Building Details

Building Size 2,880 SF

Year Built 1910

Buildings 1

Stories 3

Tenancy Single

Listing Agency: Skynado LLC h***@skynadollc.com Show Phone

Listed By: Irene Tai Show Phone

Source: Croninreale

Added: Sep 21 Changed: Oct 25 Last Checked: Oct 23 at 4:13PM

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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 Skynado LLC

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Investment Insights

Based on property information with market context.

This three-story mixed-use property contains 2,880 square feet, with a commercial storefront at street level and two full-floor apartments on the upper levels. The three units are occupied, and the building dates to 1910. Zoning is R7D.

Located at 1552 Fulton Street in Brooklyn, the property is steps from the Kingston–Throop A/C subway station. The address is 1552 Fulton Street, Brooklyn, NY 11216.

Key Highlights

• Three units: one commercial storefront and two full‑floor apartments
• 2,880 square feet across three stories
• All three units are occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$138,109

Cap Rate

7.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,762,180 $2.8M

Cap Rate 7%

$1,972,986 $2.0M

Cap Rate 9%

$1,534,544 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,880 SF

Gross rent

$223.9K $77.76/SF

− Vacancy

−$26.6K −$9.25/SF

EGI

$197.3K $68.51/SF

− OpEx

−$59.2K −$20.55/SF

NOI

$138.1K $47.95/SF

Area

Brooklyn, NY

Vacancy

11.90%

Lease Rate

$77.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,762,180

Cap Rate 7%

$1,972,986

Cap Rate 9%

$1,534,544

Alternative Uses

Best Use

Retail

$1.97M

$1.73M – $2.30M (±1% cap)

NOI $138,109 @ 7.0% cap · market cap 7.67%

Second Best

Mixed Use

$1.49M

$1.31M – $1.74M (±1% cap)

NOI $104,544 @ 7.0% cap · market cap 5.81%

Theoretical Best

Specialty Retail

$2.38M

$2.09M – $2.78M (±1% cap)

NOI $166,925 @ 7.0% cap · market cap 9.27%

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

Property Analytics

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Current Use

Jam1 Restaurant Brooklyn Edge ESL Training Center

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

2

Residential units

100%

Occupancy

Single-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

4,753

Businesses Nearby

Explore this area Business Placement

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 Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two occupied residential apartments sit above a ground-floor commercial space.

Where is this mixed-use property located?

The property is located at 1552 Fulton Street Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,799,999.

What are key features of this property?

This property features: Three units: one commercial storefront and two full‑floor apartments; 2,880 square feet across three stories; All three units are occupied