766 55Th StBrooklyn, NY 11220

Property Details for 766 55Th St

Year built

1945

Lot size

0.05 AC

Property size (Sq ft)

3,736 SF

Zone code

R6B

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

00834-0033

APU

8340033

Description

This exceptional 1,140 square foot office space is located at 766 55th Street in the vibrant Sunset Park neighborhood of Brooklyn, New York. Built in 1945, this two-story building offers a single-tenant occupancy in a 2,003 square foot lot. The property is situated on the second floor and features six well-appointed rooms and two bathrooms, providing ample space for a variety of professional uses. Previously used as a tutoring center, this versatile space is ideal for medical offices, therapy centers, dental practices, or community organizations. The property's convenient location offers easy access to public transportation, with the D and N subway lines readily accessible at the nearby 59th Street station. Numerous bus routes, including the B1, B61, and B63, also serve the area. The surrounding neighborhood boasts a wealth of amenities, including diverse dining options, grocery stores, parks, and pharmacies, providing a convenient and attractive environment for both employees and clients. This is a fantastic opportunity to secure a well-maintained office space in a thriving Brooklyn community. The property is located in Kings County (Brooklyn), New York, with a zip code of 11220.

• CAP approach

  CAP return

  Valuation

  6%

  $617,672

  6.5%

  $570,159

  7%

  $529,434

• Comparable approach

  Method

  Valuation

  Relative Method

  $488,146

  Geo Method

  $488,146

• Alternative Use

  Use

  Valuation

  Residential

  $706,997

  Hospitality

  $647,606

  Educational

  $538,800

  Medical

  $557,331

  Retail

  $838,134

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6385

Longitude

-74.0073

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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