11
See all 11 photos
$2,100,000
Est. payment /mo
2,178 Sqft Lot
Open Sun 2PM-4PM
1223 Fulton ST Brooklyn, NY 11216
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Https://realtormls.properties/ .
info@realtormls.propertiesOpen House
Sun Apr 26, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 967517
Rental Info No
Year Built 1910
Annual Tax Amount $18,503
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type Multi Family
Source onekey2
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.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full
Interior
Heating Baseboard, Electric, Natural Gas
Cooling Wall/Window Unit(s)
Flooring Hardwood
Fireplace No
Exterior
Parking Features Off Street
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Block,Brick,Stucco
Schools
Elementary Schools Ps 3 Bedford Village
Middle Schools Restoration Academy
High Schools Brooklyn 13
School District Brooklyn 13
Others
Special Listing Condition None
Listed by Exit Realty Continental • Mohammed Rasel
Nearby Locations
GET MORE INFORMATION
Https://realtormls.properties/ .