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Single Family House for Sale in Brooklyn, New York, Brooklyn, NY 11208 | Web ID: 935394 | $2,889,000

 
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Property Description

3225 Fulton Street, Brooklyn, Ny 11208 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 (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 Summary Asking Price: $3, 250, 000 Current Monthly Rent Roll: $18, 000 Annual Gross Income: $216, 000 Current 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 Units Zoning: Mixed-use (residential + Commercial) Property Highlights Turnkey 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 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, 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 Outlook With 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. Summary A 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.

Property Information

Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Single Family House for Sale
Tax $12,841.00
Bedrooms 8
Total Baths 4
Full Baths 4
Year Built 1915
Basement Unfinished
Construction Brownstone
Total Units 6
Lot SqFt 2,789
Cooling Ductless
Heat Source Baseboard, Electric,
Util Incl Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Days On Market 76
Parking Features None
Tax Assessed Value 266400
Units 6
Features Natural woodwork, open kitchen, quartz/quartzite counters, recessed lighting, smart thermostat
Listing information courtesy of: HomeSmart Premier Living Rlty

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