For Sale
$16,500,000

2390 Mcdonald Ave Brooklyn, NY 11223

Prime Gravesend location, redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 19,900 square foot lot at 2390 McDonald Avenue in Brooklyn, New York (zip code 11223), presents a compelling redevelopment opportunity. Recently rezoned to C4-4L, this property offers significant potential. The site boasts a total buildable square footage of approximately 91,500 square feet, allowing for a substantial development. The zoning permits a mixed-use project, with an estimated 17,600 square feet allocated for commercial space and 73,900 square feet for residential use. The existing structure, built in 1931, offers a unique opportunity to create a modern development. The lot dimensions are approximately 100' x 210'. The property features a 16-foot ceiling height and is priced at $16,500,000, or $180 per buildable square foot. With air rights of 91,500 square feet, and the potential for an eight-story building, this site presents a rare chance to capitalize on the thriving Gravesend market. This is a value-add investment opportunity ideal for developers seeking a prime location in a rapidly growing area. The property is located in Kings County.

Highlights

  • 19,900 SF lot at 2390 McDonald Avenue, Brooklyn, NY 11223.
  • Recently rezoned C4-4L, offering 91,500 buildable SF.
  • Mixed-use potential: ~17,600 SF commercial, ~73,900 SF residential.
  • 100' x 210' lot, 16' ceiling height.
  • $16,500,000 asking price ($180/buildable SF).

Property Details for 2390 Mcdonald Ave

Property type
Land, Industrial properties
Square Feet
91,500 SF
Year Built
1931

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.593927142652
Longitude
-73.973661305908

FAQs

What type of property is this?
Land - Prime Gravesend location, redevelopment opportunity.
Where is the land located?
The property is located at 2390 Mcdonald Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: 19,900 SF lot at 2390 McDonald Avenue, Brooklyn, NY 11223.; Recently rezoned C4-4L, offering 91,500 buildable SF.; Mixed-use potential: ~17,600 SF commercial, ~73,900 SF residential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2390 Mcdonald Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message