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Investment Highlights

  • Development Project, Condo Build, high ROI, Profit Margin, less than $200 PSF of buildable Sq. Ft.

Executive Summary

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.
For any additional details and to discuss this opportunity further, please contact us directly.

Property Facts

Price $2,900,000
Price Per Unit $181,250
Sale Type Investment or Owner User
Sale Conditions
High Vacancy Property
  • Redevelopment Project
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.17 AC
Construction Status Proposed
Building Size 14,000 SF
No. Stories 5
Zoning R5B/R6 - Zoning allows for multi story project
Exceptionally walkable
100/100
Challenging for drivers
10/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
05222-0064
Land Assessment
$43,920
Improvements Assessment
$88,440
Total Assessment
$132,360
  • Listing ID: 39076977

  • Date on Market: 1/14/2026

  • Last Updated:

  • Address: 2210 Newkirk Ave, Brooklyn, NY 11226

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