474-478 Fulton St | Brooklyn, NY 11201
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- LoopNet Team
474-478 Fulton St
Brooklyn, NY 11201
Bank of America & Chipotle- Downtown Brooklyn · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Trophy net lease investment on Fulton Mall - one of the most coveted, high-density retail and commercial corridors in Brooklyn
- Exceptional rent growth – Bank of America increases 9% every 3yrs + 15% increases at start of each option; Chipotle features 10% increases every 5yrs
- Neighboring tenants along Fulton Street: Macy’s, H&M, T.J. Maxx, Express, Chase, Adidas, AT&T, and City Point mall anchored by Target, lululemon, etc.
- 100% leased to best-in-class corporate tenants with limited landlord responsibilities
- Located on bustling Fulton St (Fulton Mall) in Downtown Brooklyn, one of New York’s premier shopping districts with over 100,000 shoppers per day
- Robust demographics with over $168,000 average household income within a half mile and over 1 million population within 3 miles
PROPERTY FACTS
Property Type
Retail
Building Size
38,402 SF
Building Class
B
Year Built/Renovated
1920/2018
Tenancy
Multiple
Building Height
3 Stories
Building FAR
4.20
Lot Size
0.21 AC
Zoning
C5-4 - Central Commercial District.
AMENITIES
- 24 Hour Access
- Bus Line
- Corner Lot
- Metro/Subway
- Signage
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 00158-1001 | Improvements Assessment | $2,219,724 |
| Land Assessment | $369,360 | Total Assessment | $2,589,084 |
PROPERTY TAXES
Parcel Number
00158-1001
Land Assessment
$369,360
Improvements Assessment
$2,219,724
Total Assessment
$2,589,084
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