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    3440 Fulton St Brooklyn, NY 11208

    Sponsored
    For Sale
    $1,980,000

    Prime Brooklyn location, high NOI, strong cap rate.

    Property size:
    1,776 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional mixed-use investment property, located at 3440 Fulton Street in Cypress Hills, Brooklyn, NY 11208, presents a compelling opportunity. The property, situated on a 0.044-acre lot (20' x 90'), features a three-story building totaling 1,776 square feet, constructed in 1915. Currently configured as a six-unit property (three residential units and three commercial units), it offers a strong net operating income (NOI) of $116,800, resulting in a 6.56% capitalization rate. The asking price is $1,980,000, translating to $1,002.25 per square foot. The property benefits from a R5 zoning designation and is conveniently located near shops, schools, parks, supermarkets, and public transportation. Tenants are credit-rated, providing financial stability. This is a net lease investment with a modified lease type. The building dimensions are 20' x 55'. This corner property offers significant potential for rental increases and represents a solid addition to any investment portfolio. The property is owned by Fulton Foundation Realty LLC. The Kings County property has an APN of 3415031.

    Property Features for 3440 Fulton St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,776 SF
    Lot Size
    1,917 SF

    Building Details

    Year Built
    1915
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • Prime corner lot, five‑unit multifamily investment property with one commercial retail space.
    • Free‑market rents with significant upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Bhavana R. ... Internist Brugna Robert A Nursing Agency

    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
    -73.8688189
    Latitude
    40.684504

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Brooklyn location, high NOI, strong cap rate.
    Where is this mixed-use property located?
    The property is located at 3440 Fulton St 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: Prime corner lot, five-unit multifamily investment property with one commercial retail space.; Free-market rents with significant upside potential.;
    (646) 812-2151
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    3440 Fulton St Brooklyn, NY 11208
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    Brooklyn, NY 11208
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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
    3440 Fulton St Brooklyn, NY 11208
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