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Investment Highlights

  • Rare Three-Street Triangular Development Site
  • Proposed 7-Story Mixed-Use Development Opportunity 22598 BSF
  • Adjacent to the Proposed Memorial Gore Public-Realm Initiative
  • R7D/C2-4 Mixed-Use Zoning Framework
  • Dedicated Residential Lobby & Separate Commercial Entrance
  • Documented MIH Framework & 485-x Planning

Executive Summary

Rare opportunity to acquire an advanced mixed-use development platform in East Williamsburg. Existing architectural, engineering, planning, and municipal filing documentation contemplates a seven-story mixed-use development featuring separate residential and commercial entrances, subject to purchaser verification and applicable governmental approvals. The property's distinctive three-street triangular configuration, highly visible corner presence, and location within one of Brooklyn's most active development corridors position it as a compelling opportunity for developers, family offices, and institutional investors seeking long-term value creation. Significant pre-development work has already been completed, reducing early-stage planning efforts while preserving flexibility for purchaser review and implementation.

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per AC
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual -
Annual Per AC -
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual -
Annual Per AC -
Net Operating Income
Annual $99,999
Annual Per AC $9.99

Property Facts

Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 2
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Apartment Units - Condo
  • Hold For Development
  • Planned Unit Development
Total Lot Size 0.07 AC
Zoning R7D/C2-4 - Assembled Tax Lots 1 & 59 within the adopted R7D/C2-4 mixed-use framework, supported by architectural plans, zoning analysis, DOB filings, and survey.

2 Lots Available

Lot 1

Lot Size 0.06 AC

Primary parcel of the assembled redevelopment site. To be conveyed with Lot 59 as one proposed R7D/C2-4 mixed-use development opportunity. Approx. 22,598 BSF program.

Lot 59

Lot Size 143 SF

Assembly parcel to be conveyed exclusively with Lot 1. Together, the parcels comprise one proposed R7D/C2-4 mixed-use redevelopment opportunity totaling approximately 22,598 BSF.

Description

Advanced Mixed-Use Development Platform | Pricing Upon Request 220 Conselyea Street, also known as 19 Maspeth Avenue, presents an opportunity to acquire an advanced mixed-use development platform occupying a rare freestanding triangular site with frontage along Conselyea Street, Maspeth Avenue, and Woodpoint Road. The offering consists of an assembled development site identified as Block 2893, Lots 1 and 59, providing exceptional visibility, construction staging flexibility, natural light, and architectural presence within one of Brooklyn’s most active redevelopment corridors. The current development program contemplates an approximately 22,598 BSF seven-story mixed-use building featuring 17 residential units, ground-floor commercial space, dedicated residential and commercial entrances, and an R7D/C2-4 mixed-use development framework. Existing architectural plans, zoning analysis, survey documentation, civil engineering, Department of Buildings filing history, renderings, and related pre-development materials provide a substantially advanced starting point for continued project evaluation and execution, subject to purchaser verification and applicable governmental approvals. Additional value drivers include a documented Mandatory Inclusionary Housing (MIH) framework, preliminary 485-x development planning, and adjacency to the publicly proposed Memorial Gore public-realm initiative, which contemplates enhanced pedestrian circulation, landscaped public space, and streetscape improvements intended to strengthen long-term retail visibility and neighborhood placemaking, subject to governmental review, funding, approvals, design modifications, scheduling, and implementation. Located within Williamsburg’s established redevelopment corridor, the property benefits from strong residential demand, an active retail environment, excellent transit connectivity via the L and G subway lines, and convenient access to Greenpoint, Bushwick, Long Island City, and Manhattan. The complete Institutional Offering Memorandum is available for download on Crexi and LoopNet. A comprehensive Institutional Due Diligence Repository, including architectural drawings, zoning analyses, municipal filings, survey documentation, renderings, and additional supporting materials, is available to qualified prospective purchasers following execution of a confidentiality agreement, where applicable and at Seller’s discretion. Serious developers, builders, family offices, institutional investors, and buyer representatives are encouraged to contact the listing agent to obtain additional due diligence materials and arrange a private site tour. The Institutional Offering Memorandum is available for download on LoopNet and Crexi. The offering consists of an assembled development site identified as Block 2893, Lots 1 and 59, marketed as 220 Conselyea Street, also known as 19 Maspeth Avenue. Additional architectural drawings, zoning analyses, municipal filings, survey documentation, renderings, and supporting due diligence materials are available to qualified prospective purchasers following execution of a confidentiality agreement, where applicable and at Seller’s discretion.

Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
02893-0001
Land Assessment
$252,900 (2026)
Improvements Assessment
$0 (2026)
Total Assessment
$252,900 (2026)
  • Listing ID: 41211572

  • Date on Market: 7/8/2026

  • Last Updated:

  • Address: 19 Maspeth Avenue, Brooklyn, NY 11211

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