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1004 Fulton St
Brooklyn, NY 11238
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Well-maintained mixed-use asset fully renovated in 2015 for modern functionality and compliance.
- Ground-floor retail unit leased to Robotic S.T.E.A.M. with a long-term lease in place through 2029.
- Excellent transportation access via A, C, and Franklin Shuttle subway lines and direct bus routes.
- Well-maintained mixed-use asset fully renovated in 2015 for modern functionality and compliance.
- Prime Fulton Street frontage offering strong visibility and continuous pedestrian traffic.
- Opportunity for additional development with approximately 2,879 SF of unused air rights.
Executive Summary
Cushman & Wakefield (“C&W”) has been exclusively retained to arrange the sale of 1004 Fulton Street, located in Clinton Hill, Brooklyn. The property is a 5,281 SF mixed-use
property that features six residential units and one ground-floor commercial space. All residential units are approximately 517 square feet which consists of three 1Bed/1Bath
and three 2Bed/1Bath. Offering efficient layouts ideal for the neighborhood’s strong renter demographic. The ground-floor retail space is leased to Robotic S.T.E.A.M., a highly successful and established children’s program that focuses on Science, Technology, Engineering, and Math. The tenant currently has a lease in place until 2029. 1004 Fulton Street is a well-positioned mixed-use asset on the Fulton Street corridor at the crossroads of Clinton Hill and Bedford-Stuyvesant, offering strong visibility, steady foot traffic, and immediate access to neighborhood amenities. The property benefits from a highly walkable location and convenient transportation, with nearby access to the A, C, and Franklin Shuttle lines, plus direct bus service along Fulton Street, providing easy connectivity to Downtown Brooklyn, Williamsburg, and Manhattan. Surrounded by an active mix of residential density, established retailers, and growing local hospitality, 1004 Fulton Street offers compelling appeal for retail, office, or residential tenancy in one of Brooklyn’s most dynamic corridors.
property that features six residential units and one ground-floor commercial space. All residential units are approximately 517 square feet which consists of three 1Bed/1Bath
and three 2Bed/1Bath. Offering efficient layouts ideal for the neighborhood’s strong renter demographic. The ground-floor retail space is leased to Robotic S.T.E.A.M., a highly successful and established children’s program that focuses on Science, Technology, Engineering, and Math. The tenant currently has a lease in place until 2029. 1004 Fulton Street is a well-positioned mixed-use asset on the Fulton Street corridor at the crossroads of Clinton Hill and Bedford-Stuyvesant, offering strong visibility, steady foot traffic, and immediate access to neighborhood amenities. The property benefits from a highly walkable location and convenient transportation, with nearby access to the A, C, and Franklin Shuttle lines, plus direct bus service along Fulton Street, providing easy connectivity to Downtown Brooklyn, Williamsburg, and Manhattan. Surrounded by an active mix of residential density, established retailers, and growing local hospitality, 1004 Fulton Street offers compelling appeal for retail, office, or residential tenancy in one of Brooklyn’s most dynamic corridors.
Property Facts
| Price Per Unit | $771,429 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.51% | Building Size | 4,435 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1930/2015 |
| Apartment Style | Mid-Rise | ||
| Zoning | R7A - Located in the Clinton Hill neighborhood of Brooklyn between Grand Ave and Classon Ave near the Franklin Ave subway station. | ||
| Price Per Unit | $771,429 |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,435 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1930/2015 |
| Zoning | R7A - Located in the Clinton Hill neighborhood of Brooklyn between Grand Ave and Classon Ave near the Franklin Ave subway station. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
Property Taxes
| Parcel Number | 02015-0021 | Improvements Assessment | $801,900 |
| Land Assessment | $9,900 | Total Assessment | $811,800 |
Property Taxes
Parcel Number
02015-0021
Land Assessment
$9,900
Improvements Assessment
$801,900
Total Assessment
$811,800
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