Prime Mill Basin Development Opportunity
Land | 11,170 SqFt
Marketing 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
Investment highlights
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
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