1982 Fulton StBrooklyn, NY 11233

For Sale
$1,750,000

Prime Fulton St. land, 16K+ buildable sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional bank-owned foreclosure presents a unique investment opportunity in the vibrant Bedford-Stuyvesant neighborhood of Brooklyn. Located at 1982 Fulton Street, this 3,126 square foot lot (29.5 x 100 feet) offers significant development potential. The property boasts dual zoning designations: R7D and C2-4, allowing for a diverse range of commercial and residential projects. With a generous Floor Area Ratio (FAR) of 5.6, the total buildable square footage reaches an impressive 17,505 square feet. Even considering inclusionary housing and commercial overlay requirements, a buildable area exceeding 16,129 square feet is achievable. This translates to a compelling price per square foot of just over $108, making this a highly attractive proposition for developers seeking a prime location in a rapidly growing area. The property's strategic location on Fulton Street provides excellent visibility and accessibility, further enhancing its investment appeal. This is a rare chance to acquire a substantial development site in a highly sought-after Brooklyn neighborhood. Act quickly, as opportunities like this are seldom available.

Highlights

  • $1,750,000 asking price.
  • 16,129 square feet buildable.
  • 3,126 square foot lot (29.5' x 100').
  • R7D and C2-4 zoning.
  • $108 per square foot land value.
  • Bank-owned foreclosure.

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.67848
Longitude
-73.919272
1982 Fulton St, Brooklyn, New York

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1982 Fulton St
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