PRESS RELEASE: Avison Young named exclusive sales agent for mixed-use building in Clinton Hill, Brooklyn3 Feb 2021
4-story property has been recently renovated, 100% occupied
New York, NY – The Tri-State Investment Sales Group for Avison Young announced they have been named exclusive sales agent to market 1004 Fulton Street, a 5,280-square-foot mixed-use building in Brooklyn's Clinton Hill neighborhood. The asking price for the property is $4.9 million.
The four-story building is comprised of six recently renovated residential units, all occupied, along with a newly signed, long-term leased retail unit on the first floor.
An Avison Young team led by Senior Director Brandon Polakoff, Associate Director Fritz Richter, and Associate Jeremy Stenberg is marketing the property on behalf of ownership.
"Clinton Hill has quickly become one of Brooklyn's trendiest neighborhoods and newly renovated 1004 Fulton Street make this one of the most attractive investment opportunities in the area," said Polakoff. "On top of its location and excellent condition, the property benefits from a COVID-19 proof tenant that recently signed a new lease. We are pleased to be able to bring this amazing property to market."
1004 Fulton is located in the intersection of various up and coming neighborhoods including Bedford Stuyvesant, Crown Heights, and Prospect Heights. The property is also close to multiple dining and entertainment options as well as both Prospect Park and Fort Greene Park. The building is also minutes away from the A, C, G, and S subway lines.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2020 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for nine consecutive years.
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