Mixed-Use Building with
3255 Fulton Street, Brooklyn, NY 11208
For Sale
$1,500,000
Commercial Sale, Brooklyn, NY
Property Size7,250 SF
Lot Size0.06 Acres
Price / SF$206.90
Days on Market50
Property Features for 3255 Fulton Street
General Information
Property type
Property subtype
Rooms
Basement
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
High Ceilings
Finished Basement
3 Phase Power
All New LED Lighting
A/C
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License NY #1020151
(516) 279-8828
Added: Sep 25
Changed: Oct 5
Last Checked: Nov 13 at 11:06PM
MLS# 1043556
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 7,250-square-foot mixed-use building contains three units: storefront/office space and two apartments, including a four-bedroom, two-bath unit and a three-bedroom, two-bath unit. The commercial space is listed at 2,500 square feet, with an additional 2,500-square-foot lower level. A finished basement, high ceilings, three-phase power, multi-unit air conditioning, and LED lighting are among the building features. The property was built in 1920 and occupies a 0.0601-acre lot. Zoning is R6B/C2-4.
The building is on Fulton Street in Brooklyn’s Cypress Hills area, a few blocks from Rockaway Boulevard and Conduit Boulevard. JFK Airport is approximately 15 minutes away. Nearby businesses include Chase Bank, USPS, Stop & Shop, CVS, and McDonald’s.
The two apartments have different lease statuses: the four-bedroom unit’s lease expires in 2027, while the three-bedroom apartment is available. The storefront/office lease runs through 2031. The stated cap rate is 8.54.
The building is on Fulton Street in Brooklyn’s Cypress Hills area, a few blocks from Rockaway Boulevard and Conduit Boulevard. JFK Airport is approximately 15 minutes away. Nearby businesses include Chase Bank, USPS, Stop & Shop, CVS, and McDonald’s.
The two apartments have different lease statuses: the four-bedroom unit’s lease expires in 2027, while the three-bedroom apartment is available. The storefront/office lease runs through 2031. The stated cap rate is 8.54.
Key Highlights
- 7,250‑square‑foot building on a 0.0601‑acre lot
- Three units: storefront/office space and two apartments
- R6B/C2‑4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,444
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,668,880
$2.7M
Cap Rate 7%
$1,906,343
$1.9M
Cap Rate 9%
$1,482,711
$1.5M
Market Conditions
NOI Build-Up for 7,250 SF
Gross rent
$208.8K $28.80/SF
− Vacancy
−$18.2K −$2.51/SF
EGI
$190.6K $26.29/SF
− OpEx
−$57.2K −$7.89/SF
NOI
$133.4K $18.41/SF
Area
ZIP 11208
Vacancy
8.70%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,668,880
Cap Rate 7%
$1,906,343
Cap Rate 9%
$1,482,711
Alternative Uses
Best Use
Mixed Use
$2.15M
$1.88M – $2.51M
NOI $150,401 @ 7.0% cap · market cap 10.03%
Second Best
Retail
$1.91M
$1.67M – $2.22M
NOI $133,444 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$4.44M
$3.88M – $5.18M
NOI $310,527 @ 7.0% cap · market cap 20.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,645
Businesses Nearby
269k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 38%
Groceries 12%
Electronics 4%
McDonald's
Dining
30,359 visits/mo
0.3 miles
Wendy's
Dining
27,662 visits/mo
0.2 miles
Capital One Bank
Shops & Services
18,839 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
17,803 visits/mo
0.2 miles
White Castle
Dining
16,588 visits/mo
0.4 miles
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
$638,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The three-unit layout combines storefront and office space with two apartments and a finished basement.
Where is this mixed-use property located?
The property is located at 3255 Fulton Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7,250‑square‑foot building on a 0.0601‑acre lot; Three units: storefront/office space and two apartments; R6B/C2‑4 zoning
