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Daten Group Developing Abandoned Gas Station into High Rise Residence

November 5, 2014
Proposed building for 840 Fulton Street in Clinton Hill

Proposed building for 840 Fulton Street in Clinton Hill

Long-term Clinton Hill gas station owner Fulvan Realty LLC just sold a vacant gas station to a Daten Group affiliate. The New York City developer purchased the property at 840 Fulton Street in Clinton Hill for $7.4 million. The plan is to turn the 6,724-square-foot property into a seven-story, 40,000-square-foot tower with 38 residential units and 5,000 square-feet of commercial space.

The deal closed on September 30 and includes 3,464 square-feet of air rights from the property next door. Approximately 20 percent of the residential space will be designated as affordable apartments.

The cost of the project is estimated at $20 million, and KBA Architects are handling the building design. It is expected that construction will begin in the early months of 2015 with the hope of completion in March 2017.

“There is a tremendous demand for residential in this area,” said Craig Rosenman, director of acquisitions for the Daten Group. “With its close proximity to public transportation into Manhattan, this site will be highly desirable for both residential and retail tenants.”

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