Four-Story Mixed-Use Brooklyn
For Sale
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944 Fulton St, Brooklyn, NY 11238
Four-story mixed-use property in Brooklyn, 4,800 SqFt, 6.00% CAP.
Property Size4,800 SF
Price / SF$989.58
Days on Market205
Property Features for 944 Fulton St
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Retail, Multifamily, Mixed Use
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$315,000
Listing Agency:
Wingate Advisors
Listed By:
Ariel Ben Ezra · License #10311210512
Source:
Crexi
Added: Mar 19
Changed: Oct 1
Last Checked: Oct 7 at 12:58PM
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 Wingate Advisors
Investment Insights
Based on property information with market context.
The property at 944 Fulton Street is a four-story mixed-use building. It has a total area of 4,800 square feet and a capitalization rate of 6.00%.
Key Highlights
- 6.00% CAP Rate
- Four‑Story Mixed‑Use Property
- 4,800 SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,240
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,484,800
$3.5M
Cap Rate 7%
$2,489,143
$2.5M
Cap Rate 9%
$1,936,000
$1.9M
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$316.8K $66.00/SF
− Vacancy
−$38.0K −$7.92/SF
EGI
$278.8K $58.08/SF
− OpEx
−$104.5K −$21.78/SF
NOI
$174.2K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,484,800
Cap Rate 7%
$2,489,143
Cap Rate 9%
$1,936,000
Alternative Uses
Best Use
Mixed Use
$2.49M
$2.18M – $2.90M
NOI $174,240 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.97M
$3.48M – $4.64M
NOI $278,208 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,054
Businesses Nearby
Explore this area
Business Placement
Demographics for 11238, NY
60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story mixed-use property in Brooklyn, 4,800 SqFt, 6.00% CAP.
Where is this mixed-use property located?
The property is located at 944 Fulton St Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: 6.00% CAP Rate; Four‑Story Mixed‑Use Property; 4,800 SqFt
