Bridge & Fulton Development Site

Jones Lang LaSalle (“JLL”) has been exclusively retained to arrange the sale of the Bridge & Fulton Development Site, located at 485 Fulton Street and 147 Lawrence Street, Brooklyn, NY 11201 (the “Property” or “Site”). Located in the heart of Downtown Brooklyn, the Bridge and Fulton Development Site offers both scale and optionality. The Site boasts a 33,153 SF footprint on the northeast corner of Fulton and Lawrence Streets, and extends through to Bridge Street. With a total UAP ZFA of 356,369 SF, the Site is perfectly positioned to construct three sub-99-unit rental buildings along Fulton and Lawrence Streets, and one 156-unit condo building with frontage on Bridge Street. The rental buildings are set to benefit from the 485-X and City of Yes incentives, while the condominium project will be driven by strong fundamentals and deep market demand.

Residents will be able to enjoy convenient access to Lower Manhattan, reachable in under 10 minutes, and Midtown, accessible in under 25 minutes. The location is enhanced by its proximity to major subway stations, including Hoyt Street Station (2, 3 trains), a 1-minute walk away (200 ft.); Jay Street – MetroTech Station (N,R,W,A,C, F trains), a 2-minute walk away (0.1 miles); Borough Hall Station (4, 5 trains), a 5-minute walk away (0.2 miles), and Dekalb Avenue Station (B,D,N,Q,R, W trains), a 6-minute walk away (0.3 miles).

This Property presents a compelling investment opportunity within Downtown Brooklyn, a neighborhood characterized by robust growth. The area’s market dynamics are exceptionally favorable, as residential demand has considerably outstripped new construction over the past decade. Downtown Brooklyn’s retail environment is flourishing, attracting significant attention from major national brands seeking to capitalize on the area’s affluent and well-educated residents. The Site’s location provides convenient access to a wide range of prominent retailers, including Apple, Trader Joe’s, Equinox and Whole Foods. The combination of these factors—strong market fundamentals, excellent transportation links, a vibrant retail scene, and the Property’s inherent attributes—makes it a standout investment in one of Brooklyn’s most sought-after locations.