5501 4th Avenue, Brooklyn, New York 11220

Property Description

Outstanding opportunity to acquire two adjoining properties in the heart of Sunset Park, Brooklyn, along the highly desirable 4th Avenue corridor. Offering approximately 5,216 SF of combined land: a distinctive corner mixed-use building plus an adjoining development property with an existing garage and former church space — tremendous flexibility for investors, builders, and developers. 404 55th Street: a distinctive three-story brick corner building on approximately 2,450 SF of land, with excellent street exposure and strong mixed-use investment potential. Includes architectural plans dated May 2026 for a 2-story addition (vertical and horizontal enlargement) with 4 residential units plus commercial space. 412 55th Street: approximately 2,766 SF of irregular land with an existing front garage and former church space at the rear. Preliminary plans feature 18 residential condo units, 1 retail space, and 1 community facility — with exciting potential for an all-residential condo development with ground-floor private parking, or a mixed-use condo with commercial space and parking. Both properties are zoned R7A/C2-4 (residential FAR 4.0). A preliminary combined concept explored up to 27 residential condo units. Potential strategies: residential condos, multifamily rentals, mixed-use condos with parking, retail, professional/medical offices, community facilities, and other permitted uses. Near subway, shopping, restaurants, and neighborhood amenities. Package Deal Available! Buy together or individually. Contact the listing agent for architectural drawings, property information, and details..