485 Fulton Street, Brooklyn
Commercial · built c. 1921 · Block 152, Lot 6.
Building permits
- New Building — Tower, filed Aug 13, 2026, 99 units, 27 stories, described as “(please assign to dev hub to the same examiner as job #B01444271-I1 and B01444273-I1 as this is one zoning lot with one owner and applicant) PROPOSED NEW 27 STORY AND CELLAR MIXED USE BUILDING”
- Demolition, filed Aug 16, 2026, estimated cost $1.0M, described as “Full demolition to a four story building”
- Alteration, filed Oct 20, 2025, estimated cost $74K, described as “Interior demolition job only on the 2nd floor and 2 retail stores at 001 as per plans submitted, no change in use, egress or occupancy”
- Alteration, filed Feb 27, 2025, estimated cost $9K, described as “Installation of 300PSF sidewalk shed as per plans. All equipment shall comply with ch #33 of the NYC code 2022. No change in use, occupancy or egress under this application.”
- Alteration, filed Nov 8, 2023, estimated cost $18K, described as “Interior demolition job only on the 3rd floor as per plans submitted , no change in use, egress or occupancy”
- Alteration, filed Nov 4, 2023, estimated cost $9K, described as “Proposed installation of temporary fence as per plans. No change in use occupancy or egress under this application.”
- Alteration, filed Oct 26, 2023, estimated cost $8K, described as “Installation of temp. construction fence only to repair exterior stucco @20Dt above ground, no change in use, egress or occupancy”
- Alteration, filed Sep 21, 2023, estimated cost $348K, described as “Renovation of lobby area located at 001 as per plans filed , no change in use, egress or occupancy”
- Alteration, filed Feb 8, 2021, estimated cost $6K, described as “Installation of heavyduty sidewalk shed as per plans. No change in use occupancy or egress under this application. Sidewalk shed shall comply with chapter 33 of the 2014 NYC building code.”
- Alteration, filed Nov 28, 2017, estimated cost $18K, described as “Install illuminated wall sign (children's place)”
- Alteration, filed Nov 28, 2017, estimated cost $18K, described as “Install illuminated wall sign (children's place)”
Property taxes
- Assessment
- $21,791,700
- 2026–27 tax
- $2,363,964
- Market value (city estimate)
- $48,426,000
- Taxable value
- $21,791,700
- Assessed land
- $3,559,500
- Assessed improvements
- $18,232,200
Zoning
C6-4.5: floor area ratio 4.33 built, 12.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Sep 16, 2026: $83,500,000, 130,450 sq ft, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- LIVINGWELL LADY FITNESS CENTER (City Planning P1986K1189): Completed. 86-323K: CHANGE OF A COMMERICIAL SPACE TO A PHYSICAL CULTURE ESTABLISHMENT. TB152. TL6.
- HRA DIVISION OF AIDS OFFICE (City Planning P1993K0014): Completed, decided Aug 31, 1992. ACQUIRE APPROX 30,000SF ON P/O THE 4TH & THE ENTIRE 5TH*FLOOR TO HOUSE A FIELD OFFICE FOR EMPLOYEES
- Proposed Extension of the Downtown Brooklyn BID (City Planning 2027K0210): Business improvement district, In Public Review. An action to facilitate a merger of 2 Business Improvement Districts (BID) and 1 Special Assessment District (SAD). The merger of the MetroTech Area BID, Court-Livingston-Schermerhorn BID and Fulton Mall SAD in Downtown Brooklyn, Community…
In the news
Rendering Revealed for 396-Unit Development at 485 Fulton Street in Downtown Brooklyn, New York YIMBY, Sep 23, 2026.