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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 886813
Rental Info No
Year Built 1910
Annual Tax Amount $64,000
Property Sub-Type Multi Family
Source onekey2
Property Description
Prime Development Opportunity in Bedford-Stuyvesant, Brooklyn
Location:
- Intersection of Howard Avenue and Fulton Street
- Strategically positioned corner property with immense growth and development potential
Zoning:
- Exceptional R7D zoning with C2-4 commercial overlay
- Allows for nearly 17,000 buildable square feet ****
Building Dimensions:
- 20 feet by 48 feet
- Lot size: 40 x 100 feet
- Existing structure: Walk-up apartment building with 5 families and commercial spaces
Property Features:
- Distinct Buildings on Lot:
1. 275 Howard Avenue
- 3-bedroom, 2-bath single-family home
- Wood floors, 1 kitchen, no basement
2. 271-273 Howard Avenue
- Commercial space currently used by a shipping company
3. 1986 Fulton Street
- 3 story building with commercial storefront with full basement
4. 1988 Fulton Street
- 3-story walk-up building
- Lower level: Commercial space
- Upper floors: 2 floors of SRO with 10 rooms, 2 kitchens, 2 full bathrooms, and 2 half bathrooms on each floor
Current Commercial Units:
- Three commercial units
Potential Development Opportunities:
- Condo or rental units, capitalizing on growing demand
- Expanding residential units for an increasing population
- Enhancing commercial offerings for the local community
- Exploring mixed-use developments combining retail and residential living
Market Potential:**
- Unique chance for developers to capitalize on the growing demand for residential and commercial spaces in Bedford-Stuyvesant
- Area experiencing substantial growth, ideal for innovative development projects
- 1986-88 Fulton Street and Howard Avenue serve as a gateway to future growth in a vibrant neighborhood
Investment Appeal:
- Compelling opportunity for investors and developers to impact an area poised for transformation
- Corner site is rare, making this opportunity particularly valuable
- Option for a community facility component adds further appeal
- Property will be delivered vacant
Location:
- Intersection of Howard Avenue and Fulton Street
- Strategically positioned corner property with immense growth and development potential
Zoning:
- Exceptional R7D zoning with C2-4 commercial overlay
- Allows for nearly 17,000 buildable square feet ****
Building Dimensions:
- 20 feet by 48 feet
- Lot size: 40 x 100 feet
- Existing structure: Walk-up apartment building with 5 families and commercial spaces
Property Features:
- Distinct Buildings on Lot:
1. 275 Howard Avenue
- 3-bedroom, 2-bath single-family home
- Wood floors, 1 kitchen, no basement
2. 271-273 Howard Avenue
- Commercial space currently used by a shipping company
3. 1986 Fulton Street
- 3 story building with commercial storefront with full basement
4. 1988 Fulton Street
- 3-story walk-up building
- Lower level: Commercial space
- Upper floors: 2 floors of SRO with 10 rooms, 2 kitchens, 2 full bathrooms, and 2 half bathrooms on each floor
Current Commercial Units:
- Three commercial units
Potential Development Opportunities:
- Condo or rental units, capitalizing on growing demand
- Expanding residential units for an increasing population
- Enhancing commercial offerings for the local community
- Exploring mixed-use developments combining retail and residential living
Market Potential:**
- Unique chance for developers to capitalize on the growing demand for residential and commercial spaces in Bedford-Stuyvesant
- Area experiencing substantial growth, ideal for innovative development projects
- 1986-88 Fulton Street and Howard Avenue serve as a gateway to future growth in a vibrant neighborhood
Investment Appeal:
- Compelling opportunity for investors and developers to impact an area poised for transformation
- Corner site is rare, making this opportunity particularly valuable
- Option for a community facility component adds further appeal
- Property will be delivered vacant
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Electric
Flooring Combination
Fireplace No
Appliance Electric Oven, Gas Water Heater
Exterior
Parking Features On Street
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Connected
Building
Lot Description Corner Lot, Corners Marked, Interior Lot, Near Public Transit
Story 3
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Coldwell Banker American Homes