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$828,000 Just Listed
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Property Description
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. 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.
Full Property Details
Full Property Details for 224 E 55th St
General
- Price: $828,000
- Taxes: $4,269
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 988745
- Updated: 4/22/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Other
Location
- County: Kings (Brooklyn)
Heating & Cooling
- Cooling Type: None
- Heating Type: Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Other
- Basement: Yes
- Basement Desc.: See Remarks
- Building Size: 2700
- Square Feet: 2,700
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.0343
- Lot Size (Sq. Ft.): 1,492
- Zoning: R5
Financial Considerations
- Tax Amount: $4,269
Disclosures and Reports
- Special Conditions: None
- Property ID: 04680-0028
Listed by Mitra Hakimi Realty Group LLC
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Schools
Schools serving 224 E 55th St
School District:New York City Geographic School District 18
| Name | Grades | Distance |
|---|---|---|
Ps 244 Richard R Green 5404 Tilden Avenue, Brooklyn, NY 11203 | PK-5 | 0.3 mi |
Middle School of Media Law and Fine Arts (The) 905 Winthrop Street, Brooklyn, NY 11203 | 6-8 | 0.4 mi |
Middle School Of Marketing And Legal Studies 905 Winthrop Street, Brooklyn, NY 11203 | 6-8 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 224 E 55th St
Date
Details
Price
Change
Source
4/22/2026
Listed
$828,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 224 E 55th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,322
6%
$21,518
-53%
2024
$4,078
—
$45,480
-15%
2023
$4,078
—
$53,460
10%
2022
$4,092
-49%
$48,780
12%
2021
$8,000
111%
$43,740
-4%
2020
$3,796
6%
$45,720
11%
2019
$3,581
5%
$41,280
144%
2017
$3,422
—
$16,920
1%
2017
$3,422
8%
$16,789
6%
2016
$3,166
8%
$15,839
6%
2015
$2,922
46%
$14,943
6%
2014
$2,008
-21%
$14,100
—
2013
$2,547
—
$14,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 224 E 55th St
224 E 55th Street, Brooklyn, NY 11203 (MLS# 988745) is a Commercial property. 224 E 55th Street is currently listed for $828,000 and was received on April 22, 2026. Want to learn more about 224 E 55th Street? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

