Remarks

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

Details

MLS#: 840142
Price: $3,500,000

Style: Mixed Use
Sq Ft: 8960
Year Built: 1910

County: Kings (Brooklyn)
Tax Fee: 64821.64