Prime Mill Basin Development Opportunity â?? 80x168 Lot on Ralph Avenue 2365â??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 Brooklynâ??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 Avenueâ??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
Details:
Families:
2
Property Type:
Mixed Use
Built:
1970
Financials:
Price:
$2,599,000
Revived Residential Joseph C. Forzano Office: (929)379-3750
provided by Brooklyn NY MLS
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