660 Fulton StBrooklyn, NY 11217

Property Details for 660 Fulton St

Year built

1930

Lot size

0.03 AC

Property size (Sq ft)

3,078 SF

Zone code

R7A

Property type

Investment properties

Property subtype

Retail residential properties

APN

02113-0034

APU

21130034

Description

This exceptional two-story retail building at 660 Fulton Street in Brooklyn, New York, presents a unique investment opportunity. Boasting 3,078 square feet of space, the property underwent a complete renovation in 2023 and is currently vacant, offering immediate occupancy. The building is zoned R7A, C2-4, and features a fully built roof deck, perfect for outdoor seating or additional development. Its prime location in Fort Greene places it steps from Atlantic Terminal, Barclays Center, LIU Brooklyn, and numerous subway lines, ensuring high visibility and accessibility. Adding to its potential, the property includes 2,380 square feet of available air rights, allowing for significant expansion or redevelopment. The lot size is 1,732 square feet. The building is a single structure, and the lease type is NNN. This property is ideal for a variety of restaurant concepts or other retail uses, offering a blend of established infrastructure and significant upside potential in a thriving Brooklyn neighborhood. The property was 100% occupied as of February 9th, 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $631,018

  6.5%

  $582,478

  7%

  $540,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $623,366

  Geo Method

  $623,366

• Alternative Use

  Use

  Valuation

  Residential

  $582,478

  Hospitality

  $533,547

  Educational

  $443,905

  Medical

  $459,171

  Retail

  $690,518

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6866

Longitude

-73.9758

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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