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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

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.;
More about this property
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