212-729-7140
1950 Fulton St, Brooklyn, NY for Sale
Commercial LAND - FOR SALE
1/1
44,501 SF

1950 Fulton St
Brooklyn, NY 11233
Bedford-Stuyvesant


HIGHLIGHTS

  • Prime Corner Development Opportunity
  • Efficient Layout & Prominent Frontage
  • Strong Residential Demand in Bedford-Stuyvesant
  • Efficient Zoning
  • Universal Affordability Preference (UAP)
  • Proximity to the C Subway Line and the B25 Bus Line

OVERVIEW

Avison Young, as the exclusive agent, is pleased to offer for sale 1950 Fulton Street (the “Site”) – a full block end with 645’ of wraparound frontage at the intersection of Fulton Street, Ralph Avenue, and Herkimer Street in Bedford-Stuyvesant, Brooklyn. The Site is currently improved by a 19,700 SF retail strip comprising four spaces with three tenants that have termination clauses in place. The Site is zoned R7D/C2-4, which permits a base FAR of 4.66 for residential/mixed-use, allowing up to ~207,370 ZFA, all of which may be free market, or 5.6x (249,200 ZFA) with a UAP housing bonus. Additionally, the Site sits in a Fresh Zone, which allows a developer to tap a ZFA bonus of up to 20,000 SF for grocery-specific tenants, resulting in a total project of ~269,200 ZFA. There may also be an opportunity to further increase the FAR through an MTA subway bonus.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

1.02 AC

LAND SF

44,500 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

01548-0001

ASK ABOUT THIS PROPERTY

Joseph MoranAvison YoungMore Info
212-729-7140

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Joseph MoranAvison YoungMore Info
212-729-7140

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.