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$1,299,999
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Property Description
Welcome to 566 Schenectady Avenue, a unique investment opportunity in the heart of East Flatbush, Brooklyn. This combined parcel (564 & 566), two properties, has been seamlessly merged into a single, expansive lot with R6 zoning, allowing for flexible residential or mixed-use development up to 4 stories under the current zoning code. Features include a private elevator (3 zones), basement leading to rear exclusive parking, and wide frontage for visibility. Currently operating as a fully equipped medical office, this commercial building is ideally located directly across from a major hospital, making it a turnkey solution for healthcare professionals or investors targeting healthcare, residential, or community facility tenants. This property presents a rare blend of existing income potential, development flexibility, and a strategic location in a high demand medical corridor. Whether you're a developer, investor, medical professional, or someone seeking a commercial property, this commercial asset is an opportunity you won't want to miss.
Full Property Details
Full Property Details for 566 Schenectady Ave
General
- Price: $1,299,999
- Taxes: $19,828
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 925844
- Updated: 10/20/2025
- Added to Site: 89 day(s) ago
Business
- Business Type: Professional/Office
Rental Information
- Complex Features: Bathrooms
Parking
- Parking Features: Alley Access, Driveway, Private
Location
- County: Kings (Brooklyn)
Heating & Cooling
- Cooling Type: Ductless, Wall/Window Unit(s)
- Heating Type: Natural Gas
- Heating Zones: 2
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, See Remarks
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Finished, Full Basement, See Remarks, Walk-Out Access
- Building Size: 3226
- Square Feet: 3,226
- Year Built: 1945
Lot Features
- Lot Size (Sq. Ft.): 4,000
- Zoning: R6
Financial Considerations
- Tax Amount: $19,828.24
Disclosures and Reports
- Special Conditions: None
- Property ID: 04826-0016
Listed by Real Broker NY LLC
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Schools
Schools serving 566 Schenectady Ave
School District:New York City Geographic School District 18
| Name | Grades | Distance |
|---|---|---|
Ps 268 Emma Lazarus 133 East 53rd Street, Brooklyn, NY 11203 | K-5 | 0.4 mi |
Middle School of Media Law and Fine Arts (The) 905 Winthrop Street, Brooklyn, NY 11203 | 6-8 | 0.3 mi |
Middle School Of Marketing And Legal Studies 905 Winthrop Street, Brooklyn, NY 11203 | 6-8 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 566 Schenectady Ave
Date
Details
Price
Change
Source
10/20/2025
Listed
$1,299,999
—
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 566 Schenectady Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,979
6%
$194,940
4%
2024
$19,828
-8%
$187,200
-12%
2023
$21,649
2%
$213,300
7%
2022
$21,271
-43%
$199,800
14%
2021
$37,440
99%
$175,050
-23%
2020
$18,778
22%
$228,150
11%
2019
$15,383
61%
$205,650
1%
2017
$9,579
—
$202,950
8%
2017
$9,579
32%
$187,200
417%
2016
$7,233
-4%
$36,180
-6%
2015
$7,536
5%
$38,542
3%
2015
$7,182
138%
$37,489
126%
2013
$3,020
—
$16,588
—
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 566 Schenectady Ave
566 Schenectady Avenue, Brooklyn, NY 11203 (MLS# 925844) is a Commercial property. 566 Schenectady Avenue is currently listed for $1,299,999 and was received on October 20, 2025. Want to learn more about 566 Schenectady Avenue? 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.

