Corner Five-Family Apartment
For Sale
$1,780,000
3440 Fulton Street, Brooklyn, NY 11208
MULTI_FAMILY - Brooklyn, NY
Property Size4,000 SF
Lot Size0.04 Acres
Price / SF$445
Days on Market325
Property Features for 3440 Fulton Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 5, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 2
Standard status
Active
APN
04150-0031
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17334
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1915
Number of units
6
Building materials
Brick
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Yanli Zhang
(732) 687-6656
Added: Sep 12, 2025
Changed: Jul 30
Last Checked: Aug 2 at 8:06AM
MLS# 912408
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
3440 Fulton Street is a corner brick income-producing building featuring a free-market five-family residence plus one commercial storefront. The structure measures 20 x 55 ft. on a 20 x 90 ft. lot and is zoned R5.
Recent upgrades include a new boiler and a roof replaced about 3.5 years ago. Heating is provided via baseboard, with cooling through wall/window and window unit(s). The property has natural gas available, with public water and public sewer.
The mix of residential and storefront space is designed for an owner seeking an income stream from both uses, with convenience to local shops, schools, parks, supermarkets, and multiple public transportation options.
Recent upgrades include a new boiler and a roof replaced about 3.5 years ago. Heating is provided via baseboard, with cooling through wall/window and window unit(s). The property has natural gas available, with public water and public sewer.
The mix of residential and storefront space is designed for an owner seeking an income stream from both uses, with convenience to local shops, schools, parks, supermarkets, and multiple public transportation options.
Key Highlights
- Corner brick building with five‑family residence plus one commercial storefront
- Zoned R5
- Structure size 20 x 55 ft. on a 20 x 90 ft. lot
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.8k | $43.20 |
| − Vacancy | −$6.6k | −$1.64 |
| EGI | $166.2k | $41.56 |
| − OpEx | −$74.8k | −$18.70 |
| NOI | $91.4k | $22.86 |
4,000 SF · lease $43.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,428 @ 7.0% cap · market cap 5.14%
Second Best
Retail
$1.05M
$920.3K – $1.23M
NOI $73,624 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,325 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,793
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Corner brick five-family building plus one commercial storefront, zoned R5 in Brooklyn.
Where is this apartment building located?
The property is located at 3440 Fulton Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: Corner brick building with five‑family residence plus one commercial storefront; Zoned R5; Structure size 20 x 55 ft. on a 20 x 90 ft. lot
