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.