Three-Story Mixed-Use
3043 Fulton St Brooklyn, NY 11208
For Sale
$1,625,000
Three-story mixed-use property with two residential units, a storefront, and finished basement space for flexible business use.
Property Size2,392 SF
Price / SF$679.35
Days on Market55
Property Features for 3043 Fulton St
General Information
- Standard status
- Active
- Size
- 2,392 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1930
Listing Agency:
REAL ESTATE CLASSIC, LLC
(917) 528-1894
Listed By:
Pedro Salas
(917) 528-1894
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 26 at 7:39AM
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 REAL ESTATE CLASSIC, LLC
Investment Insights
Based on property information with market context.
This three-story mixed-use building offers two newly updated residential apartments above a spacious commercial storefront. Each apartment features three bedrooms and one bathroom, soaring 9-foot ceilings, private balconies, and split-system air conditioning, creating a modern, comfortable layout. The commercial component includes approximately 1,196 sq. ft. on the first floor and an additional approximately 1,196 sq. ft. in the finished basement. The basement has high ceilings and is legally equipped with three half-bathrooms, supporting a range of back-of-house and customer-facing configurations.
Located at 3043 Fulton St in Brooklyn, NY 11208, the property benefits from excellent transit access, with a transit score of 76 reported. Public remarks note advertising exposure to thousands of daily commuters traveling along the J train line. The rooftop includes an independent electric meter, providing a standalone utility setup that can support advertising use.
The building is being sold with active lease agreements currently in place, generating approximately $12,000 in monthly rental income, according to the provided information. This mix of income-producing residential units and an on-site commercial storefront with finished basement space may appeal to operators and investors looking for a combined live/work or multi-income structure within one asset.
Located at 3043 Fulton St in Brooklyn, NY 11208, the property benefits from excellent transit access, with a transit score of 76 reported. Public remarks note advertising exposure to thousands of daily commuters traveling along the J train line. The rooftop includes an independent electric meter, providing a standalone utility setup that can support advertising use.
The building is being sold with active lease agreements currently in place, generating approximately $12,000 in monthly rental income, according to the provided information. This mix of income-producing residential units and an on-site commercial storefront with finished basement space may appeal to operators and investors looking for a combined live/work or multi-income structure within one asset.
Key Highlights
- Three‑story mixed‑use building (built 1930) with 2 residential apartments and a commercial storefront
- Each apartment features 3 bedrooms and 1 bathroom, 9‑foot ceilings, private balconies, and split‑system air conditioning
- Commercial space includes approx. 1,196 SF on the first floor plus approx. 1,196 SF in a finished basement
Financial Insights For Multifamily LT 5
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 | $91.9k | $38.40 |
| − Vacancy | −$4.1k | −$1.73 |
| EGI | $87.7k | $36.67 |
| − OpEx | −$26.3k | −$11.00 |
| NOI | $61.4k | $25.67 |
2,392 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$877.2K
$767.6K – $1.02M
NOI $61,404 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$781.1K
$683.4K – $911.2K
NOI $54,674 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,453 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Paradise Cannabis
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Three-story mixed-use property with two residential units, a storefront, and finished basement space for flexible business use.
Where is this duplex located?
The property is located at 3043 Fulton St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Three‑story mixed‑use building (built 1930) with 2 residential apartments and a commercial storefront; Each apartment features 3 bedrooms and 1 bathroom, 9‑foot ceilings, private balconies, and split‑system air conditioning; Commercial space includes approx. 1,196 SF on the first floor plus approx. 1,196 SF in a finished basement
