2390 Mcdonald AveBrooklyn, NY 11223

Property Details for 2390 Mcdonald Ave

Year built

1931

Property size (Sq ft)

91,500 SF

Property type

Other commercial real estate

Property subtype

Other land

Description

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.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.5939

Longitude

-73.9737

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