3144 Atlantic AveBrooklyn, NY 11208

This exceptional redevelopment opportunity presents a 25,638 square foot lot in Brooklyn, NY, featuring a vacant 78,137 square foot, three-story commercial building. Located at 3144-3156 Atlantic Avenue (zip code 11208), this property boasts 462.5 feet of wraparound frontage, including 202 feet of corner frontage on Atlantic Avenue. The asking price is $18,000,000, translating to $230 per existing square foot or $88 per maximum floor area ratio (FAR). The property is zoned C4-4D/R8A (Mandatory Inclusionary Zone), offering a 7.2 FAR with a fresh bonus, resulting in a total of 204,594 buildable square feet. Permitted use groups include 1, 2, 5, 6, 8, 9, 10, and 12. Benefitting from a prime location, the property is one block from the J/Z train at Norwood Avenue, surrounded by national retailers, and within a 10-minute drive of Resorts World Casino and under 15 minutes from JFK Airport. Direct access to the Belt Parkway provides excellent transportation links. This is a rare chance to acquire a substantial property with significant redevelopment potential in a high-growth area of Brooklyn. The property's size, zoning, and location combine to create a compelling investment opportunity for developers seeking to capitalize on the vibrant Brooklyn real estate market.