1341 Fulton Street
Bedford Stuyvesant | Verona Place & Marcy Avenue
Ownership
Mixed Use
Lot Size
20'x80'
Floors/Apts
3/2
Status
Active
Real Estate Taxes
[Per Annum]
$ 3,144
Building Type
Low-Rise
Building Size
20'x50'
Year Built
1910
Property Description
1341 Fulton Street is a fully occupied corner mixed-use building on one of Brooklyn's most bustling commercial corridors, offered at a 6.5 percent cap rate with strong in-place cash flow and meaningful unused air rights.
The commercial space is a ground-floor corner storefront spanning 1,000 SF wit h an additional 1,000 SF basement - currently occupied by an established business with over a decade of continuous operation at this location. The commercial lease carries 3 percent annual rent escalations. Three residential apartments occupy the upper floors: a 1-bedroom duplex, a junior one-bedroom, and a studio. Renters pay their own heat, keeping operating costs lean and NOI strong.
Gross annual income of $162,820 supports a net operating income of approximately $143,845 after taxes, insurance, water and sewer, and BID charges. The property is self-managed with no current vacancy.
Located at the corner of Fulton Street and Verona Place, the building benefits from high pedestrian and vehicular visibility in both directions. Transit access is exceptional: The LIRR is two blocks away; the A/C express at Nostrand Avenue is one block .
Unused FAR under R7D/C2-4 zoning presents a clear path to expansion for an owner-user or long-term hold investor. The property is well suited for a 1031 exchange.
All information deemed reliable but not guaranteed. Prospective purchasers are advised to independently verify all figures.
1341 Fulton Street is a fully occupied corner mixed-use building on one of Brooklyn's most bustling commercial corridors, offered at a 6.5 percent cap rate with strong in-place cash flow and meaningful unused air rights.
The commercial space is a ground-floor corner storefront spanning 1,000 SF wit h an additional 1,000 SF basement - currently occupied by an established business with over a decade of continuous operation at this location. The commercial lease carries 3 percent annual rent escalations. Three residential apartments occupy the upper floors: a 1-bedroom duplex, a junior one-bedroom, and a studio. Renters pay their own heat, keeping operating costs lean and NOI strong.
Gross annual income of $162,820 supports a net operating income of approximately $143,845 after taxes, insurance, water and sewer, and BID charges. The property is self-managed with no current vacancy.
Located at the corner of Fulton Street and Verona Place, the building benefits from high pedestrian and vehicular visibility in both directions. Transit access is exceptional: The LIRR is two blocks away; the A/C express at Nostrand Avenue is one block .
Unused FAR under R7D/C2-4 zoning presents a clear path to expansion for an owner-user or long-term hold investor. The property is well suited for a 1031 exchange.
All information deemed reliable but not guaranteed. Prospective purchasers are advised to independently verify all figures.
Listing Courtesy of Douglas Elliman Real Estate
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Apartment Features
A/C
Building Details [1341 Fulton Street]
Ownership
Mixed Use
Service Level
Voice Intercom
Access
Walk-up
Block/Lot
1850/51
Building Size
20'x50'
Zoning
R7D
Building Type
Low-Rise
Year Built
1910
Floors/Apts
3/2
Lot Size
20'x80'
Mortgage Calculator in [US Dollars]
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Fair Housing
