Two years’ prior, Brooklyn’s Union Ferry Company had terminated service from this location due to the declining number of ferry commuters. This occurred in part because the early 1900s saw a rise in alternate means of available transportation including automobiles and newly constructed bridges spanning the East River between Brooklyn and Manhattan. The Brooklyn Bridge opened in 1883, followed by the Williamsburg Bridge in 1903, and the Manhattan Bridge in 1912. On October 8, 1925, the Fulton Ferry Terminal was destroyed in a massive two-alarm fire. The fireboat house was built the following year.

During the 1930s, the house was occupied by Fireboat Engine 77, the tower used to dry out the wet firehoses. In 1959, the station changed to Marine Company 7 and remained in operation until 1970.

From 1976 to 1982 the boathouse served as headquarters to the Fulton Ferry Museum and National Maritime Historical Society.

Today it is home to the flagship store of Ample Hills Creamery.