268 55TH Street, New York City, NY 11220
Listing Courtesy of Corcoran Group
$3,500,000
Potential Rebate: $52,500
Overview
Discover a rare investment opportunity with this huge acre parcel of land, ideally situated in the heart of Sunset Park (Industrial City).This property is primed for new development, offering a blank canvas for residential, commercial, or mixed-use projects.
Home Features
- •Assigned
- •Garage
- •Private Outdoor Space Over 60 Sqft
- •Smoke Free
Building Amenities
- •Assigned
- •Garage
Estimated Monthly Payment
$17,533 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$52,500
Monthly savings impact
$146/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20051722
Price Analysis
Compare average listing prices and value metrics for 268 55TH Street against the surrounding Sunset Park market.
Average List Price
Price Per SqFt
204.20% Higher
than the Sunset Park price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Sunset Park.
Sunset Park
Overview of Sunset Park
Sunset Park is famous for two things: its stunning views of the harbor and its incredible food diversity. A working-class, industrial-residential hybrid, it is home to Brooklyn's Chinatown and a vibrant Latino community. For buyers seeking Sunset Park Brooklyn real estate, it offers pre-war value and an authentic neighborhood feel.
Living in Sunset Park is delicious. From dim sum halls to tacos, the culinary scene is legendary. As a rising Brooklyn NYC neighborhood, it is gaining attention for its Industry City complex.
Real Estate & Housing Market
The market for homes for sale in Sunset Park is primarily co-ops and rowhouses. The "Finnish Co-ops" are famous—historic, affordable apartments built by Finnish immigrants with charming courtyards.
Prices are rising due to the growth of Industry City, but it remains more affordable than Park Slope or Boerum Hill.
Lifestyle & Community
The lifestyle in Sunset Park is family-oriented and busy. 8th Avenue is Chinatown, bustling with markets. 5th Avenue is the heart of the Latino community.
The community is hardworking and diverse. Industry City has added a layer of creative professionals and tech workers to the mix.
Transportation & Accessibility
Sunset Park is served by the D, N, and R trains. The express D/N take you to Manhattan quickly (3 stops).
The NYC Ferry at the Brooklyn Army Terminal offers a scenic commute to Wall Street.
Parks, Schools & Amenities
Sunset Park (the park itself) is the jewel. It sits on a high hill offering one of the best sunsets in New York, with views of the Statue of Liberty and Manhattan skyline. It also has an Olympic-sized swimming pool.
Amenities: Industry City offers food halls, design shops, and Japanese markets (Sahadi's has a second location here).
Who This Neighborhood Is Best For
Sunset Park is best for foodies, value-seekers, and anyone who wants to be near the creative hub of Industry City.
