Prime Development Site at 673 Fulton Street in Downtown Brooklyn
FOR SALE
$9,500,000
673 Fulton Street, Brooklyn, NY 11217
Property Description
- Prime Development Opportunity for Long Term Unsubordinated Ground Lease.
- Incredible Corner Location in Downtown Brooklyn/Fulton Mall
Close Proximity to Fulton Mall, Brooklyn Academy of Music, Atlantic Terminal Mall, Barclays Center, & Numerous Educational, Cultural, and Dining Venues. - Two Blocks to the Nevins Street 2, 3, 4 & 5 Train Station and three blocks to the 2, 3, 4, 5, B, D, N, Q and R Train at Atlantic Terminal.
- Additional Air Rights Available from Adjacent Property.
Property Details
Asset Type
Development Site
Zoning
R7A / C2-4
Lot Size
3,742 SF
Neighborhood
Fort Greene
Submarket
Brooklyn
ZIP
11217
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$540,418
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$45,035
Annual Debt Service
$540,418
View on Map
Address
673 Fulton Street
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Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale
No investors found in this market.
