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1101-110 Fulton Street

NY, NY 11238

$3,500,000

Mixed Use For Sale

Property Details

  • Property Type Mixed Use

Description

SELLER IS LOOKING FOR THE RIGHT JV PARTNERWith all the development that has been going on in Clinton Hill and Bed-Stuy along the Fulton St corridor, the Seller of the triple parcel lot at 1101, 1103, and 1105-1107 Fulton Street is looking to do a joint venture with the right development team for this prime time corner location. The major aspects of this deal are:- The Seller retains 8,000SF on the first floor and second floor, as well as an additional 4,000SF in the basement -Seller's SF will be utilized as community space including:  restaurant, digital studio, office space, and art gallery/event space, as well as residential and a single parking space. -Developer finances the design, construction and build out of all square footage including but not limited to: excavation, underpinning, engineering, architectural design, electrical, plumbing, HVAC, carpentry, tile, drywall, masonry, insulation, soundproofing, and painting finished concrete.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, 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. 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 venture offers wonderful upside and is ready for renovation. All offers should include: Financials outlining all assets and liabilities, Provide proof of funds, Time frame for closing, Complete Attorney information, Past deal historyPlease contact listing broker for a full list of JV Terms.**Buyer is expected to complete their own due diligence.**
Malika Oyo 718-852-9050
Malika Oyo 718-852-9050