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    1263 Fulton St Brooklyn, NY 11216

    Sponsored
    For Sale
    $3,300,000

    Prime Brooklyn storefront, multi-tenant income.

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 1263 Fulton Street in Brooklyn, New York, presents a lucrative investment opportunity. The three-story building, constructed in 1910 and encompassing 2,000 square feet, boasts a prime retail storefront and two 2-bedroom apartments. Currently operating at 100% occupancy, the property generates substantial income. The ground floor storefront commands a monthly rent of $7,500, while the two apartments rent for $2,100 and $2,000 respectively, under a modified lease structure with a remaining term of 5 years and 3% annual rent bumps. The property is zoned C4-5D, offering flexibility for future development. Annual expenses include $27,000 in taxes, $3,800 in insurance, and $4,000 in water costs. The building sits on a 20x100 foot lot. This multi-tenant investment property is offered at $3,300,000 and represents a strong return on investment in a highly desirable Brooklyn location. The property's strong cash flow, prime location, and existing tenant base make it an ideal acquisition for savvy investors seeking a stable and appreciating asset. The three units provide a diversified income stream, mitigating risk and maximizing potential returns.

    Property Features for 1263 Fulton St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,000 SF

    Building Details

    Year Renovated
    1910
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • Prime retail location, mixed‑use building for sale at $3,000,000.
    • 2,000 SF retail space plus basement, generating $7,500 monthly rent.
    • Two 2‑bedroom apartments, renting for $2,100 and $2,000 per month respectively.
    • Annual property taxes: $27,000.
    • Annual insurance: $3,800.
    • Annual water expense: $4,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    BideshiTV Entertainment Press Media House Halal restaurant kakatua Halal Restaurant TAQWA DELI GROCERY ... Grocery Store Joe's Boutique Clothing Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.95078
    Latitude
    40.68071

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    FAQs

    What type of property is this?
    Individual retail property - Prime Brooklyn storefront, multi-tenant income.
    Where is this individual retail property located?
    The property is located at 1263 Fulton St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: Prime retail location, mixed-use building for sale at $3,000,000.; 2,000 SF retail space plus basement, generating $7,500 monthly rent.; Two 2-bedroom apartments, renting for $2,100 and $2,000 per month respectively.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1263 Fulton St Brooklyn, NY 11216
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