Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    348 Fulton St Brooklyn, NY 11201-5109

    • Retail space
    • 1,334 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0857488
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Starbucks / Cafe & Coffee Shop

    Property Details for 348 Fulton St

    Year built
    1920
    Lot size
    0.03 lot acres
    Property size
    1,334 SF
    Zone code
    C64.5
    Property type
    Retail space
    APN
    00153-0014
    APU
    1530014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $450,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $533,000
      Market price range: $84.1k - $534k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9886
    Latitude
    40.6917
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $43,517
    $131,850
    $279,000
    $410,850
    -
    $293,000
    $620,000
    $913,000

    Comparable in this City

    • Value Estimation
      $4,365,000
      43,269 SF

      11 Hoyt St, Unit RU

      RETAIL STORES (PERSONAL SERVICES) • 43,269 SF
      11 Hoyt St, Brooklyn, NY 11201-5832
      View Details
    • Value Estimation
      $8,290,000
      18,034 SF

      474 Fulton St, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 18,034 SF
      474 Fulton St, Brooklyn, NY 11201-5323
      View Details
    • Value Estimation
      $590,000
      800 SF

      80 Henry St

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      80 Henry St, Brooklyn, NY 11201-1712
      View Details
    • Value Estimation
      $4,705,000
      49,856 SF

      239 Atlantic Ave, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 49,856 SF
      239 Atlantic Ave, Brooklyn, NY 11201-5703
      View Details
    • Value Estimation
      $20,805,000
      37,396 SF

      365 Brg Stcomm

      RETAIL STORES (PERSONAL SERVICES) • 37,396 SF
      365 Brg Stcomm, Brooklyn, NY 11201-3807
      View Details
    • Value Estimation by Request
      381 SF

      192 Water St Ste C

      RETAIL STORES (PERSONAL SERVICES) • 381 SF
      192 Water St Ste C, Brooklyn, NY 11201-1197
      View Details

    Similar Nearby for Sale

    • $4,150,000
      11,162 SF

      Smith Street Development Opportunity

      Approved plans for a 5-story, 7-unit elevator building.
      157 Smith St, Brooklyn, NY 11201
      View Details
    • $7,500,000
      Pending

      Landmark Brooklyn Heights Mixed-Use Building

      Iconic mixed-use building with residential units and commercial storefronts.
      138 Montague St, Brooklyn, NY 11201
      View Details
    • $4,500,000
      3,802 SF

      Brooklyn Mixed-Use Investment Opportunity

      Fully occupied Brooklyn property with residential and commercial units.
      145 Atlantic Ave, Brooklyn, NY 11201
      View Details
    • $3,600,000

      Downtown Brooklyn Mixed-Use Property

      Mixed-use property in Downtown Brooklyn near transit and amenities.
      145 Smith St, Brooklyn, NY 11201
      View Details
    • $168,000

      Renovated Thai Restaurant in Brooklyn

      Turn-key Thai restaurant for sale in Brooklyn, NY.
      204 Smith St, Brooklyn, NY 11201
      View Details
    • $1,295,000

      Brooklyn Multifamily Residential Opportunity

      Multifamily property for sale in Brooklyn.
      66 Montague St, Brooklyn, NY 11201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Prime Brooklyn Executive Office Space

      2,100 SF, Ground Floor Retail/Office
      142 Montague St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      2,090 SF

      Prime Retail Space Near Subway

      Retail space in residential tower, near subway station.
      1 Boerum Pl, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      2,354 SF

      Brooklyn Retail Space for Lease

      Prime retail space in vibrant Brooklyn neighborhood, 2354 square feet.
      318 Warren St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      3,900 SF

      Newly Renovated Retail Space

      Renovated retail space available for rent in Brooklyn.
      453 Fulton St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      9,000 SF

      Brooklyn Retail Space Near Subway

      Retail space in Brooklyn Heights, near Brooklyn Bridge.
      220 Cadman Plz W, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      4,500 SF

      Brooklyn Retail Space For Rent

      Ground floor retail space in prime Brooklyn location.
      51 Bergen St, Brooklyn, NY 11201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    348 Fulton St
    Brooklyn, NY 11201-5109
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.