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$2,399,000
Est. payment /mo
2,160 SqFt
UPDATED:
Key Details
Property Type Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,160 sqft
Price per Sqft $1,110
MLS Listing ID 495706
Year Built 1970
Annual Tax Amount $10,484
Property Sub-Type Mixed Use
Property Description
Prime Mill Basin Development Opportunity – 80x168 Lot on Ralph Avenue
2365–2373 Ralph Avenue (a.k.a. 1344 E 66th Street) presents a rare chance for builders and investors to unlock massive potential in one of Brooklyn's most dynamic corridors. Spanning an oversized 80x168 lot, the property currently features a solid two-family brick ranch (30x36, 2,000+ SF) already worth upwards of $1M on its own.
The real value lies in the zoning: R3-2, C1-2 with a .75 FAR and over 6,200 SF of unused buildable rights. With Ralph Avenue's high-traffic exposure, this site is tailor-made for a savvy developer to create a row of mixed-use buildings, blending retail and residential for steady income and long-term growth.
This is a rare Mill Basin assemblage that offers both existing income potential and transformative development upside. Whether you keep the two-family as-is, or build out a high-yield portfolio of mixed-use assets, the numbers here speak for themselves. Please consult with an architect.
An unparalleled opportunity for investors and builders looking to scale in Brooklyn
2365–2373 Ralph Avenue (a.k.a. 1344 E 66th Street) presents a rare chance for builders and investors to unlock massive potential in one of Brooklyn's most dynamic corridors. Spanning an oversized 80x168 lot, the property currently features a solid two-family brick ranch (30x36, 2,000+ SF) already worth upwards of $1M on its own.
The real value lies in the zoning: R3-2, C1-2 with a .75 FAR and over 6,200 SF of unused buildable rights. With Ralph Avenue's high-traffic exposure, this site is tailor-made for a savvy developer to create a row of mixed-use buildings, blending retail and residential for steady income and long-term growth.
This is a rare Mill Basin assemblage that offers both existing income potential and transformative development upside. Whether you keep the two-family as-is, or build out a high-yield portfolio of mixed-use assets, the numbers here speak for themselves. Please consult with an architect.
An unparalleled opportunity for investors and builders looking to scale in Brooklyn
Location
State NY
County Kings (brooklyn)
Area Old Mill Basin
Zoning R3-2
Rooms
Basement Cellar, Finished, Full, Separate Entrance
Interior
Interior Features Kitchen, Living Space Available
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Shingle
Building
Story 1
Foundation Slab Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Revived Residential
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716