840 Fulton Street, Brooklyn, NY 11238

Fort Greene, Brooklyn, New York 11238

$6,000,000  

Listing ID Number

21624

Property Description

The subject property is located on the south east corner of Fulton Street and Vanderbilt Avenue in the Fort Greene neighborhood of Brooklyn. The property is currently occupied by a gas station and remains on an approximately 101’ x 98’ corner lot. The site is located in a R7A/C2-4 zoning district and benefits from approximately 23,301 as-of-right buildable SF. In addition, approximately 520 buildable SF from the neighboring property is included in the offering. In total, the as-of-right site remains approximately 23,821 buildable SF.

In addition, there is an Inclusionary Housing bonus, which allows for an FAR of 4.60, giving the site an additional 8,927 buildable SF for affordable housing development.

In total, the site consists of 32,748 buildable SF.
The property will be delivered vacant.

The subject property is conveniently located just blocks away from the Atlantic Terminal subway station and Barclays Center. The Atlantic Terminal subway station provides access for over 10 subway lines running through Manhattan, Brooklyn, Queens, Bronx and Long Island.

Overview

Building Type:Development/Conversion Sites
Location:Fort Greene
Block/Lot:2010/25
Lot Dimensions:100.92 x 97.92 (Approx. Irreg.)
Lot Sq Ft:6,754
Buildable Sq. Ft:23,821, as-of-right
Zoning:R7A/C2-4
FAR:3.45, as-of-right 4.6, CF bonus

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen P. Palmese
Partner
(718) 307-6552
spalmese@masseyknakal.com

Winfield Clifford
Director of Sales
(718) 238-8999 x 7054
wclifford@masseyknakal.com

Michael Mazzara
Senior Associate
(718) 238-8999
mmazzara@masseyknakal.com

Thomas Freeland
Senior Associate
(718) 238-8999
tfreeland@masseyknakal.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.