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3194-3208 Fulton St - Fulton St. Sr. Citizens Center 25,000 SF Specialty Building Offered For Sale in Brooklyn, NY 11208
Investment Highlights
- Approx. 40,210 SF of development rights, subject to use.
- In-place income with clear redevelopment path.
- Community facility use with flexibility.
- Stable, credit government tenancy.
- Corner location with strong exposure.
- As-is, value-add investment opportunity.
Executive Summary
Lee & Associates NYC is pleased to present exclusively for sale the community facility asset located at 3208 Fulton Street, Brooklyn, NY 11208 (the “Property”). Situated on the corner of Fulton Street and Richmond Street in the East New York neighborhood of Brooklyn, the Property is leased and occupied by NYC Department for the Aging. In addition to its as-is condition, the site features up to approximately 40,210 square feet of development rights depending on use. The Property represents the opportunity to collect stable cashflow through government tenancy while preparing to redevelop the site to its highest and best use.
Property Facts
| Sale Type | Investment | Lot Size | 0.35 AC |
| Sale Condition | Redevelopment Project | Building Size | 24,989 SF |
| Property Type | Specialty | No. Stories | 2 |
| Property Subtype | School | Year Built/Renovated | 1972/2005 |
| Building Class | B | ||
| Zoning | R6B, R6A | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 24,989 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2005 |
| Zoning | R6B, R6A |
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Moderately walkable
70/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04140-0013 | Improvements Assessment | $1,543,500 |
| Land Assessment | $136,350 | Total Assessment | $1,679,850 |
Property Taxes
Parcel Number
04140-0013
Land Assessment
$136,350
Improvements Assessment
$1,543,500
Total Assessment
$1,679,850
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3194-3208 Fulton St - Fulton St. Sr. Citizens Center
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