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1986 Fulton St
Brooklyn, NY 11233
1986-88 Fulton Street/ 275 Howard Avenue · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- High vehicle count.
EXECUTIVE SUMMARY
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
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,913 SF
Year Built
1910
Price
$4,826,255 CAD
Price Per SF
$541.48 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.22
Lot Size
0.09 AC
Zoning
R7D - Medium density multi family residential district that falls under contextual zoning
Frontage
38’ on Fulton St
AMENITIES
- Bus Line
- Commuter Rail
- Metro/Subway
PROPERTY TAXES
| Parcel Number | 01549-0001 | Improvements Assessment | $749,398 CAD |
| Land Assessment | $45,687 CAD | Total Assessment | $795,085 CAD |
PROPERTY TAXES
Parcel Number
01549-0001
Land Assessment
$45,687 CAD
Improvements Assessment
$749,398 CAD
Total Assessment
$795,085 CAD
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