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Commercial Sale in Brooklyn, New York, Brooklyn, NY 11216 | Web ID: 967517 | $2,100,000

 
Commercial Sale in New York - Fulton  Brooklyn, NY 11216Commercial Sale Fulton  Brooklyn, NY 11216, MLS-967517-2Commercial Sale Fulton  Brooklyn, NY 11216, MLS-967517-3Commercial Sale Fulton  Brooklyn, NY 11216, MLS-967517-4Commercial Sale Fulton  Brooklyn, NY 11216, MLS-967517-5Commercial Sale Fulton  Brooklyn, NY 11216, MLS-967517-6Commercial Sale Fulton  Brooklyn, NY 11216, MLS-967517-7Commercial Sale Fulton  Brooklyn, NY 11216, MLS-967517-8Commercial Sale Fulton  Brooklyn, NY 11216, MLS-967517-9Commercial Sale Fulton  Brooklyn, NY 11216, MLS-967517-10Commercial Sale Fulton  Brooklyn, NY 11216, MLS-967517-11
 

Property Description

1223 Fulton Street, Brooklyn, Ny 11216 Prime Mixed-use Investment Property / Fully Occupied / Strong Cash Flow Property Overview Exceptional Income-producing Mixed-use Building Located Along One Of Brooklyn's Most Vibrant And Active Commercial Corridors- Fulton Street. This Property Features (3) Spacious Two-bedroom Apartments And (3) Spacious One-bedroom Apartments Also (1) Huge Commercial Retail Space On Ground-floor, Offering Investors A Well Balanced And Diversified Income Stream In A Thriving And Rapidly Appreciating Neighborhood. Investment Summary Asking Price $2, 100.000 Current Monthly Rent Roll: $16, 309 Annual Gross Income: $195, 708 Current Cap Rate: Approx. 6.99% (all Residential And Retail Units Fully Leased) Residential Units Are Under Rent Control . Configuration: 6 Residential Units + 1 Retail Units Zoning: Mixed-use (residential + Commercial) Property Highlights Turnkey Income Producer: Fully Leased And Generating Immediate Returns. : Strong Rental Demand With Opportunity For Future Rent Growth. One Established Retail Tenants: Stable, Long-term Businesses Providing Consistent Cash Flow. Strong In-place Income: $195, 708 Annual Rent Roll With Low Operating Expenses. Solid Brick Construction: Well-maintained Structure With Dependable Systems And Minimal Maintenance Needs. Low Management Burden: Ideal For Passive Investors Or 1031 Exchange Buyers Or Owner -users Looking To Add A Solid Income-producing Asset In A Growing Neighborhood. Location Advantage Situated 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, 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 Outlook With Nyc’s Rental Market At Record Highs And Brooklyn’s Mixed-use Assets In Constant Demand, 1223 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. Summary A True Brooklyn Investment Gem Offering Both Income And Upside — Fully Occupied, Established Commercial Tenants, And Prime Location Within A Dynamic Retail Corridor. 1223 Fulton Street Stands As A Testament To Enduring Value And Urban Opportunity — An Investment Built For Today’s Returns And Tomorrow’s Appreciation.

Property Information

Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Commercial Sale
Tax $18,503.00
Year Built 1910
Basement Full
Construction Block, Brick, Stucco
Total Units 7
Lot SqFt 2,000
Cooling Wall/Window Unit(s)
Heat Source Baseboard, Electric,
Util Incl Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Days On Market 32
Parking Features Off Street
Tax Assessed Value 469350
Units 7
School District Brooklyn 13
Middle School Restoration Academy
Elementary School Ps 3 Bedford Village
High School Bedford Academy High School
Listing information courtesy of: Exit Realty Continental

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