Mixed-Use Building with Commercial
2005 FULTON ST Brooklyn, NY 11233
2005 FULTON ST, Brooklyn, NY, 11233
$1,100,000
For Sale
$1,100,000
Well-maintained mixed-use building with two residential apartments and one commercial space, plus a finished basement.
Property Size3,000 SF
Price / SF$366.67
Days on Market107
Property Features for 2005 FULTON ST
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1899
Listing agency
(212) 913-9058
Listed by
Compass
Source
Xome
Added: Apr 6 Updated: Jul 20 at 8:37PM Checked: Jul 21 at 3:01AM
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 Compass
Investment Insights
Based on property information with market context.
This well-maintained mixed-use building includes two residential apartments totaling 6 bedrooms and 4 full bathrooms, along with one commercial space currently in use. Reported improvements include updated plumbing, a roof in great condition, and solid electrical systems throughout. The property also features a finished basement with bonus rooms, adding additional usable space.
The building is located one block from the C train at Rockaway Avenue, providing convenient access to public transportation. It is positioned on a busy street with surrounding local shops, restaurants, and everyday conveniences. The current tenants are up to date on payments.
The building is located one block from the C train at Rockaway Avenue, providing convenient access to public transportation. It is positioned on a busy street with surrounding local shops, restaurants, and everyday conveniences. The current tenants are up to date on payments.
Key Highlights
- Mixed‑use building built in 1899 with two residential apartments and one commercial space
- Two residential units totaling 6 bedrooms and 4 full bathrooms
- Commercial space currently in use
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 | $169.9k | $56.64 |
| − Vacancy | −$3.4k | −$1.13 |
| EGI | $166.5k | $55.51 |
| − OpEx | −$74.9k | −$24.98 |
| NOI | $91.6k | $30.53 |
3,000 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$2.06M
$1.80M – $2.40M
NOI $143,864 @ 7.0% cap · market cap 13.08%
Second Best
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 9.55%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained mixed-use building with two residential apartments and one commercial space, plus a finished basement.
Where is this duplex located?
The property is located at 2005 FULTON ST Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Mixed‑use building built in 1899 with two residential apartments and one commercial space; Two residential units totaling 6 bedrooms and 4 full bathrooms; Commercial space currently in use
