Three-Unit Building in
2222 Fulton St Brooklyn, NY 11233
For Sale
Contact for pricing
Three-story, three-unit building with two-bedroom apartments.
Property Size2,400 SF
Price / SF$625
Days on Market1204
Property Features for 2222 Fulton St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multifamily
Listing Agency:
Brown Harris Stevens
(212) 396-8244
Listed By:
Kervin Vales · License #109918089
Source:
Crexi
Added: Apr 14, 2023
Changed: Jul 6
Last Checked: Jul 29 at 10:35AM
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 Brown Harris Stevens
Investment Insights
Based on property information with market context.
This is a 20-foot wide, three-story building containing three units. Each apartment features a two-bedroom floor-through layout, complete with a full kitchen, bathroom, and a combined living and dining area. The property is equipped with individual meters for both electricity and gas. The first-floor unit includes access to the basement and backyard.
Key Highlights
- Three 2‑bedroom floor‑through units
- 20’ wide building
- Individually metered for electric and gas
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 | $122.4k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $120.1k | $50.03 |
| − OpEx | −$36.0k | −$15.01 |
| NOI | $84.1k | $35.02 |
2,400 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 4.88%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-story, three-unit building with two-bedroom apartments.
Where is this triplex located?
The property is located at 2222 Fulton St 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: Three 2‑bedroom floor‑through units; 20’ wide building; Individually metered for electric and gas
