Prime Mill Basin Development Opportunity – 80×168 Lot on Ralph Avenue
2365–2373 Ralph Avenue (a.k.a. 1344 E 66th Street) presents a rare chance for builders and investors to unlock massive potential in one of Brooklyn’s most dynamic corridors. Spanning an oversized 80×168 lot, the property currently features a solid two-family brick ranch (30×36, 2,000+ SF) already worth upwards of $1M on its own.
The real value lies in the zoning: R3-2, C1-2 with a .75 FAR and over 6,200 SF of unused buildable rights. With Ralph Avenue’s high-traffic exposure, this site is tailor-made for a savvy developer to create a row of mixed-use buildings, blending retail and residential for steady income and long-term growth.
This is a rare Mill Basin assemblage that offers both existing income potential and transformative development upside. Whether you keep the two-family as-is, or build out a high-yield portfolio of mixed-use assets, the numbers here speak for themselves. Please consult with an architect.
An unparalleled opportunity for investors and builders looking to scale in Brooklyn
2365–2373 Ralph Avenue (a.k.a. 1344 E 66th Street) presents a rare chance for builders and investors to unlock massive potential in one of Brooklyn’s most dynamic corridors. Spanning an oversized 80×168 lot, the property currently features a solid two-family brick ranch (30×36, 2,000+ SF) already worth upwards of $1M on its own.
The real value lies in the zoning: R3-2, C1-2 with a .75 FAR and over 6,200 SF of unused buildable rights. With Ralph Avenue’s high-traffic exposure, this site is tailor-made for a savvy developer to create a row of mixed-use buildings, blending retail and residential for steady income and long-term growth.
This is a rare Mill Basin assemblage that offers both existing income potential and transformative development upside. Whether you keep the two-family as-is, or build out a high-yield portfolio of mixed-use assets, the numbers here speak for themselves. Please consult with an architect.
An unparalleled opportunity for investors and builders looking to scale in Brooklyn
Property Details
Price:
$2,599,000
MLS #:
495706
Status:
Active
Baths:
0
Type:
Single Family
Subtype:
Mixed Use
Borough:
Brooklyn
Neighborhood:
oldmillbasin
Listed Date:
Sep 12, 2025
Finished Sq Ft:
2,160
Year Built:
1970
See this Listing
Schools
Interior
Exterior
Financial
Map
Community
- Address1344 64th Street Brooklyn NY
- NeighborhoodOld Mill Basin
- CityBrooklyn
- CountyKings (Brooklyn)
- Zip Code11234
Market Summary
Current real estate data for Single Family in Brooklyn as of Jan 16, 2026
496
Single Family Listed
104
Avg DOM
1,290
Avg $ / SqFt
$1,916,147
Avg List Price
Property Summary
- 1344 64th Street Brooklyn NY is a Single Family for sale in Brooklyn, NY, 11234. It is listed for $2,599,000 and features 0 beds, 0 baths, and has approximately 2,160 square feet of living space, and was originally constructed in 1970. The current price per square foot is $1,203. The average price per square foot for Single Family listings in Brooklyn is $1,290. The average listing price for Single Family in Brooklyn is $1,916,147.
Similar Listings Nearby
1344 64th Street
Brooklyn, NY