Corner Multifamily with Retail
3440 Fulton Street Brooklyn, NY 11208
3440 Fulton Street, Brooklyn, NY, 11208
$1,980,000
For Sale
$1,980,000
Corner property with a five-family residence and one commercial storefront, with new boiler and roof installed 3.5 years ago.
Property Size3,258 SF
Lot Size0.04 Acres
Price / SF$607.73
Days on Market1205
Property Features for 3440 Fulton Street
General Information
- Standard status
- Active
- Size
- 3,258 SF
- Lot size
- 0.04 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1915
Listing agency
Prospes Real Estate Corp
(718) 321-2800
Listed by
Jiangwei Zhou · License #10301222821
(718) 321-2800
Source
Compass
Added: Apr 5, 2023 Updated: Jul 21 at 5:55AM Checked: Jul 21 at 5:55AM
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 Prospes Real Estate Corp
Investment Insights
Based on property information with market context.
This corner property includes a free-market five-family house and one commercial store. The building measures 20 by 55 and sits on a 20 by 90 lot. The property is zoned R5 and is described as totaling 4,000 square feet. New boiler and roof are reported to be approximately 3.5 years old.
Located at 3440 Fulton Street in Brooklyn, it’s positioned close to shops, schools, parks, supermarkets, and public transportation.
For buyers seeking a mixed residential-income setup, this configuration pairs multiple residential units with a dedicated commercial storefront within the same parcel under an R5 zoning designation.
Located at 3440 Fulton Street in Brooklyn, it’s positioned close to shops, schools, parks, supermarkets, and public transportation.
For buyers seeking a mixed residential-income setup, this configuration pairs multiple residential units with a dedicated commercial storefront within the same parcel under an R5 zoning designation.
Key Highlights
- Corner property at 3440 Fulton Street with a free‑market five‑family house and one commercial store
- Totals 4,000 SF; building measures 20x55 on a 20x90 lot
- Zoned R5
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 | $140.7k | $43.20 |
| − Vacancy | −$5.3k | −$1.64 |
| EGI | $135.4k | $41.56 |
| − OpEx | −$60.9k | −$18.70 |
| NOI | $74.5k | $22.86 |
3,258 SF · lease $43.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$930.9K – $1.24M
NOI $74,468 @ 7.0% cap · market cap 3.76%
Second Best
Retail
$856.7K
$749.6K – $999.5K
NOI $59,967 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$1.99M
$1.74M – $2.33M
NOI $139,545 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Bhavana R. ...
Physician
Brugna Robert A
Employment Agency
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FAQs
What type of property is this?
Apartment building - Corner property with a five-family residence and one commercial storefront, with new boiler and roof installed 3.5 years ago.
Where is this apartment building located?
The property is located at 3440 Fulton Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Corner property at 3440 Fulton Street with a free‑market five‑family house and one commercial store; Totals 4,000 SF; building measures 20x55 on a 20x90 lot; Zoned R5
