For Sale Approve Plans For 30 Unit Building & J51 Tax Abatement-Brooklyn NY

[Chris Terborg]

SETUP FOR 1209-1213 FULTON STREET. PRIME DEVELOMENT OPPORTUNITY. SOLD WITH APPROVE PLANS FOR 30 UNIT BUILDING & J51 TAX ABATEMENT

A 60’ x 100’ development site which is being sold with approved plans that will be a 60’ wide 30 unit eight story luxury elevatored mixed-use building. The property will have a store on the first floor which will be duplexed with the basement. The first floor will also have a two-bedroom apartment, a one- bedroom apartment and a parking garage. The upper floors will each have four units per floor, two of the apartments will face the front of the building and the other two will face the back. The units will be two, two-bedroom apartments and two, one-bedroom apartments per floor.

The two-bedroom apartments will have two full bathrooms, a full kitchen along with a living/dining area. The one-bedroom apartments will have a full kitchen, a full bathroom along with a living/dining area. The basement has storage space, the sprinkler room, electric and gas room along with a gym. The building also has a top roof deck.

The property is on a block with lots of foot traffic and fine retail stores and restaurants. The A & C train is one block away on Nostrand & Fulton also Nostrand & Franklin Avenue. The site is within 5 to 10 minutes from the Barclays Center and Atlantic Terminal Mall via train. Also within 20 minutes to the city. There is a strong demand for new apartments in the area with amenities and close to public transportation.
ASKING PRICE: $9,350,000.00

1209-1213 Fulton St. 60' Wide Four Story Vacant Commercial Building. Prime Development Oppty. Sold With Approve Plans For 30 Unit Bldg & 421 A Tax Abatement