1163 Fulton Street,Brooklyn, NY 11216
Brooklyn, NY 11216
Description
Prime mixed-use development opportunity in the heart of Bedford-Stuyvesant. 1163 Fulton Street is being offered with architectural plans for a new residential and retail building on a highly visible Fulton Street corridor. The proposed development consists of approximately 8,760 gross square feet, featuring 5 residential units above ground-floor retail space, creating an attractive blend of rental income and long-term appreciation potential. The project is situated on a 2,560 SF zoning lot within a C2-4/R7D and R6B district, allowing for both residential and commercial uses. The proposed building includes approximately 8,112 SF of residential area and 648 SF of commercial space, with a cellar, upper residential floors, and roof access. Plans call for a modern infill development with approximately 55 feet of building height, generous residential floor plates, and a 30-foot rear yard. The property is located within New York City's Inner Transit Zone, eliminating parking requirements and enhancing development efficiency. Positioned along one of Brooklyn's most active commercial thoroughfares, the site benefits from strong foot traffic, proximity to public transportation, thriving neighborhood retail, and continued residential growth. This is an exceptional opportunity for developers, investors, and builders seeking a shovel-ready project in one of Brooklyn's most dynamic and rapidly appreciating submarkets. Property Highlights: - Development site on Fulton Street in Bedford-Stuyvesant- Proposed mixed-use building with retail and residential components- Approximately 8,760 Gross SF proposed- 5 residential units proposed- Ground-floor retail component- C2-4/R7D & R6B zoning- No parking requirement (Inner Transit Zone)- 30-foot rear yard proposed- Excellent transportation access and neighborhood amenities- Ideal for rental, condominium, or mixed-use investment strategy
Details
| MLS # | 1011078 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 156 |
| Listing Provided By | REO Assets America LLC | Daniel Kaziev |
Features
| Zoning | R7D C24 |
|---|---|
| Acreage | 0.05 |
Exterior
| Lot Features | Near Public Transit, Near School, Near Shops |
|---|
Utilities
| Sewer | Other |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 128700 |
| Tax Annual Amount | 9056.16 |
| Tax Lot | 37 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11216 |
| School District | Bedford Academy High School |
| Elementary School | Ps 3 Bedford Village |
| High School | Bedford Academy High School |
| Listing VS Median (in 11216) | |
Price: $1,849,000 low | high Med: $2,000,000 On site: 156 low | high Med: 115 | |
Market Activity 11216
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| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11216 |
| School District | Bedford Academy High School |
| Elementary School | Ps 3 Bedford Village |
| High School | Bedford Academy High School |
| Listing VS Median (in 11216) | |
Price: $1,849,000 low | high Med: $2,000,000 On site: 156 low | high Med: 115 | |
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