Mixed-Use Building with
For Sale
$1,780,000
3440 Fulton Street, Brooklyn, NY 11208
Residential Income, Brooklyn, NY
Property Size4,000 SF
Lot Size0.04 Acres
Price / SF$445
Days on Market346
Property Features for 3440 Fulton Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 4, Basement, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 7, Bedroom 6, Bathroom 3, Bathroom 5, Bathroom 1, Bedroom 4
Standard status
Active
APN
04150-0031
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17334
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1915
Number of units
6
Building materials
Brick
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Yanli Zhang · License #10401364927
(732) 687-6656
Added: Sep 12, 2025
Changed: Aug 20
Last Checked: Aug 23 at 6:06AM
MLS# 912408
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.
Investment Insights
Based on property information with market context.
Located at 3440 Fulton Street in Brooklyn, this brick mixed-use property combines a free-market five-family residential component with one commercial storefront. The building contains approximately 4,000 square feet, was constructed in 1915, and sits on a 20 x 90-foot lot with a 20 x 55-foot structure. R5 zoning applies.
Recent capital improvements include a new boiler and a roof replaced 3.5 years ago. Heating is provided by baseboard systems, with wall/window and window-unit cooling. The property has access to natural gas, public water, and public sewer. Shops, schools, parks, supermarkets, and multiple public transportation options are located nearby.
Recent capital improvements include a new boiler and a roof replaced 3.5 years ago. Heating is provided by baseboard systems, with wall/window and window-unit cooling. The property has access to natural gas, public water, and public sewer. Shops, schools, parks, supermarkets, and multiple public transportation options are located nearby.
Key Highlights
- Five‑family free‑market residence plus one commercial storefront
- Approximately 4,000 square feet on a 20 x 90‑foot lot
- 20 x 55‑foot brick structure constructed in 1915
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
$91,428
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
5.14%
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%
$1,828,560
$1.8M
Cap Rate 7%
$1,306,114
$1.3M
Cap Rate 9%
$1,015,867
$1.0M
Market Conditions
NOI Build-Up for 4,000 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
$172.8K $43.20/SF
− Vacancy
−$6.6K −$1.64/SF
EGI
$166.2K $41.56/SF
− OpEx
−$74.8K −$18.70/SF
NOI
$91.4K $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%
$1,828,560
Cap Rate 7%
$1,306,114
Cap Rate 9%
$1,015,867
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,428 @ 7.0% cap · market cap 5.14%
Second Best
Mixed Use
$1.19M
$1.04M – $1.38M
NOI $82,980 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,325 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,770
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-family residential space and a commercial storefront occupy this brick property with public utilities and R5 zoning.
Where is this mixed-use property located?
The property is located at 3440 Fulton Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: Five‑family free‑market residence plus one commercial storefront; Approximately 4,000 square feet on a 20 x 90‑foot lot; 20 x 55‑foot brick structure constructed in 1915
