3440 Fulton St Brooklyn, NY 11208
- Investment properties
- 3,258 SF
- 0.04 lot acres
Current Use by Public Records
- Dr. Bhavana R. Japi, MD / Internist
- Brugna Robert A / Nursing Agency
Property Details for 3440 Fulton St
- Year built
- 1915
- Lot size
- 0.04 lot acres
- Property size
- 3,258 SF
- Zone code
- R5
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 04150-0031
- APU
- 41500031
Description
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.
Value Estimation
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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
- -73.8688
- Latitude
- 40.6844
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
