New York City · Commercial sale
Four Eighty Five buys 485 Fulton Street in Brooklyn for $83.5 million
An office building at 485 Fulton Street, Brooklyn sold for $83,500,000 on September 16, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $83,500,000
- Sold
- September 16, 2026
- Property type
- Office building
- Building area
- 130,450 sq ft
- Price per sq ft
- $640
- Year built
- 1921
An office building at 485 Fulton Street in Brooklyn sold for $83,500,000 on September 16, 2026, according to the New York City Department of Finance's ACRIS property records. The price was 72% above the recorded market value of $48,426,000, according to the department's records.
The deed covers 2 parcels, according to ACRIS property records. 485 Fulton Street is the largest one we could identify. The record lists Fulton Street Realty Venture, L.L.C as the seller and Four Eighty Five LLC as the buyer.
The NYC Department of Finance's records show 130,450 square feet of building area, a build year of 1921 and a 0.69-acre lot. The sale price works out to $640 per square foot.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in New York City?
By our estimate, the seller's two largest charges, not counting prorations, were $2,191,875 for the nYC real property transfer tax (commercial/other) and $334,000 for the nY State real estate transfer tax. Who pays what follows New York City custom.
How much did the seller net?
By our estimate, the seller netted about $81,846,877. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $84,825,634 at closing. That covers the full price and closing costs.
Run this net sheet with your numbers (free) See photos on Zillow
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026091700873001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
