Investment Overview

The subject offering is a 10,754 SF four-story commercial building located in prime Downtown Brooklyn, sitting on Fulton Street right off the corner of Flatbush Avenue. The offering consists of 3,452 SF of ground-floor retail, and another 3,452 SF of second-floor retail. Both the ground and second floor spaces are built out full. The third and fourth floors are built 1,925 SF each. The entire building will be delivered vacant. The site is located right in the heart of Fulton Street, the main retail artery in Downtown Brooklyn. The property is surrounded by major retailers in every direction. Since being rezoned in 2004, Downtown Brooklyn has seen the construction of more than 21,000 new apartments. This site is directly next door to The Paxton, a 43-story luxury apartment building with 327 apartments. And it is across the street from The Brook, a 51-story luxury building with 591 apartments. 530 Fulton Street presents an investor the opportunity to renovate and create value via leasing up the existing vacancy and potentially converting the upper floors to residential. The offering is also an incredibly rare opportunity for a user to control their space in one of the busiest and highest rent per square foot locations in Brooklyn. The offering rests on a 3,448 SF lot zoned C6-4/R10. All of the existing development rights were sold off previously. The site is 25 x 138 feet, with the first two floors built full, and the upper floors built 25 x 77 feet