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64 Fulton Street

64 Fulton St, New York, NY 10038, United States

64 Fulton Street

40,000 SF Cash Flowing Office Building with Potential for a Residential Conversion

Access Data Room
Net Operating Income
$1.36 T
Square Feet
41.98 K Sq. Ft.
Property Type
OfficeMultifamily
Deal Type
Acquisition
Risk Profile
CoreValue-AddOpportunistic

Cushman & Wakefield is pleased to announce it has been retained on an exclusive basis to arrange for the sale of 64 Fulton Street. The subject property is a corner office and commercial building located in the heart of Manhattan’s Financial District. This 41,983 square foot property presents investors with a number of potential investment routes given its cash flow, zoning, and conversion potential.

 

64 Fulton Street is currently comprised of 4 retail tenants with 3 on the ground floor and 1 on the second floor, 3 residential units throughout the building, and 37 office units on the upper floors. With three faces of the building’s façade exposed to meet light and air requirements and a strong in-place cash flow, this corner lot is a unique opportunity for a covered land residential conversion down the road.

 

Located on the bustling Fulton Street corridor, the property benefits from a high volume of foot and vehicular traffic making it attractive for investors. In addition, the property is easily accessible by public transportation, with several subway lines and bus stops such as the 2 A line located just steps away.