Bed Stuy Inclusionary Site - 17,360 BSF
0.07 Acres of Commercial Land Offered at $3,130,000 USD in Brooklyn, NY 11216
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,130,000
- Property Type
-
Land
Listing Contacts
Alexandre Goulet
Verified Profile
Dean Abouelhassan
Verified Profile
Anand Melwani
Verified Profile
- Property Info
Property Overview
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.
Property Details
- Property Subtype
- Commercial
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
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