Two-Story Mixed-Use
For Sale
Contact for pricing
1546 Fulton St Brooklyn, Ny, NY 11216
Vacant property combining ground-floor retail space with a three-bedroom residential unit requiring substantial renovation.
Property Size2,760 SF
Price / SF$996.38
Days on Market172
Property Features for 1546 Fulton St Brooklyn
General Information
Standard status
Active
Size
2,760 SF
Class
B
Property subtype
Mixed Use
Zoning
R7D
Investment Type
Redevelopment
Property Condition
Severity
Major Repairs Needed
Evidence
gut renovation
Building Details
Year Built
1950
Buildings
1
Stories
2
Units
1
Tenancy
Multi
Listing Agency:
Brown Harris Stevens
(212) 396-8244
Listed By:
Kervin Vales · License #109918089
Source:
Crexi
Added: Mar 14
Changed: Aug 30
Last Checked: Sep 1 at 7:40PM
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 Brown Harris Stevens
Investment Insights
Based on property information with market context.
This 2,760-square-foot mixed-use building measures 30 feet wide and extends across two stories. The ground level contains two store spaces, while the upper floor is configured as a three-bedroom apartment. The residential area requires gut renovation, and the overall property is vacant and positioned for renovation and development work.
Constructed in 1950, the property is designated R7D. Its existing retail-and-residential arrangement provides a defined starting point for a purchaser evaluating the building’s next phase.
Constructed in 1950, the property is designated R7D. Its existing retail-and-residential arrangement provides a defined starting point for a purchaser evaluating the building’s next phase.
Key Highlights
- 2,760‑square‑foot mixed‑use building
- 30‑foot‑wide building with two stories
- Two ground‑floor store spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,975
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,759,500
$1.8M
Cap Rate 7%
$1,256,786
$1.3M
Cap Rate 9%
$977,500
$977.5K
Market Conditions
NOI Build-Up for 2,760 SF
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.
Gross rent
$165.6K $60.00/SF
− Vacancy
−$24.8K −$9.00/SF
EGI
$140.8K $51.00/SF
− OpEx
−$52.8K −$19.13/SF
NOI
$88.0K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,759,500
Cap Rate 7%
$1,256,786
Cap Rate 9%
$977,500
Alternative Uses
Best Use
Retail
$5.55M
$4.86M – $6.47M
NOI $388,400 @ 7.0% cap · market cap 14.12%
Second Best
Mixed Use
$1.26M
$1.10M – $1.47M
NOI $87,975 @ 7.0% cap · market cap 3.20%
Theoretical Best
Specialty Retail
$6.87M
$6.01M – $8.02M
NOI $480,902 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,310
Businesses Nearby
139k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 40%
Electronics 3%
McDonald's
Dining
37,615 visits/mo
0.1 miles
Dollar Tree
Shops & Services
23,117 visits/mo
0.3 miles
BP
Shops & Services
16,007 visits/mo
0.5 miles
Sunoco
Shops & Services
14,076 visits/mo
0.4 miles
7-Eleven
Shops & Services
13,294 visits/mo
0.4 miles
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant property combining ground-floor retail space with a three-bedroom residential unit requiring substantial renovation.
Where is this mixed-use property located?
The property is located at 1546 Fulton St Brooklyn Ny, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 2,760‑square‑foot mixed‑use building; 30‑foot‑wide building with two stories; Two ground‑floor store spaces
