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RIPCO Tapped to Sell Mill Basin Development Site

RIPCO Real Estate has been selected to handle the sale of 2657 E. 66th St. in Mill Basin, Brooklyn. The asking price is $7 million. 

Spanning 72,083 square feet, 2657 E. 66th, also known as The Mill, is a waterfront vacant piece of land. The property presents an opportunity to develop seven luxury single-family homes, six of which are waterfront.  

“The Mill offers developers the unique opportunity to build homes in a highly demanded location with the benefit of offering larger homes than typically seen in the area, creating an appeal for potential residents,” said Stephen R. Preuss, vice chairman at RIPCO. “We are confident that these homes will bring future homeowners a desirable location with some of NYC’s best recreational and retail offerings at their fingertips including the Rockaways and Kings Plaza.” 

Preuss and RIPCO’s Andreas Efthymiou are handling the sale. 


Inside The Story


About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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