224 E 55th Street
Brooklyn, NY, 11203 $ 828,000
Bedrooms-- Baths-- Sq 2,700 Monthly Estimate*
$ 5,098
for $828,000. This 2,700 square foot building was built in 1910 on a lot size of 0.0343.
Welcome to 224 East 55th Street, a well-maintained mixed-use property located in the heart of East Flatbush, one of Brooklyn’s most vibrant and growing communities. This versatile building offers approximately 2,700 square feet of total space and presents an excellent opportunity for both investors and owner-users. The property features a commercial retail space (formerly used as a beauty parlor on the ground floor), offering strong street presence with convenient walk-in access and excellent visibility along a residential corridor with steady foot traffic. The layout is well-suited for continued salon use or can be adapted for a variety of commercial purposes, including retail, office, or professional services. Above the commercial space sits a spacious duplex residential apartment spanning the second floor and basement levels. The residence offers a functional and flexible layout with multiple bedrooms, a full bathroom, and generous living space. The basement level provides additional recreational or storage space, along with utility areas, enhancing the overall usability of the home. Adding to its appeal, the property includes a private driveway, a valuable and often hard-to-find feature in Brooklyn, offering convenient off-street parking and enhanced accessibility for both residential and commercial use. This mixed-use configuration creates an ideal live/work opportunity or income-producing investment, allowing for rental income from one or both units. Situated in a dynamic, high-density neighborhood, the property benefits from a strong local customer base, nearby shopping corridors, schools, and community amenities. Transportation is easily accessible via multiple bus lines including the MTA B46 bus, MTA B47 bus, and MTA B82 bus, as well as nearby subway service on the New York City Subway 2 line and New York City Subway 5 line, providing convenient access throughout New York City. Whether you’re looking to establish your business, generate rental income, or invest in a growing Brooklyn market, this property offers exceptional flexibility and long-term potential. Property will be delivered FULLY VACANT! Don’t miss this unique opportunity to own a mixed-use building in a thriving East Flatbush location.
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FeaturesGeneralSewer Public Sewer
Heating Other
Cooling None
Utilities Electricity Available Electricity Connected Sewer Available Sewer Connected Water Available Water Connected
Zoning R5
Construction Materials Other
Year Built 1910
Property Subtype Mixed Use
Tax Year 2026
Parcel Number 04680-0028
Business Type Other
County Kings (Brooklyn)
Property Type Commercial Sale
City New York
Number Of Units Total 2
Property Attached Y/N N
Tax Annual Amount 4269
Building Area Units Square Feet
Standard Status Active
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InteriorBasement See Remarks
Basement Features See Remarks
Basement (Y/N) Y
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ExteriorParking Features Driveway Private Driveway Private
Water Source Public
Foundation Details Other
Building Area Total 2700
Waterfront Y/N N
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* Excluded FeaturesList ByMitra Hakimi Realty Group LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,098
- Monthly Property Taxes
- $356
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Brooklyn, NY
Average List Price $1,867,538
Percent of Sale Price 126%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/22/2026 | $828,000 | | Listed Price |