427 Fulton Street
427 Fulton Street, New York City, NY 11201
Marketing description
Jones Lang LaSalle ("JLL") has been exclusively retained to arrange the sale of 427 Fulton Street (the "Property" or "Site"), a prime development opportunity in the heart of Downtown Brooklyn. This strategically positioned Site, boasting an 11,815 SF footprint on the north side of Fulton Street, with a block-through to Willoughby Street between Pearl and Jay Streets, offers 118,150 (Standard) or 141,780 ZFA (UAP) for development. 427 Fulton offers optionality as a rental development, benefiting from 485-X and City of Yes incentives (with no minimum unit density factor), or as a condominium project driven by strong fundamentals and deep market demand. Located in both Opportunity and Inner Transit Zones, the Site features frontage on both Fulton and Willoughby Streets creating the opportunity for two entrances, whether for two separate rental buildings, each falling under the 99-unit threshold, or for a rental and condominium building.
Investment highlights
- Development Optionality - 427 Fulton Street provides developers with exceptional optionality. Benefiting from 485-X and City of Yes initiatives, strong market demand supports 100% rental development, condominium development, or a strategic mixture of the two. The Site features frontage on both Fulton and Willoughby Streets, creating the opportunity for two entrances — whether for two separate rental buildings each falling under the 99-unit threshold, or for a rental and condominium building.
- Optimal Scale - The Site features an optimally sized 11,815 SF lot (73' x 158') that offers developers an ideal canvas for construction, particularly given its efficient footprint and block-through position between Fulton and Willoughby Streets. With the potential to build up to 118,150 ZFA (Standard) or 141,780 ZFA (UAP), the Site balances significant development scale with limited construction complexity.
- 3 Subway Stations Within a 1-Minute Walk - 427 Fulton Street offers the most exceptional subway access of any development site in Brooklyn. Three major stations — Borough Hall (2 / 3 / 4 / 5 / R), Hoyt Street (2 / 3), and Jay Street—MetroTech (A / C / F R) — are all within a one-minute walk, providing immediate access to 10 subway lines. DeKalb Avenue (B / Q / R) is just 5 minutes away, bringing the total to four stations and 10 unique train lines within a five-minute radius.
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