Assignments

Bedford Stuyvesant Inclusionary Development Site

1546 Fulton St, Brooklyn, NY 11216

Asking
$
3130000

Property Details

Property Type
Residential Development Site
Price Summary
$
3130000
Buildable SF
17360
Building SF
17360
LOT SF
17360
Cap RATE
%
Zoning
R7D, C2-4, VIH

Highlights

  • 3,100 Sq. Ft. Lot Zoned R7D, C2-4, VIH. 17,360 BSF As-of-Right.
  • Allows for the construction of a 24 Unit Building w/ Retail.
  • Voluntary Inclusionary Housing Area – 30% of units required at 80% AMI. (Optional). Can be combined with 485x – 20% of units at 80% of AMI.
  • Just 0.1 miles from the Kingston-Throop Ave A & C train subway stop
  • Prime Bedford-Stuyvesant location, surrounded by new condos and retail

Property DEscription

1546 Fulton Street is a compelling investment opportunity in the heart of Bedford-Stuyvesant. This 3,100 Sq. Ft. development site offers the potential to create a significant mixed-use building. Lot dimensions are 31' x 100', situated on a mid-block lot. Zoned R7D, C2-4 (VIH) on a wide street, the property allows for a 17,360 Sq. Ft. mixed-use building. Located just 0.1 miles from the Kingston-Throop Ave A & C train subway stop, this property ensures quick and easy access to Manhattan, making it highly appealing for future residents. The area is surrounded by new condo buildings and prime retail, further enhancing its attractiveness and potential value. Bedford-Stuyvesant is a highly desirable submarket of Brooklyn, where condo sellouts are expected to exceed $1,100 per square foot, and rental pricing averages around $65 per square foot. This property represents a rare and valuable investment opportunity in a thriving area with limited available lots for development.

Map

Dean Abouelhassan
Senior Associate
(516) 532-5385
da@landairnyc.com
Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

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