491 Fulton Street — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Brooklyn, NY 11201
  • Year built: 1952

Photos

491 Fulton Street — Sale in Brooklyn, NY, photo 1 of 2
491 Fulton Street — Sale in Brooklyn, NY, photo 2 of 2

Description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire 491 Fulton Street, a vacant mixed-use building located in the heart of Downtown Brooklyn along Fulton Street, historically the premier retail corridor in Downtown Brooklyn. The property will be delivered completely vacant, providing investors with the rare opportunity to immediately lease the asset at market rent or occupy the space for their own use. The property consists of approximately 2,377 square feet on a 1,337-square-foot lot with 20 feet of frontage on Fulton Street. Zoned C6-4.5 (R10 Equivalent) with an FAR of 12, the site offers approximately 16,044 buildable square feet, creating significant long-term redevelopment potential while allowing investors to capitalize on today's exceptionally strong retail leasing market. Investors can immediately execute a leasing strategy at current market rents, creating substantial value through lease-up while maintaining complete flexibility for future redevelopment or repositioning Investment Highlights: • Mixed-Use Building Located Along Fulton Street in the Heart of Downtown Brooklyn. Delivered Completely Vacant Offering Immediate Leasing or Owner-User Flexibility. • Approximately 2,377 SF Building on a 1,337 SF Lot with 20 Feet of Fulton Street Frontage. Zoned C6-4.5 (R10 Equivalent) with Approximately 16,044 Buildable SF of Development Potential. • Surrounded by Major National Retailers Including Target, Trader Joe's, Primark, H&M, Raising Cane's, and Old Navy.

Market Context

This retail in Brooklyn, NY is listed for sale. The building dates to 1952. Compare it against other retail listings for sale in Brooklyn, NY — view the full market.

Estimated Price per SF

$181.31/SF – $1,319/SF

Mid: $549.43/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

Contact

  • Scott Plasky
  • Alex Arustamian

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