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1101-110 Fulton Street

NY, NY 11238

$7,920,000

Mixed Use For Sale

Property Details

  • Property Type Mixed Use

Description

DEAL FELL THROUGH & BACK ON THE MARKET ...LOOKING FOR THE RIGHT JV PARTNERThis three parcel corner property on the borderline of Clinton Hill & Bedford Stuyvesant is back on the market and the owner is looking to do a joint venture with the right development team. Owner is a long standing and well respected member of Community Boards 3 & 8 as a human rights advocate, community organizer and community housing development. This is the partner you want on your team when its time to get things done.Nestled between hip Franklin Ave and cool Classon Ave, this is an incredible opportunity for a savvy investor/developer on the rapidly developing Fulton Street corridor. With R7D, C2-4 zoning code this mixed use property has 80 feet of retail frontage on Fulton Street and wraps around the corner with 108 feet of retail frontage on Claver Place and offers a wide range of possibilities for commercial use and condominium conversion. With 4.2 FAR this irregular shaped lot has ~25,000 BSF and offers the possibility for expansion. Zoning Analysis estimates 30,000BSF utilizing community and housing variances. This is a rare opportunity to purchase a vacant building of this size and in this location for $380 per foot. One block from the A/C/S trains at Franklin Ave, 5 min to Downtown Brooklyn / Barclays / BAM Arts campus, and just 15-20 min to Manhattan. The property offers wonderful upside and is ready for renovation. Parcel 1 = 1101 Fulton St Block: 1994 , Lot: 48Parcel 2 = 1103 Fulton St Block: 1994, Lot 47Parcel 3 = 1105 - 1107 Fulton St, Block 1994, Lor 45All offers should include:  Financials outlining all assets and liabilities, Provide proof of funds, Any Contingencies, Time frame for closing, Complete Attorney information, Past deal history*Buyer is expected to complete their own due diligence.**Please send all offers to Malika Oyo at moyo@corcoran.com (mobile: 917.407.8840).  SERIOUS ENQUIRIES ONLY...OWNER IS NOT ENTERTAINING OFFERS BELOW ASK.
Malika Oyo 718-852-9050
Malika Oyo 718-852-9050