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$3,250,000
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Property Description
Prime development site located at the intersection of Howard Avenue and Fulton Street in Bedford-Stuyvesant, Brooklyn. This strategically positioned corner property offers immense potential for growth and development in a rapidly evolving community. The subject property encompasses a lot size of 40 x 100 feet and is zoned R7D, C2-4, allowing for a diverse range of development options. The existing structure comprises a walk-up apartment building featuring six families with commercial spaces, along with additional mixed-use buildings that enhance the property's versatility. The property currently hosts three commercial units, with the building dimensions measuring 20 feet by 48 feet, all situated within a lot that contains four distinct buildings including a 3bedroom 2 bath single family home. The location boasts an exceptional R7D Zoning with a commercial overlay of C2-4 which will allow for nearly 17,000 buildable square feet & whether condo or rental units, this opportunity will grant the developer a win! This site represents a unique opportunity for developers looking to capitalize on the growing demand for both residential and commercial spaces in Bedford-Stuyvesant. The area is experiencing substantial growth, making it an ideal location for innovative development projects. Potential uses could include: - Expanding residential units to accommodate the increasing population. - Enhancing commercial offerings to serve the local community. - Exploring mixed-use developments that combine retail and residential living. 1986-88 Fulton Street is more than just a property; it's a gateway to future growth in a vibrant neighborhood. This is a compelling opportunity for investors and developers to make a significant impact in an area poised for continued transformation. Don't miss your chance to be part of Bedford-Stuyvesant's exciting future! The reshaping of the Bedford Stuyvesant Skyline continues with multiple projects popping up throughout, and while larger lots are scarce, a corner site is nearly impossible to find.. until now! & with the option of a community facility component, this site is one not to be passed up! WILL BE DELIVERED VACANT
Full Property Details
Full Property Details for 1986 Fulton St #12
General
- Price: $3,250,000
- Taxes: $64,821
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 840142
- Updated: 7/10/2025
- Added to Site: 294 day(s) ago
Business
- Business Type: Advertising, Grocery, Mixed, Residential
Rental Information
- Complex Features: Bathrooms, Mailbox, Storage, Walk Up
Interior
- Flooring: Combination
Location
- County: Kings (Brooklyn)
- Cross Streets: FULTON STREET / HOWARD AVENUE
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas
- Heating Zones: 3
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Electricity Connected, Natural Gas Connected
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement
- Stories/Levels: 3
- Stories in Building: 3
- Building Size: 8960
- Square Feet: 8,960
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.0918
- Lot Size (Sq. Ft.): 4,000
- Lot Features: Corner Lot, Corners Marked, Interior Lot
- Zoning: R7C
Financial Considerations
- Tax Amount: $64,821.64
Disclosures and Reports
- Special Conditions: None
- Property ID: 01549-0001
Listed by Coldwell Banker American Homes
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Schools
Schools serving 1986 Fulton St #12
School District:New York City Geographic School District 16
| Name | Grades | Distance |
|---|---|---|
Ps 28 The Warren Prep Academy 265 Ralph Avenue, Brooklyn, NY 11233 | K-6 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1986 Fulton St #12
Date
Details
Price
Change
Source
7/10/2025
Price Reduced
$3,250,000
-7.14%
MLS
4/02/2025
Listed
$3,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1986 Fulton St #12
Year
Property Taxes
Change
Tax Assessment
Change
2025
$65,981
2%
$527,850
-6%
2024
$64,822
2%
$563,850
6%
2023
$63,573
4%
$529,650
1%
2022
$61,406
-45%
$523,350
14%
2021
$112,501
97%
$458,550
-11%
2020
$57,229
11%
$517,050
1%
2019
$51,683
26%
$513,900
5%
2017
$40,947
—
$490,050
23%
2017
$40,947
117%
$397,350
6%
2016
$18,830
3%
$375,750
27%
2015
$18,370
-1%
$294,750
9%
2014
$18,485
-50%
$270,000
-7%
2013
$37,297
—
$290,250
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1986 Fulton St #12
1986 Fulton Street #12, Brooklyn, NY 11233 (MLS# 840142) is a Commercial property. 1986 Fulton Street #12 is currently listed for $3,250,000 and was received on April 02, 2025. Want to learn more about 1986 Fulton Street #12? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

