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2170 Mill Ave 1.06 Acres of Industrial Land Offered at $12,500,000 in Brooklyn, NY 11234
Investment Highlights
- Huge frontage
- Pre exisiting commercial use
- Massive footprint
Executive Summary
A rare opportunity to acquire a massive 100’ x 460’ corner footprint at the intersection of Mill Avenue and Avenue V. This property is uniquely situated on a quiet cul-de-sac (Avenue V), offering the perfect blend of institutional scale and neighborhood tranquility. Currently utilized as a high-visibility automotive facility, the site’s expansive 46,000 SF lot area provides a "blank canvas" for a flagship community facility, a luxury estate compound, or a specialized commercial operation.
Property Facts
| Price | $12,500,000 | Property Subtype | Industrial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.06 AC |
| Property Type | Land | ||
| Zoning | R3-1 | ||
| Price | $12,500,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 1.06 AC |
| Zoning | R3-1 |
1 Lot Available
Lot
| Price | $12,500,000 | Lot Size | 1.06 AC |
| Price Per AC | $11,792,452.83 |
| Price | $12,500,000 |
| Price Per AC | $11,792,452.83 |
| Lot Size | 1.06 AC |
Massive 100’ x 460’ corner footprint at the intersection of Mill Avenue and Avenue V with 560 wraparound frontage
Description
• Superior Corner Frontage: Boasting approximately 560 feet of combined street frontage, the property offers exceptional visibility and multiple points of ingress/egress. • The "Cul-de-Sac" Advantage: Avenue V serves as a low-traffic, high-privacy cul-de-sac. This makes the site ideal for uses where safety, quiet, and limited through-traffic are essential—such as a private school, a high-end daycare, or an exclusive medical boutique. • Institutional Density (FAR 1.0): Under NYC R3-1 Community Facility regulations, a developer can build up to 46,000 BSF for schools, medical centers, or houses of worship. This doubles the density permitted for residential use and offers a far more lucrative development path. • Pre-Existing Commercial Use: As a long-standing automotive sales lot, the property maintains a rare "pre-existing non-conforming" status. This is a high-value asset for automotive groups or fleet operators seeking a large-scale, paved, and fenced lot in an affluent Brooklyn enclave.
Property Taxes
| Parcel Numbers | Improvements Assessment | $316,350 | |
| Land Assessment | $1,552,950 | Total Assessment | $1,869,300 |
Property Taxes
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2170 Mill Ave
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