Mixed Use - Mixed use brooklyn fulton street reduced price

Published on February 5, 2023
Modified on February 5, 2023
Published by jazz
Viewed by 17 people
3000000.00 $US

Description of item

Fulton Street is a 18' wide two-unit three story mixed-use building. The first floor has a restaurant, the second floor is a two-bedroom floor-through apartment. The third floor is also a two-bedroom floor-through apartment.

The property would be great for an investor because they can add value by renovating the free market apartments. The air rights can be used to build the store full, also to duplex the top floor.

The building would be great for a user, they can have a business on the first floor and live on the second floor and rent out the third floor. They can also combine the second and third floors to create a duplex four bedroom apartment.

The building is located on a block that has great commercial exposure, the A & C train is on the block along with the B25 bus. This allows quick access to downtown Brooklyn and Manhattan.

The area Fulton Street off Nostrand Avenue is a 24/7 business hub in Bedford Stuyvesant. All the national retail stores are their, McDonalds, Burger King, Chase Bank, TD Bank and Citi Bank, along with Applebee's.

Location: South side of Fulton Street Between Nostrand and New York Avenue
Lot Size: 18' x 10
Building Size
1st Floor:-18' x 65' = 1,170
2nd Floor:18' x 65' = 1,170
3rd Floor: 18' x 65' = 1,170
Stories: 3
Gross Square Feet: 3,510
Zoning:(FAR) C4-5D (3.4) R8A equivalent (6.02)
Buildable Sq. Ft: 10,836
Air Rights: 7,326
Assessment: $36,893 (21/22)
Real Estate Taxes: $7,364.96
An 18’ wide two unit three story mixed use building. The property has a store on the ground floor, which also occupies the basement. The second floor is a two-bedroom floor-through apartment. The third floor is also a
a two-bedroom floor-through apartment. The ground floor has 12’ ceilings and the upper floors each has 10’ ceilings. The units are individually metered for gas and electric. The meters, gas boiler and water heater are in the basement. The roof is rubber with silver coating and in good condition. The property gets great sunlight and is located in an area with lots of development.

The property is a prime investment opportunity, with a great location that has excellent commercial and residential exposure. Located on Fulton Street off Nostrand Avenue the property gets a lot of foot traffic from the east and west wide of the street. The A and C train and the B44 bus is on the corner, within 10 minutes the tenants can be in the city. Fulton Street is one of the busiest street in Brooklyn, with all the fast food restaurants, banks, clothing stores health food stores. An investor can add value by renovating the units, expanding the store to the lot line and duplexing the top floor.

The property is also a great user opportunity, a user can have a business on the ground floor and live in one of the units above and rent out the other apartment.
ASKING PRICE: $3,000,000


United States
New York
new york
Fulton Street