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A blog for breaking sales and neighborhood real estate news.

A commercial building at 1471-1477 Fulton Street, located between Tompkins and Throop Avenues in Brooklyn’s Stuyvesant Heights neighborhood, was sold in an all-cash transaction valued at $2,000,000.

The two-story building contains approximately 10,000 square feet and sits on a 61’ x 90’ irregular lot.  Previously occupied by one commercial tenant, the property was delivered vacant and benefits from additional air rights for potential residential development.  The sale price equates to approximately $200 per square foot.

This transaction was handled exclusively by Massey Knakal’s Michael Amirkhanian.

Click here for press release

Neighborhoods: Stuyvesant Heights