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Image 1 - 848 56th Street, New York, NY 11220, USA - House for sale
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Home For Sale In Brooklyn, New York
848 56th Street, New York, NY 11220, USA

Home For Sale In Brooklyn, New York

house for sale
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Listed: 02/25/24

848 56th Street, New York, NY 11220, USA

Studio Bed:
4 Bath:
2,160 Sq Ft Living Area:
Save
Price
$ 2,65M

About This House

Remark: Prime Investment Opportunity in Sunset Park, Brooklyn. Nestled in the heart of Sunset Park on 8th Ave, this proposed 6-story development presents a golden opportunity for investors and builders. Key highlights include: Building Specs: Offers a lot size of 27x100 ft and a building size of 20x60 ft, with private driveway and garage. Development Potential: Approved plans for 6 story building and two commercial spaces of2, 226sq ft each. Zoned R6B, allowing construction up to 6 stories. Total Buildable Area: 7, 531sq ft, with legal approvals for front and side extensions to maximize usable space. Ideal for those looking to develop a project that blends commercial viability with residential appeal. Contact the listing agent today for more details.

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Borough Park Housing & Living

Household Income

Median household income: $63,799
Number of households: 3,2M
The average household income in New York, NY grew from $60,879 to $63,799 in the past year. This data is an estimate based upon 3,2M households in New York, NY.
The chart below presents how household income is distributed in New York, NY in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New York, NY compared to median property taxes around the country. The prevalent amount of property taxes in New York, NY equals $3k+ , which is more than the national average.