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1986 Fulton Street Unit 12 Brooklyn, NY 11233
$3,250,000
  • Commercial
  • Year Built 1910
  • Mixed Use
  • ML# 840142

Property Details

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

Key Facts

  • Lot Size: 0.0918
  • Lot Sq Ft: 4000
  • Taxes: $64,822
  • Sale or Rent: Sale
  • Zoning: R7C

Additional Features

  • Construction Materials: Brick
  • Stories: 3

Interior & Utilities

  • Heat: Natural Gas
  • A/C: None
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $64,822
Listing Information provided courtesy of Coldwell Banker American Homes  718-206-1340
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS