Property Description

Prime Development Opportunity in Bedford-Stuyvesant, BrooklynLocation: - 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

Property Features