Mixed-Use Development
For Sale
$1,200,000
2719 Fulton St, Brooklyn, NY 11207
C4-4L zoned site with EC-6 overlay and prior filings for a six-story mixed-use building.
Property Size1,250 SF
Days on Market58
Property Features for 2719 Fulton St
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Commercial
Zoning
C4-4L
Taxes and HOA fees
Annual Taxes
$11,989
Building Details
Building Size
1,250 SF
Year Built
1999
Listing Agency:
Baring Homes Corp
(347) 951-6729
Listed By:
Abhijit Singh
(347) 951-6729
Source:
Elliman
Added: Jun 20
Changed: Aug 12
Last Checked: Aug 16 at 6:56AM
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 Baring Homes Corp
Investment Insights
Based on property information with market context.
This mixed-use development site at 2719 Fulton St, Brooklyn, NY 11207 is presented in a C4-4L zoning district with an EC-6 Enhanced Commercial Overlay. Prior plans have been filed for a six-story mixed-use building with approximately 7,853 square feet of development, including residential and commercial components. Buyers are encouraged to perform their own due diligence regarding zoning, FAR, development rights, and permitted uses.
The property is positioned in East New York along Fulton Street, described as a bustling retail corridor with strong retail exposure and high pedestrian traffic. Transit access is highlighted with nearby J/Z subway lines, and the provided mobility metrics indicate very bikeable and walker’s paradise conditions, along with rider’s paradise for transit.
For developers, investors, and owner-users, the combination of an established commercial avenue, transit convenience, and existing filed redevelopment plans can support a range of mixed-use concepts within the governing zoning framework. The offering is best suited for parties comfortable underwriting zoning parameters and confirming what uses and site configurations are allowed through their own due diligence.
The property is positioned in East New York along Fulton Street, described as a bustling retail corridor with strong retail exposure and high pedestrian traffic. Transit access is highlighted with nearby J/Z subway lines, and the provided mobility metrics indicate very bikeable and walker’s paradise conditions, along with rider’s paradise for transit.
For developers, investors, and owner-users, the combination of an established commercial avenue, transit convenience, and existing filed redevelopment plans can support a range of mixed-use concepts within the governing zoning framework. The offering is best suited for parties comfortable underwriting zoning parameters and confirming what uses and site configurations are allowed through their own due diligence.
Key Highlights
- C4‑4L zoning district with EC‑6 Enhanced Commercial Overlay.
- Plans previously filed for a six‑story mixed‑use building; approximately 7,853 SF of development proposed.
- BikeScore 73 (Very Bikeable), WalkScore 90 (Walker’s Paradise), and TransitScore 100 (Rider’s Paradise).
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
$59,943
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
5.00%
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%
$1,198,860
$1.2M
Cap Rate 7%
$856,329
$856.3K
Cap Rate 9%
$666,033
$666.0K
Market Conditions
NOI Build-Up for 1,250 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
$97.2K $77.76/SF
− Vacancy
−$11.6K −$9.25/SF
EGI
$85.6K $68.51/SF
− OpEx
−$25.7K −$20.55/SF
NOI
$59.9K $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 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%
$1,198,860
Cap Rate 7%
$856,329
Cap Rate 9%
$666,033
Alternative Uses
Best Use
Retail
$856.3K
$749.3K – $999.1K
NOI $59,943 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$905.6K – $1.21M
NOI $72,450 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,978
Businesses Nearby
139k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 41%
Groceries 5%
Hotels & Casinos 2%
McDonald's
Dining
37,754 visits/mo
0.2 miles
BP
Shops & Services
23,215 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
19,139 visits/mo
0.1 miles
Shell
Shops & Services
8,338 visits/mo
0.3 miles
Citibank
Shops & Services
7,860 visits/mo
0.3 miles
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
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?
Retail space - C4-4L zoned site with EC-6 overlay and prior filings for a six-story mixed-use building.
Where is this retail space located?
The property is located at 2719 Fulton St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: C4‑4L zoning district with EC‑6 Enhanced Commercial Overlay.; Plans previously filed for a six‑story mixed‑use building; approximately 7,853 SF of development proposed.; BikeScore 73 (Very Bikeable), WalkScore 90 (Walker’s Paradise), and TransitScore 100 (Rider’s Paradise).
