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Property profile

2440 Fulton St Brooklyn, NY 11207

OFF-MARKET
Retail properties & Spaces
View Sample
400,000 SF

Property summary

AI-generated overview

This exceptional commercial property at 2440 Fulton Street in East New York, Kings County, offers 77,429 square feet of immediately available space within a 400,000 square foot mixed-use building. The building features a variety of office and retail spaces, with units ranging from a minimum of 3,000 square feet to a maximum contiguous space of 27,492 square feet, perfect for businesses of all sizes. Ceiling heights range from 12 to 26 feet, providing ample space and flexibility for various layouts. The property benefits from its strategic location in the Broadway Junction submarket cluster, providing convenient access to multiple bus and subway lines, as well as proximity to the Jackie Robinson Parkway. Ample parking is available with 300 spaces on-site. This development is part of a city initiative to foster commercial growth in emerging markets, with a significant portion of the building already leased to the Human Resources Administration (HRA) for 21 years, bringing an estimated 1,200 employees and 1,800 daily visitors. This substantial anchor tenant ensures high foot traffic and a vibrant atmosphere, making this an ideal location for businesses seeking exposure and growth opportunities in a rapidly developing area. The remaining available space presents a unique opportunity to establish a presence in a thriving and strategically important location.

Property profile

Verified
Property type Retail properties & Spaces
Total area 400,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Home Health Care Service
  • Hospital
  • Home Health Care Service
  • Home Health Care Service

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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