38 Ralph AveBrooklyn, NY 11221
- Land
Property Details for 38 Ralph Ave
- Property type
- Land
Description
This exceptional 3,900 square foot development site, located at 38-40 Ralph Avenue in Brooklyn, NY 11221 (Block 1638, Lots 146 & 147), presents a unique opportunity. Currently improved with a two-story, 2,000 square foot mixed-use building, the property boasts R6A and C2-4 zoning, allowing for up to 11,491 buildable square feet of residential or mixed-use development. Previously approved plans for a 16-unit residential building are available, streamlining the approval process for a savvy developer. The lot dimensions are approximately 39 feet by 100 feet. Situated in the highly desirable Bedford-Stuyvesant neighborhood, this location offers unparalleled convenience, just one block from the J and Z subway lines. The strong rental and condo market in this area ensures high occupancy rates and significant return on investment. This fee simple ownership offers a compelling chance to capitalize on the current high demand for housing in this thriving Brooklyn community. The asking price is $2,100,000.
Location Insight
- City
- Brooklyn
- County
- Kings
- State
- New York
- Latitude
- 40.689
- Longitude
- -73.9241
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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