1986 Fulton St - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11233- Bedford-Stuyvesant
$3,500,000 USD
917-364-5645
1986 Fulton St, Brooklyn, NY for Sale
$3,500,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | Request Cap Rate

1986 Fulton St
Brooklyn, NY 11233
Bedford-Stuyvesant


HIGHLIGHTS

  • High vehicle count.

OVERVIEW

Prime development site located at the intersection of Howard Avenue and Fulton Street in Bedford-Stuyvesant, Brooklyn. This strategically positioned corner property offers immense potential for growth and development in a rapidly evolving community. The subject property encompasses a lot size of 40 x 100 feet and is zoned R7D, C2-4, allowing for a diverse range of development options. The existing structure comprises a walk-up apartment building featuring six families with commercial spaces, along with additional mixed-use buildings that enhance the property's versatility. The property currently hosts three commercial units, with the building dimensions measuring 20 feet by 48 feet, all situated within a lot that contains four distinct buildings including a 3bedroom 2 bath single family home. The location boasts an exceptional R7D Zoning with a commercial overlay of C2-4 which will allow for nearly 17,000 buildable square feet & whether condo or rental units, this opportunity will grant the developer a win! This site represents a unique opportunity for developers looking to capitalize on the growing demand for both residential and commercial spaces in Bedford-Stuyvesant. The area is experiencing substantial growth, making it an ideal location for innovative development projects. Potential uses could include: - Expanding residential units to accommodate the increasing population. - Enhancing commercial offerings to serve the local community. - Exploring mixed-use developments that combine retail and residential living. 1986-88 Fulton Street is more than just a property; it's a gateway to future growth in a vibrant neighborhood. This is a compelling opportunity for investors and developers to make a significant impact in an area poised for continued transformation. Don't miss your chance to be part of Bedford-Stuyvesant's exciting future! The reshaping of the Bedford Stuyvesant Skyline continues with multiple projects popping up throughout, and while larger lots are scarce, a corner site is nearly impossible to find.. until now! & with the option of a community facility component, this site is one not to be passed up! WILL BE DELIVERED VACANT

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$393 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1986-88 Fulton Street/ 275 Howard Avenue

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,008 SF

ZONING

R7D

APN/PARCEL ID

01549-0001

ASK ABOUT THIS PROPERTY

Randy SaaColdwell Banker American HomesMore Info
917-364-5645

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Randy SaaColdwell Banker American HomesMore Info
917-364-5645

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