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1004 Fulton St
Brooklyn, NY 11238
Multifamily Property For Sale
·
7 Units
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.
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 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 | $666,450 |
| Land Assessment | $9,900 | Total Assessment | $676,350 |
Property Taxes
Parcel Number
02015-0021
Land Assessment
$9,900
Improvements Assessment
$666,450
Total Assessment
$676,350
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