Shell of Its Former Self, 925 Fulton Street For Sale
Poor 925 Fulton Street. This beautiful four-story building between Clinton and Waverly has been neglected for years, but is now getting another shot at life. After being in the same hands for more than three decades, the four-unit property traded back in 2005 for $200,000 and then again in 2007 for $953,000. According to the…
Poor 925 Fulton Street. This beautiful four-story building between Clinton and Waverly has been neglected for years, but is now getting another shot at life. After being in the same hands for more than three decades, the four-unit property traded back in 2005 for $200,000 and then again in 2007 for $953,000. According to the sign on the door, it’s for sale again. We tried calling the number (917-755-5461) but were unable to reach a human being. Does anyone know what the asking price is? How great would it be if someone would fix this place up. GMAP P*Shark
http://www.nyc.gov/html/sbs/html/neighborhood/bid.shtml
New York City is home to the nation’s largest, most comprehensive network of Business Improvement Districts (BIDs) in the country. The City’s 59 BIDs annually contribute over $80 million worth of services to more than 70,000 businesses in neighborhoods across the five boroughs.
A Business Improvement District is a formal organization made up of property owners and commercial tenants who are dedicated to promoting business development and improving an area’s quality of life. BIDs deliver supplemental services such as sanitation and maintenance, public safety and visitor services, marketing and promotional programs, capital improvements, and beautification for the area – all funded by a special assessment paid by property owners within the district. Since its inception over twenty years ago, the City’s BID program has contributed over $830 million in supplemental services to invigorate our neighborhoods.
That get funding from the city!!!!!!!!!!!!!!!!!!!!!!
The What
Someday this war is gonna end…
Link to some info about the BID. Correction, it is not yet finalized, there are still a few more steps in the final approval, but it is effectively a done deal. My point on the funding remains. It is funded by property owners in the BID, which is why it works. Ust look at Myrtle in the past 5 years since the institution of their BID (and there is not any subway access down that way!).
http://www.brooklynpaper.com/stories/31/23/31_23_biding_on_fulton_street.html
What, the BID is approved. The funding comes from the the property owners with street frontage in the BID, not from the City, that is how it works, in fact, that is why it works.
As to who regularly frequents the newer restaurants and businesses that have survived the past several years on Fulton Street, it is the locals, predominantly the newer residents.
I think that price is unrealistic considering the physical condition of the building.
I agree with dittobug. People who walk up and down this street and generally hang out on this street litter constantly. I see it every day, including from proprietors of some businesses. I don’t get it. Then again, I don’t think the littering people “get it” either with respect to much of what they are doing with their lives, both with respect to themselves, their families, and the larger community, but that is a whole other conversation…
” “newly transplanted A**hats” don’t support new business – I disagree. Good quality new places have survived over the past several years (Sister’s Hardware, Outpost, Kush, Olivino, Brown Betty, Cure Beauty Bar). Bodegas folded, due in large part to lease disputes at their other restaurant on DeKalb Avenue (the former Liquors) which lead to financial difficulties that caused both places to close.”
Most people go out and eat. They go to Park Slope and other places. I know this for a fact. BTW I know most of these owners and they tell me that they Asshats don’t support them.
The Au Tour du Monde will be closed down by the end of the year. Do anyone know how muck money it take to keep a restaurant open? Ask any Restaurant owner just because it”s looks crowed that doesn’t mean they are making money.
The stretch of Fulton St between Grand and Franklin will NEVER become anything!!!! It’s a dead area!
“Hopefully as that finishes and the BID gets into full swing with rubbish/trash removal and maybe street trees, it will become a more attractive stretch for pedestrians and new business.”
New York City will have a budget deficit of 2 Billion next year. Where are they going to find the money for a BID?????!!!! Wake up Asshats, you are using faulty information to make decisions!
The What
Someday this war is gonna end….
I called that number a couple of months ago just to find out the asking price. The gentleman on the phone wanted to know “who I was with,” I guess thinking that only some sort of corporate developer would call. When I said I was just looking for a home with my wife in the neigborhood he said “one point five” and pretty much hung up.
That place needs so much work, he’d be lucky to get what he paid for it. Which doesn’t make me optimistic about it changing hands again any time soon. How can he afford to just sit on a place he paid 953K for?
That restaurant a few doors down “Dajeh” opens this week…
If people stopped dropping litter and crap allo ver the place it wouldn’t look half so bad. That’d be an easy first step.
Asking price is $1.5 million according to craigslist ad:
$1500000 FULTON ST/PRIME BLOCK/MIX-USE/4 STORY/VACANT/AIR RIGHTS/PRICE REDUCED (FULTON ST – CLNT HILL / PROS HTS / FT GN) (map)
Folks this is the sort craziness, greed, and pure insanity that the What rants about and I happen to agree with him SOMETIMES.
IS this POS worth such massive mark up in price from 2005 to now?
This may be part of the reason Fulton remains such a dump.
Oh, and Greene Planet is nice as well.
We’ll see what goes into the bottom of the new “Fulton on Clinton” condos across from Met Foods.