5501 4th Ave, Brooklyn, NY, 11220
About This Home
Exceptional development opportunity in the heart of Sunset Park! Zoned R7A with approved plans for a mixed-use building consisting of 4 residential units and 1 commercial store. Ideal for developers, investors, or users seeking strong income potential in a high-demand location. Situated on a busy avenue with excellent visibility and foot traffic, close to shopping, restaurants, schools, and public transportation, including the N and R subway lines. A rare opportunity to build a valuable mixed-use property in one of Brooklyn's most vibrant neighborhoods. Buyers should verify all information and development possibilities with their architect and attorney.
Getting Around
Walker's Paradise
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1899
Type & Style
- Home type: SingleFamily
- Property subType: Mixed Use
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Interior Area
- Total structure area: 6,300
- Total interior livable area: 6,300 sqft
Property
Details
- Special condition: Resale
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $13,147 | $157,764 |
| Home Insurance * | $620 | $7,440 |
| Property Taxes | $1,213 | $14,556 |
| Electricity | $1,041 | $12,493 |
| Total | $16,021 | $192,252 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-03 | Listed for sale | $2,600,000 |
| 2023-06-19 | Listing removed | -- |
| 2023-06-16 | Pending sale | $2,650,000 |
| 2023-04-05 | Price change | $2,650,000 |
| 2023-01-03 | Price change | $2,980,000 |
| 2022-10-12 | Price change | $3,100,000 |
| 2022-09-09 | Price change | $3,300,000 |
| 2022-08-07 | Price change | $3,500,000 |
| 2022-07-13 | Listed for sale | $3,700,000 |
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