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DUMBO Prime Mixed Use Building 15 Old Fulton St 4 Unit Apartment Building For Sale Brooklyn, NY 11201
Investment Highlights
- Prime DUMBO Location
- Tax-Class Protected
- Retail Space Delivered Vacant
Executive Summary
TerraCRG has been exclusively retained to present a rare opportunity to acquire a prime mixed-use asset at 15 Old Fulton Street, located in the heart of DUMBO, Brooklyn—one of New York City’s most sought-after and supply-constrained neighborhoods.
The offering is a fully gut-renovated, tax-class protected building totaling approximately 7,400 SF. The building consists of three large free-market residential units and a ground-floor retail space. Each residential unit is outfitted with in-unit washer/dryers and modern finishes, ensuring minimal near-term capital expenditure.
The residential units have some remaining rental upside relative to market, and the retail space is vacant, offering immediate upside potential. With some reconfigurations of the residential units, and by attracting a retail tenant, the rent roll can be increased to an estimated $558,000 annually.
Strategically positioned on one of DUMBO’s premier retail corridors, 15 Old Fulton Street offers unmatched visibility and long-term appreciation potential. The property is situated along the East River waterfront, with sweeping views of the Manhattan skyline, and is just steps from Brooklyn Bridge Park and Time Out Market—key drivers of foot traffic and tenant demand.
The offering is a fully gut-renovated, tax-class protected building totaling approximately 7,400 SF. The building consists of three large free-market residential units and a ground-floor retail space. Each residential unit is outfitted with in-unit washer/dryers and modern finishes, ensuring minimal near-term capital expenditure.
The residential units have some remaining rental upside relative to market, and the retail space is vacant, offering immediate upside potential. With some reconfigurations of the residential units, and by attracting a retail tenant, the rent roll can be increased to an estimated $558,000 annually.
Strategically positioned on one of DUMBO’s premier retail corridors, 15 Old Fulton Street offers unmatched visibility and long-term appreciation potential. The property is situated along the East River waterfront, with sweeping views of the Manhattan skyline, and is just steps from Brooklyn Bridge Park and Time Out Market—key drivers of foot traffic and tenant demand.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 4 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 7,399 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1925 |
| Zoning | M2-1 | ||
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 7,399 SF |
| No. Stories | 4 |
| Year Built | 1925 |
| Zoning | M2-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | 00035-0007 | Improvements Assessment | $542,700 |
| Land Assessment | $91,800 | Total Assessment | $634,500 |
Property Taxes
Parcel Number
00035-0007
Land Assessment
$91,800
Improvements Assessment
$542,700
Total Assessment
$634,500
Contacts
-
Daniel Marks -
Daniel Lebor -
Remi Norris -
John Ceccoli -
TerraCRG Brooklyn Commercial Real Estate
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DUMBO Prime Mixed Use Building | 15 Old Fulton St
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