Developable Corner Prop in Fort Greene

As noted earlier this week by blogger Set Speed, the property at 690-694 Fulton Street, at the center of Fort Greene’s hustle bustle, is on the market with good ole Jerry Minsky. Asking $3.5 million, the triangular shaped corner property looks like it has four stores as well as three floors of existing apartments. The listing claims there are air rights in place which, mentioned in the same breath as the fact that the location is not landmarked, suggests the potential for some develoment action. Not knowing the size of the air rights, it’s hard to comment on the listing price, but we do think that the the value of the commercial spaces will only increase over time. When the inevitable development does occur, we just hope it’s done with a little style and taste that respects the neighboring brick, and in one case, cast iron architecture. Wishful thinking, we know.
Fulton Street Prime [Corcoran]
Entire Lot for Sale [Set Speed]