NEW YORK, NY July 10, 2018 — Cushman & Wakefield today announced that the firm has been retained on an exclusive basis to arrange the sale of of 1215 Fulton Street, a significant mixed-use development site with 165,631 buildable-square-feet, in the Brooklyn neighborhood of Bedford-Stuyvesant. The asking price is $37,950,000.
A team led by Director DJ Johnston, with Associate Director Bryan Kirk will represent the seller, Industrie Capital Partner’s Eli and Joseph Hamway, in all marketing efforts.
“The exposure, preliminary design and scale of this development site offers the opportunity to build a trifecta of premium retail, residential and office product,” DJ Johnston of Cushman & Wakefield. “The site offers multiple frontages with access to both the best residential and retail corridors in the neighborhood. The high density of the large interior lot offers an opportunity to build a powerful office or retail building, unmatched and unique to the area.”
1215 Fulton Street offers 44,607 square feet of land, with frontage on both Fulton Street and Halsey Street. The frontage on Fulton presents significant retail exposure to the neighborhood’s main thoroughfare, while the exposure on Halsey Street offers access to one of the most sought after brownstone streets in Bedford-Stuyvesant, perfect for luxury residential development. The large interior lot presents a unique opportunity to develop a standalone office building, offering 360 degree views of the surrounding brownstone blocks, and a clear sight of the Manhattan skyline in the distance.
Located in an area prime for residential and commercial use, neighboring retailers include Walgreens, Planet Fitness and Dunkin Donuts, as well as numerous bars and restaurants. Multiple transportation options are available within one block, with the express A and C trains at Nostrand Avenue, offering direct access to Downtown Brooklyn and Manhattan within 15-20 minutes.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.