Current Use by Public Records
- Retail properties & Spaces
Property Details for 2004-06 Fulton St
- Year built
- 1920
- Property type
- Retail properties & Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional investment opportunity presents a two-building, mixed-use property located at 2004-06 Fulton Street in Brooklyn, New York, 11233. Built in 1920, this single-story property boasts a total square footage ranging from 25,200 to 33,600 square feet, offering significant potential for expansion or redevelopment. The property currently generates a strong Net Operating Income (NOI) of $92,062.55, resulting in an attractive 2.49% capitalization rate. The asking price is $3,700,000. The lot size offers 8,400 buildable square feet as of right, with an additional 11,200 square feet available through an inclusionary housing bonus. The property is zoned R7D and C2-4, providing flexibility for various uses. Its convenient location between Saratoga and Howard Avenues offers excellent accessibility, situated just 0.178 miles from the A and C subway lines at the Ralph Avenue & Fulton Street station, ensuring high visibility and foot traffic. This presents a rare chance to acquire a well-positioned, income-producing asset in a thriving Brooklyn neighborhood. The property's historical charm combined with its modern potential makes it an ideal investment for discerning buyers seeking strong returns and long-term growth.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9181
- Latitude
- 40.6785
