Brooklyn-based developer Jacob Fulop is lining up his next project in the borough.
Fulop filed plans with the Department of Buildings for a 120-unit project at 1445 Fulton Street, Crain’s reported. The project would span 76,000 square feet and rise 12 stories, reaching 119 feet tall.
The project is also expected to include ground-floor retail space. The building only has 80 units in the plan, but Fulop stated in the filing that he plans 120 units for the lot, suggesting he will put the remainder of the units on the adjacent lots he owns.
Fulop purchased 1445 Fulton Street, 1439 Fulton Street and 484 Tompkins Avenue last April for $5.5 million. He has since filed to demolish the trio of low-rise buildings at those addresses, but this is the first time Fulop filed plans for a new building on the lot.
Fulop did not respond to the outlet’s request for comment.
Downtown Brooklyn is pacing the city in residential development. The neighborhood is slated to add more than 1,300 residential units across nine projects, according to an analysis by The Real Deal of new building permits filed with the New York City Department of Buildings from June 14, 2024, through June 10, 2025.
Fulop in February sold a rental building at 322 East 93rd Street on the Upper East Side to Japanese investor Masaki Tsuda for $10.5 million.
Three years ago, an affiliate of Acuity Capital Partners sold a warehouse at 545 Broadway in Williamsburg for $23 million to Broadway Square NYC LLC, connected to Fulop.
At the time of sale, there was a four-story warehouse spanning more than 52,000 square feet. The property was last sold in 2018 for $22.4 million. A 400,000-square-foot, mixed-use development was in the works as of early 2020, but there haven’t been any public updates since then.
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