Nadav Hamo Acquires Multifamily Property On Fulton Street For $10.25M

The multifamily property located at 1071 Fulton Street in Clinton Hill has been sold in a recent transaction. The property is zoned as R7A and C2-4, indicating a mix of residential and commercial development possibilities. It spans across a lot size of 7,515 square feet with dimensions of 90 feet by 118 feet.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,250,000
• Market: Clinton Hill
• Building Square Footage (BSF): 30,060
• Price per BSF: $340
• Property Square Footage (SF): 21,643
• Price per SF: $473
• Floor Area Ratio (FAR): 2.88
• Tax Class: 2

Nadav Hamo has acquired the property from Alfred Thompson as the buyer. The last sale of the property was recorded on October 26, 2004, with a sale price of $320,000. It should be noted that a full demolition permit was issued on December 21, 2006.