | -- | $101,280 +5% |
| 2021 | -- | $96,480 +8.4% |
| 2020 | $8,039 +6% | $89,040 |
| 2019 | $7,584 +6.5% | $89,040 +161.6% |
| 2018 | $7,120 +8.3% | $34,038 +5.6% |
| 2017 | $6,573 +4.3% | $32,246 |
| 2016 | $6,305 | $32,246 +1.9% |
| 2015 | $6,305 | $31,648 +6% |
| 2014 | -- | $29,859 +5.3% |
| 2013 | -- | $28,365 +5.6% |
| 2012 | -- | $26,872 |
| 2011 | -- | $26,872 +1.9% |
| 2010 | -- | $26,374 +6% |
| 2009 | -- | $24,883 +5.3% |
| 2008 | -- | $23,638 +5.6% |
| 2007 | -- | $22,394 |
| 2006 | -- | $22,394 +1.9% |
| 2005 | -- | $21,979 +6% |
| 2004 | -- | $20,736 +5.3% |
| 2003 | -- | $19,699 +5.6% |
| 2002 | -- | $18,662 |
| 2001 | -- | $18,662 +1.9% |
| 2000 | -- | $18,316 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Sunset Park
Nearby schools
GreatSchools rating
- 7/10Ps 160 William T SampsonGrades: K-5Distance: 0.4 mi
- 6/10Jhs 223 The MontaukGrades: 6-8Distance: 1.3 mi
- 3/10Franklin Delano Roosevelt High SchoolGrades: 9-12Distance: 1.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
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