Prime Mixed-Use and Development Opportunity

2720 Atlantic Avenue, Brooklyn, NY 11207

2720 Atlantic Avenue presents a strong investment and redevelopment opportunity along one of East Brooklyn’s busiest commercial corridors. The property is a highly visible corner building located at Atlantic Avenue and Wyona Street, near Broadway Junction and several major subway lines.

• Current building: Approximately 5,188 square feet
• Lot size: Approximately 25 × 75.75 feet
• Lot area: Approximately 1,894 square feet
• Building configuration: Three-story corner mixed-use building
• Certificate of Occupancy: Two-family residence with one commercial store
• Additional space: Large basement
• Tax lot: Brooklyn Block 3690, Lot 8
• Current zoning: C4-4D with EC-5 designation

C4-4D is a flexible, higher-density commercial zoning district with an R8A residential equivalent. It can generally permit residential apartments, commercial space, community-facility space, or a mixed-use building containing stores on the lower level and apartments above.

The zoning is especially valuable because it may allow substantially more floor area than is currently built.

Based on the approximately 1,894-square-foot lot:

At 6.0 residential FAR:

• Estimated maximum zoning floor area: approximately 11,364 square feet
• Less the existing 5,188-square-foot building
• Approximate remaining development rights: 6,176 square feet

At 7.2 FAR, where qualifying affordable-housing or applicable inclusionary-housing regulations permit:

• Estimated maximum zoning floor area: approximately 13,637 square feet
• Less the existing 5,188-square-foot building
• Approximate remaining development rights: 8,449 square feet

These numbers are preliminary zoning calculations only. Basement space, deductions, mixed-use allocation, lot coverage, height, setbacks, affordability requirements and other zoning rules can change the final buildable area.

1. Substantial unused development rights may exist above the current building.
2. Mixed-use zoning may permit commercial space on the lower floors with additional residential apartments above.
3. Corner exposure provides excellent visibility from both Atlantic Avenue and Wyona Street.
4. Heavy vehicle traffic along Atlantic Avenue creates strong exposure for a retail store, office, showroom or service business.
5. The existing corner storefront should be easier to identify and market than an interior storefront with limited visibility.
6. The property is near Broadway Junction, one of Brooklyn’s major transportation hubs.
7. Multiple nearby subway connections, including the A, C, J and Z lines, support residential and commercial demand.
8. The existing building can potentially continue producing income while an owner studies renovation, enlargement or future redevelopment.
9. The large basement may provide valuable accessory, mechanical or storage space, subject to its legal use and Department of Buildings approval.
10. The property offers several possible strategies: retain the existing mixed-use building, renovate it, add floor area, combine it with neighboring property, or pursue complete redevelopment.

The Atlantic Avenue Mixed-Use Plan approved in 2025 primarily covers Atlantic Avenue between Vanderbilt Avenue and Nostrand Avenue. It does not directly cover 2720 Atlantic Avenue.

The opportunity at 2720 Atlantic Avenue comes principally from its existing C4-4D zoning, R8A residential equivalent, EC-5 designation, corner location and potential unused development rights—not from the Atlantic Avenue Mixed-Use Plan in Crown Heights and Bedford-Stuyvesant.

Exceptional Atlantic Avenue Development and Income-Producing Opportunity

2720 Atlantic Avenue is a highly visible three-story corner mixed-use building located at Atlantic Avenue and Wyona Street in Brooklyn. The property currently contains two residential units, a commercial storefront and a substantial basement.

Situated in a C4-4D zoning district with an R8A residential equivalent, the property may offer significant unused development rights and the potential for additional residential or mixed-use floor area. Its corner position, strong storefront visibility, heavy Atlantic Avenue traffic and convenient access to Broadway Junction make it attractive for investors, developers, retailers and long-term property owners.

A purchaser may have the opportunity to maintain the existing income-producing property, renovate or enlarge the building, add residential units where legally permitted, or explore a larger future redevelopment project.

All property dimensions, building areas, zoning information, FAR calculations, development-right estimates, permitted-use descriptions and potential unit counts are approximate and are provided solely for general marketing and informational purposes.

No representation or warranty is made regarding the accuracy, completeness or continued applicability of this information. Nothing presented constitutes legal, architectural, engineering, zoning, environmental, financial or investment advice.

Every prospective purchaser is solely responsible for performing independent due diligence before purchasing the property. Buyers must retain qualified professionals, including a New York City zoning attorney, registered architect, professional engineer, land-use consultant, surveyor and title professional, to independently confirm the zoning district, zoning lot area, Certificate of Occupancy, legal uses, existing building area, basement status, development rights, affordability obligations, height and setback requirements, environmental conditions, violations and feasibility of any proposed construction.

No proposed enlargement, conversion, additional apartment, commercial use or redevelopment should be assumed to be legal or approvable unless independently confirmed and approved by the appropriate New York City agencies.