#488431, Listing Office: Tom Marco Real Estate
Property details
About 175 E 55th St
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!
Highlights
Home typeOther
StatusComing Soon
Lot size0.0459 Acres
MLS #867825
Active DateJune 06, 2025
Summary
- List Price: $999,000
- Annual Tax Amount: $3,646
- Tax Year: 2024
- Lot Size: 0.0459 Acres
- MLS Number: 867825
- MLS Name: ONEKEY2
- Office Name: WW Realty Group Inc
- Office Phone: (917) 319-8892
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/28/2025, 2:11:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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175 E 55th St
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 11, 2014 | Home Sold | $200,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $26,100 | $3,646 |
| 2023 | $24,300 | $3,585 |
| 2021 | $24,360 | $7,151 |
| 2019 | $21,000 | $3,393 |
| 2018 | $14,878 | $2,948 |
| 2017 | $14,464 | $2,830 |
History based on county public records data.
Nearby schools
8
P.S. 268 Emma Lazarus School
Public District KG-5
0.3 mi
•133 E 53rd St
7
P.S. 244 Richard R. Green School
Public District PK-5
0.4 mi
•5404 Tilden Ave
5
P.S. 135 Sheldon A. Brookner School
Public District KG-5
0.4 mi
•684 Linden Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $94,703. The majority of Brooklyn, NY residents have income between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
7%
<35k
47%
35k-100k
42%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
43%
Single, No Kids
25%
Single, with Kids
14%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
9%
12-17 yrs old
24%
18-34 yrs old
40%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Music Concerts
Where do the neighbors shop?
IKEA
Banana Republic
H&M
Where do the neighbors go to eat?
Quiznos
Jack In The Box
Chipotle
What do the neighbors drive?
Lexus
Toyota
Volkswagen
What do the neighbors listen to?
Soft Adult Contemporary
Jazz- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 175 E 55th St
The listing price of 175 E 55th St property is $999,000.
The property 175 E 55th St is land located in Brooklyn, New York, 11203.
Coming Soon: 175 E 55th St is Coming Soon. This listing has not previously been on the market, but will be on the market soon (no showings are allowed yet). A listing contract has been executed.
The nearby schools for 175 E 55th St are: P.S. 268 Emma Lazarus School (GreatSchools Rating 8/10), P.S. 244 Richard R. Green School (GreatSchools Rating 7/10), P.S. 135 Sheldon A. Brookner School (GreatSchools Rating 5/10), Brooklyn Science and Engineering Academy (GreatSchools Rating 7/10), East Flatbush Community Research School (GreatSchools Rating 4/10), Lamad Academy Charter School (GreatSchools Rating 5/10), Kings Collegiate Charter School (GreatSchools Rating 6/10), Kurt Hahn Expeditionary Learning School (GreatSchools Rating 1/10), Cultural Academy for the Arts and Sciences (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $3,646 (source: MLS/based on county public records data).
The last sale was on September 11, 2014 for $200,000 (source: MLS/tax record).
The property 175 E 55th St is 0.046 acres.
This home is located at 175 E 55th St in Brooklyn, NY and zip code 11203 in the East Flatbush neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 28, 2025 and is currently priced at $999,000.
While more than 38 listings in Brooklyn, NY in April 2025 were sold above asking price, there were more than 194 listings sold at asking price, and more than 146 were sold below. The inventory of homes for sale in Brooklyn, NY between March and April 2025 increased by 2.3%. While the average time on the market in April 2025 was 121 days, the median list price was $994,292.
From Rocket Homes Real Estate and based on county public records data.