3225 Fulton Street,Brooklyn, NY 11208
Brooklyn, NY 11208
Description
3225 FULTON STREET, BROOKLYN, NY 11208PRIME MIXED-USE INVESTMENT PROPERTY | FULLY OCCUPIED | STRONG CASH FLOWPROPERTY OVERVIEWExceptional income-producing mixed-use building located along one of Brooklyn’s most vibrant and active commercial corridors Fulton Street.This property features (4) spacious two-bedroom apartments and (2) ground-floor retail stores, offering investors a well-balanced and diversified income stream in a thriving and rapidly appreciating neighborhood.INVESTMENT SUMMARYAsking Price: $3,250,000Current Monthly Rent Roll: $18,000Annual Gross Income: $216,000Current Cap Rate: Approx. 6.6%Pro Forma Cap Rate: 7.5% - 8.0% (based on achievable market rents)Occupancy: 100% (All residential and retail units fully leased)Configuration: 4 Residential Units + 2 Retail UnitsZoning: Mixed-Use (Residential + Commercial)PROPERTY HIGHLIGHTSTurnkey Income Producer: Fully leased and generating immediate returns.Free-Market Apartments: Strong rental demand with opportunity for future rent growth.Two Established Retail Tenants: Stable, long-term businesses providing consistent cash flow.Strong In-Place Income: $216,000 annual rent roll with low operating expenses.Upside Potential: Market rents indicate achievable pro forma income of $240,000+ annually.Solid Brick Construction: Well-maintained structure with dependable systems and minimal maintenance needs.Low Management Burden: Ideal for passive investors or 1031 exchange buyers.LOCATION ADVANTAGESituated along Fulton Street, one of Brooklyn’s most historic and continuously developing retail arteries, this property benefits from exceptional visibility, heavy foot traffic, and easy transit access.Near A, C, J, and Z subway lines and multiple MTA bus routes.Surrounded by retail, dining, schools, and residential density driving strong tenant retention.Minutes from key neighborhood hubs, community developments, and new mixed-use projects that continue to elevate property values.High-demand rental area offering long-term appreciation and sustained occupancy.INVESTMENT OUTLOOKWith NYC’s rental market at record highs and Brooklyn’s mixed-use assets in constant demand, 3225 Fulton Street presents a rare opportunity to secure a performing, high-yield property in an established yet upward-trending corridor.This asset delivers:Immediate Cash Flow from day one.Strong Long-Term Growth Potential through rent appreciation.Diversified Stability across residential and retail income streams.Whether expanding your Brooklyn portfolio or seeking a secure 1031 exchange replacement property, this investment combines cash flow, stability, and location the core fundamentals of any high-performing NYC asset.SUMMARYA true Brooklyn investment gem offering both income and upside fully occupied, free-market residential units, established commercial tenants, and prime location within a dynamic retail corridor.3225 Fulton Street stands as a testament to enduring value and urban opportunity an investment built for today’s returns and tomorrow’s appreciation.
Details
| MLS # | 935394 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 298 |
| Listing Provided By | HomeSmart Premier Living Rlty | Adelbin Imani |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 4,992 |
| Basement | Y |
| Units | 6 |
| Acreage | 0.06 |
Interior
| Cooling | Ductless |
|---|---|
| Heating | Baseboard, Electric, Natural Gas |
| Interior Features | Natural Woodwork, Open Kitchen, Quartz/Quartzite Counters, Recessed Lighting, Smart Thermostat |
Exterior
| Construction Materials | Brownstone |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 266400 |
| Tax Annual Amount | 12841.32 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11208 |
| Listing VS Median (in 11208) | |
Price: $2,889,000 low | high Med: $899,000 sqft: 4,992 low | high Med: 1,817 $ / sqft: $579 low | high Med: $505 On site: 298 low | high Med: 92.5 | |
Market Activity 11208
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11208 |
| Listing VS Median (in 11208) | |
Price: $2,889,000 low | high Med: $899,000 sqft: 4,992 low | high Med: 1,817 $ / sqft: $579 low | high Med: $505 On site: 298 low | high Med: 92.5 | |
