485 Fulton StDowntown Brooklyn, NY 11201

Property Details for 485 Fulton St

Year built

1921

Lot size

0.69 AC

Property size (Sq ft)

130,450 SF

Zone code

C64.5

Property type

Office properties

Property subtype

Office buildings

APN

00152-0006

APU

1520006

Description

This exceptional Downtown Brooklyn property at 485 Fulton Street offers a diverse range of office spaces ideal for coworking businesses and medical practices. The building boasts a total of 114,438 square feet, with a significant 61,142 square feet currently available for lease. Multiple tenancy options are available, catering to businesses of varying sizes. Spaces range from a minimum of 7,000 square feet to a maximum contiguous space of 27,324 square feet, providing flexibility for expansion or consolidation. Located in the vibrant heart of Downtown Brooklyn, this strategically positioned building offers unparalleled access to public transportation, amenities, and a thriving business community. The property is classified as an office building with a specific focus on coworking and medical office sub-types, making it a perfect fit for a variety of businesses seeking a modern and functional workspace in a prime New York City location. The building's address is 485 Fulton Street, in New York County, New York, zip code 11201. This is a unique opportunity to secure high-quality office space in a dynamic and rapidly growing area. Inquire today to learn more about the available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $21,567,282

  6.5%

  $19,908,260

  7%

  $18,486,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,044,596

  Geo Method

  $17,044,596

• Alternative Use

  Use

  Valuation

  Residential

  $24,686,242

  Hospitality

  $22,612,466

  Educational

  $18,813,306

  Medical

  $19,460,324

  Retail

  $29,265,142

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6913

Longitude

-73.9859

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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