1276 Fulton StBrooklyn, NY 11216

Property Details for 1276 Fulton St

Year built

1931

Lot size

0.06 AC

Property size (Sq ft)

5,530 SF

Zone code

C45D

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

01860-0053

APU

18600053

Description

This exceptional turnkey restaurant opportunity is located at 1276 Fulton Street in the vibrant Brooklyn neighborhood of New York, NY, zip code 11216. The space boasts a total of 1,500 square feet, strategically divided between a 750-square-foot ground floor and a 750-square-foot lower level. The ground floor is fully vented and ready for immediate operation. The lower level provides ample space for food preparation, storage, and refrigeration, featuring walk-in box refrigeration units. The property benefits from a recent, high-quality build-out, ensuring modern and efficient operations. The building itself is a two-story structure with a total of 5,530 square feet, situated on a 2,765-square-foot lot. The property is zoned C4-5D, allowing for a variety of commercial uses. This corner location in Kings County offers excellent visibility and accessibility for customers. The space is currently vacant and ready for immediate occupancy. This is a rare opportunity to acquire a fully equipped and ready-to-operate restaurant in a prime Brooklyn location. The property's modern build-out and convenient layout make it an ideal choice for experienced restaurateurs seeking a seamless transition into a thriving business.

• CAP approach

  CAP return

  Valuation

  6%

  $1,133,700

  6.5%

  $1,046,492

  7%

  $971,743

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,119,952

  Geo Method

  $1,119,952

• Alternative Use

  Use

  Valuation

  Residential

  $1,046,492

  Hospitality

  $958,581

  Educational

  $797,528

  Medical

  $824,957

  Retail

  $1,240,600

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6802

Longitude

-73.9497

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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