Building Details

Year Built 1950

Buildings 1

Stories 2

Units 1

Tenancy Multi

Listing Agency: Brown Harris Stevens

Listed By: Kervin Vales · License #109918089 Show Phone

Source: Crexi

Added: Mar 14 Changed: Oct 15 Last Checked: Oct 16 at 7:41AM

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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

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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.

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 / Yr

$87,975

Cap Rate

3.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,759,500 $1.8M

Cap Rate 7%

$1,256,786 $1.3M

Cap Rate 9%

$977,500 $977.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,760 SF

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 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 (±1% cap)

NOI $388,400 @ 7.0% cap · market cap 14.12%

Second Best

Mixed Use

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $87,975 @ 7.0% cap · market cap 3.20%

Theoretical Best

Specialty Retail

$6.87M

$6.01M – $8.02M (±1% cap)

NOI $480,902 @ 7.0% cap · market cap 17.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage Real Estate Agency Auto Parts Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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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