1 Acre of Mixed-Use Land for Sale in Brooklyn, New York
1950 Fulton St, Brooklyn, NY 11233
Avison Young, as the exclusive agent, is pleased to offer for sale 1950 Fulton Street (the “Site”) – a full block end with 645’ of wraparound frontage at the intersection of Fulton Street, Ralph Avenue, and Herkimer Street in Bedford-Stuyvesant, Brooklyn. The Site is currently improved by a 19,700 SF retail strip comprising four spaces with three tenants that have termination clauses in place.
The Site is zoned R7D/C2-4, which permits a base FAR of 4.66 for residential/mixed-use, allowing up to ~207,370 ZFA, all of which may be free market, or 5.6x (249,200 ZFA) with a UAP housing bonus. Additionally, the Site sits in a Fresh Zone, which allows a developer to tap a ZFA bonus of up to 20,000 SF for grocery-specific tenants, resulting in a total project of ~269,200 ZFA. There may also be an opportunity to further increase the FAR through an MTA subway bonus.
- Prime Corner Development Opportunity
- Efficient Layout & Prominent Frontage
- Strong Residential Demand in Bedford-Stuyvesant
- Efficient Zoning
- Universal Affordability Preference (UAP)
- Proximity to the C Subway Line and the B25 Bus Line
Location
- Street address
- 1950 Fulton St
- County
- Kings County
- Elevation
- 65 feet
Property details
- Acreage
- 1.022 acres
- Source
- SharpLaunch
- Posted
Parcels
- 315481
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 20, 2026 | New listing | $42,500,000 | — | SharpLaunch |
