Brooklyn Mixed-Use Investment
For Sale
$2,889,000
3225 Fulton St, Brooklyn, NY 11208
Fully occupied mixed-use building with strong cash flow in Brooklyn.
Property Size4,992 SF
Lot Size0.06 Acres
Days on Market167
Property Features for 3225 Fulton St
General Information
Standard status
Active
Size
4,992 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$12,841
Building Details
Building Size
4,992 SF
Year Built
1915
Units
6
Listing Agency:
(917) 348-8919
Listed By:
Adelbin Imani
(917) 348-8919
Source:
Elliman
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 24 at 10:23AM
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 Adelbin Imani
Investment Insights
Based on property information with market context.
Located on Fulton Street in Brooklyn, this mixed-use property features four two-bedroom apartments and two ground-floor retail stores. The property is fully occupied and offers a diversified income stream. The property is located along a commercial corridor. The current monthly rent roll is $18,000, resulting in an annual gross income of $216,000. The current cap rate is approximately 6.6%, with a pro forma cap rate of 7.5% to 8.0% based on achievable market rents. This property is located in a thriving and rapidly appreciating neighborhood.
Key Highlights
- Fully occupied mixed‑use building with strong cash flow
- Located on Fulton Street, a vibrant and active commercial corridor in Brooklyn
- Features (4) two‑bedroom apartments and (2) ground‑floor retail stores
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
$114,103
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
3.95%
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%
$2,282,060
$2.3M
Cap Rate 7%
$1,630,043
$1.6M
Cap Rate 9%
$1,267,811
$1.3M
Market Conditions
NOI Build-Up for 4,992 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
$215.7K $43.20/SF
− Vacancy
−$8.2K −$1.64/SF
EGI
$207.5K $41.56/SF
− OpEx
−$93.4K −$18.70/SF
NOI
$114.1K $22.86/SF
Area
ZIP 11208
Vacancy
3.80%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
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%
$2,282,060
Cap Rate 7%
$1,630,043
Cap Rate 9%
$1,267,811
Alternative Uses
Best Use
Apartment 5plus
$1.63M
$1.43M – $1.90M
NOI $114,103 @ 7.0% cap · market cap 3.95%
Second Best
Mixed Use
$1.48M
$1.29M – $1.73M
NOI $103,559 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,814 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,645
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied mixed-use building with strong cash flow in Brooklyn.
Where is this mixed-use property located?
The property is located at 3225 Fulton St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,889,000.
What are key features of this property?
This property features: Fully occupied mixed‑use building with strong cash flow; Located on Fulton Street, a vibrant and active commercial corridor in Brooklyn; Features **(4) two‑bedroom apartments** and **(2) ground‑floor retail stores**
