660 Fulton St Brooklyn, NY 11217
- Investment properties
- 3,078 SF
- 0.03 lot acres
Current Use by Public Records
- Investment properties
Property Details for 660 Fulton St
- Year built
- 1930
- Lot size
- 0.03 lot acres
- Property size
- 3,078 SF
- Zone code
- R7A
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 02113-0034
- APU
- 21130034
Description
This exceptional two-story retail building at 660 Fulton Street in Brooklyn, New York, presents a unique investment opportunity. Boasting 3,078 square feet of space, the property underwent a complete renovation in 2023 and is currently vacant, offering immediate occupancy. The building is zoned R7A, C2-4, and features a fully built roof deck, perfect for outdoor seating or additional development. Its prime location in Fort Greene places it steps from Atlantic Terminal, Barclays Center, LIU Brooklyn, and numerous subway lines, ensuring high visibility and accessibility. Adding to its potential, the property includes 2,380 square feet of available air rights, allowing for significant expansion or redevelopment. The lot size is 1,732 square feet. The building is a single structure, and the lease type is NNN. This property is ideal for a variety of restaurant concepts or other retail uses, offering a blend of established infrastructure and significant upside potential in a thriving Brooklyn neighborhood. The property was 100% occupied as of February 9th, 2024.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,320,000
- 6.5%
- $2,070,000
- 7%
- $2,500,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,285,000
- Geo Method
- $2,155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,095,000
- Retail
- $2,420,000
- Mixed-Use
- $2,085,000
- Hospitality
- $2,375,000
- Educational
- $2,060,000
- Residential Income
- $2,230,000
- Energy
- $2,140,000
- Income-Based Land
- $2,025,000
- Food Service
- $2,180,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9758
- Latitude
- 40.6866
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA