976 Fulton Street, Brooklyn, NY 11238

Clinton Hill, Brooklyn, New York 11238

$12,500,000  

Listing ID Number

25428

Property Description

976 Fulton Street is a luxury new construction mixed-use elevator building spanning approximately 18,360 SF located on the south side of Fulton Street between St. James Place and Grand Avenue in Clinton Hill, Brooklyn. The 7-story building has a total of twenty-four (24) units consisting of (1) commercial unit and twenty-three (23) residential apartments. The residential unit mix is comprised of twenty-two (22) one-bedroom and one (1) two-bedroom units. The ground floor commercial unit totals approximately sellable 3,621 SF and features 12’ high and 24’ high ceilings.

The property benefits from a 15 year 421A Tax Benefit (currently in year 3 of 3 of the construction benefit period, after which the tax benefit will begin at year 1 of 15 of the completion benefit period). The property is conveniently located 2 blocks away from the C subway at Clinton-Washington station, providing connectivity through all of Brooklyn and New York City.

Overview

Building Type:Mixed-Use User Buildings

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen P. Palmese
Vice Chairman
(718) 307 6552
stephen.palmese@cushwake.com

Michael J. Mazzara
Director
(718) 606 7052
michael.mazzara@cushwake.com

James Berluti
Associate Director
(718) 606 7053
james.berluti@cushwake.com

Stefan Sansone
Associate
(718) 307 6517
stefan.sansone@cushwake.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.