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2210 Newkirk Ave - Dev Site-QOZ w/ Preliminary Plans 0.32 Acres of Residential Land Offered at $3,991,937 CAD in Brooklyn, NY 11226
Investment Highlights
- Located in high-demand Ditmas Park neighborhood of Brooklyn.
- Suitable for multistory condo development with strong ROI potential.
- Offers over 14,000 sq ft of buildable space with additional FAR potential.
- Surrounded by residential and commercial amenities, enhancing long-term value.
Executive Summary
Projected Numbers:
$2.9 mil for property
$300 per sq ft × 14,170 sq ft = 4.5 mil
Soft costs $.5 mil
Financing fees $.5 mil
Miscellaneous. $.5 il
Total cost= 8.9 mil
13,500 livable sq ft × $1,000 per sq ft = 13.5 mil.
13.5- 8.9 = 4.6 mil.
50% profit
The existing structure is a two-family home built in 1899, measuring 24 by 29 feet and providing around 3,500 square feet of current space. There’s a tremendous amount of unused FAR and additional square feet of unused floor area, creating the potential to build a five-story structure with multiple units per floor. Based on zoning and preliminary plans, the site could accommodate up to 16 residential units.
Located in a lively neighborhood, the property is close to the Brooklyn Botanic Garden and Prospect Park, giving future residents easy access to green space, a 60-acre lake, and a variety of recreational options. With nearby amenities and the charm of Ditmas Park’s tree-lined streets, this location offers a strong foundation for new development in a thriving community.
Bring your architect—this is a development opportunity worth exploring.
• Maximum Buildable Floor Area: over 14,000sq ft
• Height: 5 Floors
• Units: 16 Residential Units
• Zoning: R5/6
• Lot Dimensions: 50x155
Preliminary plans and drawings available upon request, includes provisions of parking and outdoor spaces.
Get in touch asap, present an offer or proposal.
For any additional details and to discuss this opportunity further, please contact us directly.
Property Facts
1 Lot Available
Lot
| Price | $3,991,937 CAD | Lot Size | 0.32 AC |
| Price Per AC | $12,420,618.64 CAD |
| Price | $3,991,937 CAD |
| Price Per AC | $12,420,618.64 CAD |
| Lot Size | 0.32 AC |
Development opportunity in Ditmas Park. Over 14,000 sq ft buildable with additional FAR. Ideal for a multistory condo project.
Description
2210 Newkirk Avenue presents a prime development opportunity in the sought-after Ditmas Park neighborhood of Brooklyn. This property offers over 14,000 square feet of buildable area with additional FAR available, making it ideal for a multistory condo project targeting strong market demand and high ROI potential. The site’s desirable location provides excellent connectivity to key neighborhoods, retail corridors, and cultural attractions. Within minutes, residents can access Prospect Park, Brooklyn College, and multiple transit options, including subways and major thoroughfares, ensuring convenient commuting throughout Brooklyn and Manhattan. Current zoning analysis and architectural drawings are available, positioning this property as a ready-to-develop investment for builders or investors seeking a high-performing residential asset in one of Brooklyn’s most vibrant neighborhoods. Bring your architect—this is a development opportunity worth exploring. • Maximum Buildable Floor Area: over 14,000sq ft • Height: 5 Floors • Units: 16 Residential Units • Zoning: R5/6 • Lot Dimensions: 50x155 Preliminary plans and drawings available upon request, includes provisions of parking and outdoor spaces. Get in touch asap, present an offer or proposal. For any additional details and to discuss this opportunity further, please contact us directly.
Property Taxes
| Parcel Number | 05222-0064 | Improvements Assessment | $121,740 CAD |
| Land Assessment | $60,457 CAD | Total Assessment | $182,198 CAD |
Property Taxes
Presented by
raheelNYC
2210 Newkirk Ave - Dev Site-QOZ w/ Preliminary Plans
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