2378-2390 McDonald Ave - Warehouse FOR SALE


Brooklyn, NY 11223- Gravesend
$12,000,000 USD
631-487-9365
2378-2390 McDonald Ave, Brooklyn, NY for Sale
$12,000,000 USD
Warehouse - FOR SALE
1/19
null | Request Cap Rate

2378-2390 McDonald Ave
Brooklyn, NY 11223
Gravesend


HIGHLIGHTS

  • ±20,252 SF lot with C4-4L (R7A equivalent) zoning, offering ~101,463 buildable square feet, and features nearly 100 feet of frontage on McDonald Ave.
  • Large-scale residential site with ULURP-approved zoning and MIH Options 1 and 2, situated in a predominantly lower-density, non-residential area.
  • Excellent public transportation access, including a one-seat subway ride on the F train from Avenue U to Manhattan in approximately 35 minutes.

OVERVIEW

RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 2390 McDonald Avenue— Gravesend, Brooklyn (the ‘Property’). The Property comprises a ±20,252-square-foot lot improved by a 15,612-square-foot, one-story office building, featuring exceptional street presence along McDonald Avenue and an extra-deep lot configuration. The site benefits from C4-4L zoning with an R7A residential equivalent, providing substantial residential development capacity and flexibility for a range of development programs. Through a completed ULURP rezoning, the Property is uniquely positioned to accommodate high-density residential development projects. This rezoning allows for compliance with Mandatory Inclusionary Housing requirements, distinguishing it from neighboring properties that are still restricted to lower-density or non-residential zoning classifications. The zoning framework allows for the integration of residential uses above active, neighborhood-oriented ground-floor space, supporting efficient building layouts. For additional information, please contact the Exclusive Brokers directly.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$781 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100K+ BSF Development Opportunity

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.46

LAND SF

20,252

ZONING

C4-4L (R7A)

APN/PARCEL ID

07146-0050

ASK ABOUT THIS PROPERTY

Kevin SchmitzRipco Real EstateMore Info
631-487-9365

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Kevin SchmitzRipco Real EstateMore Info
631-487-9365

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.