www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34057292
34057280

1779 Fulton Street, Brooklyn, NY 11223

SK
Realstreet Real Estate Group
Listed by Realstreet Real Estate Group
$1,999,000
6 days on market
Updated 6 days ago

1779 Fulton Street

Details
APN 01859-0005
Property Type Land, Mixed Use
Sub Type Development Site
Square Footage 10,038
Units 2
Cap Rate 3.70%
NOI $73,895
Occupancy 66.67%
Tenancy Multi
Price per SqFt $199
Class C
Lot Size (SqFt) 2,154
Zoning R7D / C2-4
Investment Type Redevelopment
Ground Lease No

Development Site | 2,154 SqFt

Marketing description

1779 Fulton Street | Brooklyn, NY 11233

Positioned along one of Central Brooklyn's most active commercial corridors and within one of Brooklyn's fastest-growing neighborhoods, 1779 Fulton

Street presents a rare mixed-use development opportunity. Situated on a 2,154 SF lot (25.62' × 88.96') with 25 feet of frontage on Fulton Street, the

property is zoned R7D/C2-4 and offers the ability to develop approximately 10,038 buildable residential square feet, creating an exceptional opportunity

for developers looking to capitalize on the area's strong residential demand.

Located in a highly walkable, transit-oriented neighborhood, the site is just minutes from the Utica Avenue, Ralph Avenue, and Kingston–Throop

Avenues subway stations. Combined with strong neighborhood demographics, high pedestrian activity, and a well-established retail corridor, the

property is ideally suited for a mixed-use project with ground-floor commercial space and residential apartments above, or another development

permitted under the existing zoning.

The property is currently improved with a renovated commercial storefront and two renovated studio apartments, providing interim income while plans

and approvals are pursued for future redevelopment.

Residential Development Potential

The property's most significant value lies in its ability to accommodate approximately 10,038 buildable residential square feet under the current zoning.

This residential development capacity provides the opportunity to deliver a modern apartment building in a neighborhood benefiting from continued

investment, strong rental demand, and limited new housing inventory.

Its combination of residential density, excellent transit access, and prominent Fulton Street frontage makes the site well-positioned for a high-quality

residential or mixed-use development that can generate strong long-term value.

Investment highlights

  • Sale Price: $1,999,000
  • Price per Residential Buildable SF: Approximately $199/SF
  • Lot Size: 2,154 SF (25.62' × 88.96')
  • Residential Buildable Area: Approximately 10,038 SF
  • Zoning: R7D/C2-4
  • 25 feet of frontage on Fulton Street
  • Existing renovated commercial storefront with two renovated studio apartments
  • Excellent access to multiple subway lines
  • Exceptional pedestrian traffic and neighborhood visibility
  • Dense surrounding residential population and strong daytime employment

Listing Contacts

SK
Realstreet Real Estate Group
Listed by Realstreet Real Estate Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,895.00
$6,157.92/mo

Valuation Metrics

0
DSCR
3.7%
Cap Rate
3.7%
ROI

Map

Zoning

Intelligence Badge
R5B ResidentialTwo FamilyGeneral Residence
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 99 uses
View all 99 uses
Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591