When you’re at the cross-roads of a rapidly gentrifying neighborhood, a 120 percent price increase in less than two years may be perfectly reasonable. That’s what the group that paid $850,000 for this mixed use property at Fulton and Waverly in August 2005 is hoping as they slap a $1.9 million price tag on the property. Given the upzoning of Fulton and the fact the the property is only currently built to a 0.89 FAR, don’t be surprised to a significant addition to this place within the next couple of years, something to match the Scarano sliver that’s going up next door. Since we bet that the four one-bedroom apartments have some entrenched tenants, we’re hopeful that the old building won’t be torn down. Any thoughts on whether this asking price is achievable?
884 Fulton Street [Ronda Savoy] GMAP P*Shark