$1,110,000 $1,200,000
Updated 2 months ago
Bedford Stuyvesant, Brooklyn | Buffalo Ave & Ralph Ave
2 Beds1,920 Square FeetMixed Use

$1,110,000 $1,200,000
floors / apts2 / 2
Lot Size16'x125'
Built Size16'x60'
ZoneR7D
Building TypeLow-Rise
RE Taxes$2,433
Price Per SF
$578

Property Description

GFI Realty Services is pleased to present the exclusive offering of 1876A Fulton Street,a (2)-story mixed-use asset comprised of two residential units and a ground floor commercial space, located in the Bedford-Stuyvesant section of Brooklyn between Buffalo and Ralph Avenues. The property was constructed in 1925 and totals 1,920 square-feet. The units are configured as a studio and a (2)-bedroom apartment. The commercial unit is occupied by a restaurant. There are approximately 6,480 square feet of air rights available.The property was recently gut renovated; the units are completed with modern finishes and hardwood floors.The restaurant has a five-year lease in-place; started 2018 and expires 2023.The property is located on a major commercial corridor surrounded by countless national and local retailers. The traffic counts average between 10,000-25,000 vehicles per day. Bedford-Stuyvesant is an area that continues to attract new residents and investors.Additionally, new eateries and boutiques are opening up all along all the major commercial corridors.The property is easily accessible to Manhattan via the A & C subway lines located just a block away.

Listing History

Now
11/05/2020
$1,110,000 [-$90,000] [7.5%]
Price Drop by Yosef Katz
GFI Realty Services
04/02/2020
$1,200,000
Initial Price by Yosef Katz
GFI Realty Services

Building Details

OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1925
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

Ralph Av
0.19 miles
Utica Av
0.34 miles
5
31
0

Bedford Stuyvesant | Brooklyn

Quick Profile

Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood. 

Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue. 

At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 78502TH