Remarks

Prime Development Opportunity in Bedford-Stuyvesant, Brooklyn

Location:
- Intersection of Howard Avenue and Fulton Street
- Strategically positioned corner property with immense growth and development potential

Zoning:
- Exceptional R7D zoning with C2-4 commercial overlay
- Allows for nearly 17,000 buildable square feet ****

Building Dimensions:
- 20 feet by 48 feet
- Lot size: 40 x 100 feet
- Existing structure: Walk-up apartment building with 5 families and commercial spaces

Property Features:
- Distinct Buildings on Lot:
1. 275 Howard Avenue
- 3-bedroom, 2-bath single-family home
- Wood floors, 1 kitchen, no basement

2. 271-273 Howard Avenue
- Commercial space currently used by a shipping company

3. 1986 Fulton Street
- 3 story building with commercial storefront with full basement

4. 1988 Fulton Street
- 3-story walk-up building
- Lower level: Commercial space
- Upper floors: 2 floors of SRO with 10 rooms, 2 kitchens, 2 full bathrooms, and 2 half bathrooms on each floor

Current Commercial Units:
- Three commercial units

Potential Development Opportunities:
- Condo or rental units, capitalizing on growing demand
- Expanding residential units for an increasing population
- Enhancing commercial offerings for the local community
- Exploring mixed-use developments combining retail and residential living

Market Potential:**
- Unique chance for developers to capitalize on the growing demand for residential and commercial spaces in Bedford-Stuyvesant
- Area experiencing substantial growth, ideal for innovative development projects
- 1986-88 Fulton Street and Howard Avenue serve as a gateway to future growth in a vibrant neighborhood

Investment Appeal:
- Compelling opportunity for investors and developers to impact an area poised for transformation
- Corner site is rare, making this opportunity particularly valuable
- Option for a community facility component adds further appeal
- Property will be delivered vacant

Details

MLS#: 886813
Price: $3,250,000

Style: Multi Family
Sq Ft: 8960
Year Built: 1910

County: Kings (Brooklyn)
Tax Fee: 64000