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427 Fulton St
Brooklyn, NY 11201
Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- Exceptional development optionality for rental, condominium, or mixed-use programs.
- Location within a Qualified Opportunity Zone creates notable tax advantage potential.
- Situated in a vibrant retail corridor supported by robust market fundamentals.
- Zoning allows for up to 141,780 ZFA and includes attractive City of Yes incentives.
- Immediate access to 10 subway lines across four major stations within one minute.
- No minimum density requirement and no parking required under Inner Transit Zone.
Résumé de l'annonce
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.
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.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Boutique
Taille du bâtiment
32 760 pi²
Classe d’immeuble
B
Année de construction
1970
Location
Unique
Hauteur du bâtiment
3 étages
Coefficient d’occupation des sols de l’immeuble
2,77
Taille du lot
0,27 AC
Zone de développement économique
Oui
Zonage
C6-4.5/R10 (DB) - Les districts C6 permettent un large éventail d'utilisations commerciales à forte teneur en vrac nécessitant un emplacement central
Façade
75’ sur Fulton St
Impôts fonciers
| Numéro de lot | 00150-0006 | Évaluation des bâtiments | 5 903 340 $ CAD |
| Évaluation du terrain | 1 393 571 $ CAD | Évaluation totale | 7 296 911 $ CAD |
Impôts fonciers
Numéro de lot
00150-0006
Évaluation du terrain
1 393 571 $ CAD
Évaluation des bâtiments
5 903 340 $ CAD
Évaluation totale
7 296 911 $ CAD
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