2210 Newkirk Ave, Brooklyn, NY, 11226

About This Home

Marketing at Less than $200 per buildable square footage for higher profit margins for developers. $2.9 mil for property $300 per sq ft × 14,170 sq ft = 4.5 mil Soft costs $.5 mil Financing fees $.5 mil Miscellaneous. $.5 il Total cost= 8.9 mil 13,500 livable sq ft × $1,000 per sq ft = 13.5 mil. 13.5- 8.9 = 4.6 mil. 50% profit This is a fantastic development opportunity in the heart of historic Ditmas Park, Brooklyn. Situated near East 22nd Street, this fully detached property sits on a spacious 7,250-square-foot lot measuring over 50 ft frontage and 154 lot depth with a ground elevation. Zoned R5/6 the site is well-suited for significant residential development, offering a maximum buildable area of over 14,000 square feet. The existing structure is a two-family home built in 1899, measuring 24 by 29 feet and providing around 3,500 square feet of current space. There’s a tremendous amount of unused FAR and additional square feet of unused floor area, creating the potential to build a five-story structure with multiple units per floor. Based on zoning and preliminary plans, the site could accommodate up to 16 residential units. Located in a lively neighborhood, the property is close to the Brooklyn Botanic Garden and Prospect Park, giving future residents easy access to green space, a 60-acre lake, and a variety of recreational options. With nearby amenities and the charm of Ditmas Park’s tree-lined streets, this location offers a strong foundation for new development in a thriving community. Bring your architect—this is a development opportunity worth exploring. • Maximum Buildable Floor Area: over 14,000sq ft • Height: 5 Floors • Units: 16 Residential Units • Zoning: R5/6 • Lot Dimensions: 50x155 Preliminary plans and drawings available upon request, includes provisions of parking and outdoor spaces. Get in touch asap, present an offer or proposal.