Generated Twenty Written Offers to Achieve over $600 per SF – $1,450,000
1017 Fulton Street is a small property with a difficult past, a challenged present and a future that looks bright. Located on a solid retail corridor between Grand Ave and Downing Street in Clinton Hill, it has served as a both a cash flow stream and a business location for the family that owned the property of over 25 years. The family had purchased the property from New York City when distressed shells were selling for pennies on the dollar. In fact, the City provided mortgage financing for the purchase at advantageous rates. The mortgage obligated the family to rehabilitate the property. As is often the case, after decades of ownership, the family eventually became fatigued with managing maintaining the property. At the same time, they decided to shut down the business – a liquor store – they operated in its ground floor retail unit.
RELATED NEWS
157 Smith St, Brooklyn, NY Selling a Tear-Down in Cobble Hill Brooklyn and swapping into a Crown Heights Portfolio Smith Street is one of Downtown Brooklyn’s premier retail corridors. Serving the affluent neighborhoods of Cobble Hill, Boerum Hill and Carroll Gardens, Smith Street’s retailers and condo converters profit from the area’s significant and growing affluence.…
Amazon Rumored to Be Looking at Industry City for New… Rumor has it that Amazon is eyeing Industry City as the site of its next logistics facility. Skeptics argue that the story could be a ploy to negotiate a better deal for a new warehouse in Sunset Park, Brooklyn, when their lease expires at Liberty View Industrial Plaza,another industrial complex next…
Brownfield designation good news for Brooklyn industry Brownfield designation good news for Brooklyn industry On December 17 of last year, the New York Department of State designated a 721-acre area in North Brooklyn’s Industrial Business Zone (IBZ) which stretches from eastern Greenpoint into parts of East Williamsburg and Bushwick as a new Brownfield Opportunity Area (BOA). The BOA…
157 Smith St, Brooklyn, NY Selling a Tear-Down in Cobble Hill Brooklyn and swapping into a Crown Heights Portfolio Smith Street is one of Downtown Brooklyn’s premier retail corridors. Serving the affluent neighborhoods of Cobble Hill, Boerum Hill and Carroll Gardens, Smith Street’s retailers and condo converters profit from the area’s significant and growing affluence.…
Amazon Rumored to Be Looking at Industry City for New… Rumor has it that Amazon is eyeing Industry City as the site of its next logistics facility. Skeptics argue that the story could be a ploy to negotiate a better deal for a new warehouse in Sunset Park, Brooklyn, when their lease expires at Liberty View Industrial Plaza,another industrial complex next…
Brownfield designation good news for Brooklyn industry Brownfield designation good news for Brooklyn industry On December 17 of last year, the New York Department of State designated a 721-acre area in North Brooklyn’s Industrial Business Zone (IBZ) which stretches from eastern Greenpoint into parts of East Williamsburg and Bushwick as a new Brownfield Opportunity Area (BOA). The BOA…
We will get back to you or give us a call at 718.475.4348.
