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    Brooklyn Mixed-Use Income Property Title is generated by Realmo AI

    3440 Fulton Street, Brooklyn, NY 11208

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    Claim this Listing
    For Sale
    $1,780,000

    MULTI_FAMILY - Brooklyn, NY

    Property size:
    4,000 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $445/SF
    Added:
    Sep 12, 2025
    Days on Market:
    275
    Last Refresh:
    Jun 13 at 7:06 pm

    Property Features for 3440 Fulton Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    6
    Rooms
    Bedroom 7, Bathroom 1, Bedroom 6, Bathroom 5, Basement, Bedroom 1, Bathroom 6, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 4
    Standard status
    Active
    APN
    04150-0031
    Size
    4,000 SF
    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
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1915
    Number of units
    6
    Building materials
    Brick

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    Listing Contact
    Yanli Zhang
    Yanli Zhang

    Listing agent Yanli Zhang

    Listing office EXP Realty 70 E Sunrise Hwy Ste 500, Hauppauge, NY

    Listing date Sep 12, 2025

    MLS# 912408 Listing URL

    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.

    HighLights

    • Income‑producing corner property: 5‑family residence plus 1 commercial storefront
    • Approximately 4,000 sq. ft. building; footprint 20 x 55 ft.
    • 20 x 90 ft. lot; zoned R5
    • Recent upgrades include new boiler and roof replaced about 3.5 years ago
    • Utilities/services: natural gas available, public water, public sewer
    • Heating and cooling: baseboard heat; window and wall/window unit A/C

    Overview

    Located in Brooklyn, this corner property at 3440 Fulton Street is an income-producing building featuring a free-market five-family residence plus one commercial storefront. The building totals approximately 4,000 sq. ft. The structure measures 20 x 55 ft. and is situated on a 20 x 90 ft. lot. Zoned R5, the property offers both stability and potential for growth. Recent upgrades include a new boiler and a roof replaced 3.5 years ago. The property is positioned near shops, schools, parks, supermarkets, and multiple public transportation options, combining convenience with long-term investment value.

    Local 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 (±1% cap)
    NOI $91,428 @ 7.0% cap · market cap 5.14%
    Second Best
    Mixed Use
    $1.19M
    $1.04M – $1.38M (±1% cap)
    NOI $82,980 @ 7.0% cap · market cap 4.66%
    Theoretical Best
    Office A
    $2.45M
    $2.14M – $2.86M (±1% cap)
    NOI $171,325 @ 7.0% cap · market cap 9.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Bhavana R. ... Physician Brugna Robert A Employment Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.868798
    Latitude
    40.684382

    FAQs

    What type of property is this?
    Mixed-use property - Income-generating Brooklyn property with five apartments and one commercial space.
    Where is this mixed-use property 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: Income‑producing corner property: 5‑family residence plus 1 commercial storefront; Approximately 4,000 sq. ft. building; footprint 20 x 55 ft.; 20 x 90 ft. lot; zoned R5
    More about this property
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