Mixed-Use Property in
For Sale
$1,099,000
Pending
2148 Fulton St, Brooklyn, NY 11233
Mixed-use building with store and two apartments, delivered vacant.
Property Size3,000 SF
Lot Size0.04 Acres
Days on Market315
Property Features for 2148 Fulton St
General Information
Standard status
Pending
Size
3,000 SF
Lot size
0.04 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$3,470
Building Details
Building Size
3,000 SF
Year Built
1927
Stories
3
Listed By:
Michael McGuire
(718) 258-1222
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 27
Last Checked: Oct 7 at 12:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael McGuire
Investment Insights
Based on property information with market context.
This mixed-use property in Brooklyn features a store and two apartments. The building requires work and will be delivered vacant.
Key Highlights
- Vacant Possession: Allows immediate occupancy or renovation.
- Mixed‑Use Property: Store plus 2 apartments offers diverse income potential.
- Renovation Opportunity: Customize and increase value.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,587
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,740
$1.8M
Cap Rate 7%
$1,308,386
$1.3M
Cap Rate 9%
$1,017,633
$1.0M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$169.9K $56.64/SF
− Vacancy
−$3.4K −$1.13/SF
EGI
$166.5K $55.51/SF
− OpEx
−$74.9K −$24.98/SF
NOI
$91.6K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,740
Cap Rate 7%
$1,308,386
Cap Rate 9%
$1,017,633
Alternative Uses
Best Use
Retail
$2.06M
$1.80M – $2.40M
NOI $143,864 @ 7.0% cap · market cap 13.09%
Second Best
Mixed Use
$1.56M
$1.36M – $1.82M
NOI $108,900 @ 7.0% cap · market cap 9.91%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 15.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,021
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with store and two apartments, delivered vacant.
Where is this mixed-use property located?
The property is located at 2148 Fulton St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Vacant Possession: Allows immediate occupancy or renovation.; Mixed‑Use Property: Store plus 2 apartments offers diverse income potential.; Renovation Opportunity: Customize and increase value.
