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