Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2019
Building Area
Number of units 39

Property description

JLL Has been hired on an exclusive basis to sell 840 Fulton Street, a newly constructed, fully amenitized, luxury boutique apartment building located in the highly desirable Clinton Hill neighborhood. The 40-unit elevator building offers outstanding access to public transportation and a wide array of employment drivers, bars and restaurants, shopping and attractions. The Property benefits from a 421-a tax benefit and 80% free market units. Upon expiration of the 421-a abatement, the Property will be entirely free market offering significant upside for generational owners, or a value-add strategy for future purchasers. 

Investment highlights

39 Luxury Apartments

Studio, 1BR and 2BR layouts and in-unit washer/dryer. 31 units are free-market, while the remainder revert to free-market upon expiration of the 421-a benefit


1 Ground-Floor Retail Space

The corner retail is leased to Wholesome Farms Market through 2034. The store is an essential and recession resistant business, bringing groceries to the local community. 


421-a Tax Benefit

80% free market units. Upon expiration of the 421-a abatement, the Property will be entirely free market offering significant upside for generational owners, or a value-add strategy for future purchasers. 


Building Amenities

As part of the premisses, residents enjoy access to the common roof deck, indoor lounge, gym and bike storage. The building also offers a common laundry room in addition to the in-unit washer/dryers.

Last Updated Date: 19 Aug 2021
Stephen Palmese
Stephen Palmese
Vice Chairman
Broker Licenses
NY-10311208021
Winfield Clifford
Winfield Clifford
Managing Director, Capital Markets
Broker Licenses
NY-10401264454

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Last Updated Date: 19 Aug 2021

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