212-376-5450
427 Fulton St, Brooklyn, NY for Sale
Storefront - FOR SALE
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427 Fulton St
Brooklyn, NY 11201
Downtown Brooklyn


HIGHLIGHTS

  • Exceptional development optionality for rental, condominium, or mixed-use programs.
  • Zoning allows for up to 141,780 ZFA and includes attractive City of Yes incentives.
  • Location within a Qualified Opportunity Zone creates notable tax advantage potential.
  • Immediate access to 10 subway lines across four major stations within one minute.
  • Situated in a vibrant retail corridor supported by robust market fundamentals.
  • No minimum density requirement and no parking required under Inner Transit Zone.

OVERVIEW

427 Fulton Street represents a premier residential development opportunity in the core of Downtown Brooklyn. This exceptionally located site offers a 11,815 square foot lot with dual frontage along Fulton and Willoughby Streets, enabling design flexibility and multiple entry points. Developers can capitalize on 118,150 SF (Standard) or 141,780 SF (UAP) of buildable area, providing substantial scale for both rental and condominium programs. The property benefits from inclusion in both the Qualified Opportunity Zone and Inner Transit Zone, offering significant tax incentives and cost efficiencies. Additional zoning benefits include 485-X Tax Abatement eligibility, no minimum density factor, and no parking requirement, enhancing project feasibility and profitability. The location offers unmatched connectivity, with immediate access to 10 subway lines within a one-minute walk, and seamless travel to Manhattan in under 15 minutes. Surrounded by a thriving retail corridor that includes Apple, Target, Trader Joe’s, and Whole Foods, along with a well-educated and growing residential base, 427 Fulton stands out as a rare opportunity to deliver a large-scale residential project in one of Brooklyn’s most dynamic markets.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,815 SF

ZONING

C6-4.5/R10 (DB)

APN/PARCEL ID

00150-0006

ASK ABOUT THIS PROPERTY

212-376-5450

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212-376-5450

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