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5501 4th Ave, Brooklyn, NYC

Home › Listings › Brooklyn › 5501 4th Ave

$4,990,000
Active 1 days on market
MLS# 505387

5501 4th Ave

📍 Brooklyn, Brooklyn, NY 11220

Other
Type

About this property

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
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Amenities & features

EXISTING GARAGEARCHITECTURAL PLANS2-STORY ADDITION4 RESIDENTIAL UNITSCOMMERCIAL SPACEFRONT GARAGE

Key facts

Existing garage
4 residential units
Architectural plans

Property details

Property typeOther
Listing statusActive
Lot size5,216 sqft
Days on market1 days
MLS #505387

Estimated monthly payment

Listing price$4,990,000
Down payment (20%)$998,000
Loan amount$3,992,000
Principal & interest (7%, 30yr)$26,558/mo
Property tax (est.)$4,852/mo
Home insurance (est.)$2,079/mo
Estimated total$33,489/mo

Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.

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