$1,300,000
9 Bed • 3 Bath
846 Madison Street
Brooklyn, NY 11221
Listed with Century 21 Milestone Team Rlty
$1,299,000
Est. $7,134/moBrooklyn, NY 11220 · Brooklyn
Know your budget before you tour. Get pre-qualified
Rare Residential & Commercial Conversion Opportunity Near Brooklyn’s 8th Avenue Chinatown! Welcome to 816 56th Street, Brooklyn, a unique one-family home with excellent commercial conversion potential, ideally located just minutes from the vibrant 8th Avenue commercial corridor in the heart of Brooklyn’s Chinatown. The property features 4 bedrooms and 3 bathrooms, with two stories plus a basement, along with a private garage in the rear. One of the property’s strongest features is its R6/C1-3 zoning, offering tremendous flexibility and potential for commercial or mixed-use conversion, subject to applicable zoning regulations and approvals. Ideal for investors, developers, business owners, or end users looking to establish a retail, restaurant, office, service, or other permitted commercial use in one of Brooklyn’s busiest commercial neighborhoods. Excellent location near 8th Avenue shopping, restaurants, supermarkets, transportation (B70, B11, B9, B16 Buses and N, R, W, D Trains), and neighborhood amenities. Use it as a home, convert for business use, or explore its redevelopment potential — a rare opportunity in a prime Brooklyn location.
Listed with RE/MAX Edge · Kelly Wu · Source: OneKey MLS
Information provided by One Key MLS, and is deemed reliable but not guaranteed accurate. Data last updated: Sep 17, 2026, 5:09 PM ET. ©2026 One Key MLS.
Estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and Private Mortgage Insurance.
Estimated Monthly Payment
Representative rates
Representative rates only, indicative for comparison. Edit the interest rate for your own quote; your lender’s numbers vary with credit, points, and insurance.
Be the first to know when a Brooklyn home hits the market.
Market Insights
Current Listings
New in the last 30 days
218
Sep 2026
Average Price
Active listings
$1,286,329
Sep 2026
Average Days on Market
Active listings
176 days
Sep 2026
Computed from 1,572 active OneKey MLS listings in Brooklyn, NY.
$1,300,000
9 Bed • 3 Bath
846 Madison Street
Brooklyn, NY 11221
Listed with Century 21 Milestone Team Rlty
$1,359,999
8 Bed • 4 Bath
666 Osborn Street
Brooklyn, NY 11212
Listed with 5 Boro Realty Corp
$979,999
4 Bed • 2 Bath
212 Bradford Street
Brooklyn, NY 11207
Listed with EXP Realty