3371 Fulton St | Brooklyn, NY 11208
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3371 Fulton St
Brooklyn, NY 11208
Retail Property For Sale
Investment Highlights
- Situated on strong retail corridor with high pedestrian traffic and proximity to Highland Park and John F. Kennedy International Airport.
- Conveniently located near several transportation options such as the ‘J’ & ‘Z’ trains at the Crescent St Station one block away.
Executive Summary
3-unit mixed-use building on the northwest corner of Fulton Street and Hemlock Street in Cypress Hills. Easy-to-manage asset with strong cash flow and low operating costs. Recently renovated building with two one-bedroom apartments above a modern food market and full
basement. Entirely free market and 100% occupied. $250,000 in recent capital improvement.
basement. Entirely free market and 100% occupied. $250,000 in recent capital improvement.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,878 SF
Building Class
C
Year Built
1920
Price
$1,290,000
Price Per SF
$687
Cap Rate
6.59%
NOI
$84,986
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.79
Lot Size
0.02 AC
Zoning
R5 - Residential
Frontage
96 FT on Fulton Street
PROPERTY TAXES
| Parcel Number | 04131-0013 | Improvements Assessment | $23,220 |
| Land Assessment | $10,260 | Total Assessment | $33,480 |
PROPERTY TAXES
Parcel Number
04131-0013
Land Assessment
$10,260
Improvements Assessment
$23,220
Total Assessment
$33,480
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