Multi-Family
Ralph Residence
38 Ralph Ave, Brooklyn, NY 11221
Listing Price: $2,250,000
Investment Overview
Marcus and Millichap is pleased to offer for sale on an exclusive basis 38-40 Ralph Avenue, Brooklyn, NY 11221, (Block & Lots: 1638-146,147). Zoned R6A, C2-4, the combined lots allow for 11,491 buildable square feet of residential and or mixed-use development. The lots dimensions are 39 feet by 100 feet. This is an opportunity for a developer to take advantage of the previously approved plans and re-submit them for approval. Vacancy rates are low and demand for housing is big.
Exclusively Listed By
Listing Price: $2,250,000
Investment Highlights
- Bedford-Stuyvesant development site with previously approved plans for 16 residential units.
- One block to the J and Z subway train station.
- High demand market for residential rentals and condos.
Investment Overview
Marcus and Millichap is pleased to offer for sale on an exclusive basis 38-40 Ralph Avenue, Brooklyn, NY 11221, (Block & Lots: 1638-146,147). Zoned R6A, C2-4, the combined lots allow for 11,491 buildable square feet of residential and or mixed-use development. The lots dimensions are 39 feet by 100 feet. This is an opportunity for a developer to take advantage of the previously approved plans and re-submit them for approval. Vacancy rates are low and demand for housing is big.
Exclusively Listed By
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