FOR IMMEDIATE RELEASE: Rosenfeld and Edelkopf of Schuckman Realty Sell Brooklyn Retail Building
Brooklyn, NY; Schuckman Realty is pleased to announce the sale of a Retail building at 1290-1294 Fulton Street, Brooklyn, NY 11216.
The building is located on Fulton Street between Nostrand Avenue and New York Avenue and consists of 8,037 sqft mixed use office and retail building, and is sitting on 17,318 sqft of additional air rights.
The property was owner occupied by “The Fulton Stores” a local furniture store which has been in the space for 30+ Years who have vacated their space just before the closing.
The purchaser intends to divide the furniture store in to two retail spaces Retail 1 will be a 2,538 sqft + a 762 sqft mezzanine. and Retail 2 is 2,139 sqft and renovate the second floor storage to a 2,000 sqft second floor office space with a 300 sqft private lobby on the ground floor
The sale closed on December 15th and sold for $4,700,000 (585/SF). Larry Roberts of Arch Brokerage represented the seller and Joseph Rosenfeld and Baruch Edelkopf of Schuckman Realty represented the purchaser.
The Schuckman Realty Leasing team have Been retained to exclusively lease the vacant retail and office space. Please contact Baruch Edelkopf or Steven Hakakian should you have any questions regarding the space.
The spaces available are as follows.
Retail Space 1: 2,538 SF with a 762 SF Mezzanine
Retail Space 2: 2,139 SF
Second Floor Office: 2,600 SF
This is a densely populated area and Fulton Street is a thriving retail corridor with such tenants as Foodtown, Burger King, KFC, Dunkin Donuts, Applbees, Walgreens, City MD, McDonalds, Taco Bell, Santander Bank, Shake Shack and many more.
Contact exclusive brokers for leasing information:
Please reach out to the Schuckman Realty Investment sales team for all of your multi-family, mixed-use, development sites & retail deals in the NYC, Long Island & Tristate markets
About Schuckman Realty Inc.: Schuckman Realty is a full service commercial real estate services firm serving New York City, Long Island, New Jersey, and the surrounding tri-state area. The Investment Sales team at Schuckman Realty Inc. brings vast and nuanced market knowledge, insight, and ingenuity to your portfolio from inception to completion. Schuckman Realty offers expertise in determining a property’s best use in terms of value gains to investors, extensive research and vetting process, access to qualified buyers and a proven sales & marketing team with a creative approach to maximize value.
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