1546 Fulton St Brooklyn, NY 11216-2514
- Investment properties
- 2,760 SF
- 0.07 lot acres
Current Use by Public Records
- Year Round Tax Services / Tax Preparation Service
- Hyacinthe Arnold / Accountant
Property Details for 1546 Fulton St
- Year built
- 1910
- Lot size
- 0.07 lot acres
- Property size
- 2,760 SF
- Zone code
- R7D
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 01864-0029
- APU
- 18640029
Description
This exceptional 3,100 square foot development site in Bedford-Stuyvesant, Brooklyn presents a compelling investment opportunity. Located at 1546 Fulton Street, this mid-block lot measures 31' x 100' and boasts a prime location just 0.1 miles from the Kingston-Throop Avenue A & C subway station, providing easy access to Manhattan. Zoned R7D, C2-4 (VIH), the property allows for the as-of-right construction of a 17,360 square foot mixed-use building. This zoning permits the creation of a building with up to 24 units and retail space. The site is situated in a highly desirable area, surrounded by recently constructed condo buildings and thriving retail businesses. Bedford-Stuyvesant's robust market shows strong potential, with condo sales exceeding $1,100 per square foot and rental rates averaging $65 per square foot. The property is in a Voluntary Inclusionary Housing area, offering the option to include 30% of units at 80% of the Area Median Income (AMI). This can be combined with an adjacent property (485x) to achieve 20% of units at 80% AMI. This rare opportunity offers significant potential for substantial returns in a thriving Brooklyn neighborhood with limited available development land. The asking price is $3,130,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $355,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $250,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $320,000
- Mixed-Use
- $260,000
- Hospitality
- $265,000
- Educational
- $275,000
- Residential Income
- $235,000
- Energy
- $305,000
- Income-Based Land
- $295,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9391
- Latitude
- 40.6796
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
