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1922-1926 Fulton St 3 Multifamily Properties Offered at $3,900,000 in Brooklyn, NY
Investment Highlights
- Three adjacent mixed-use assets delivering operational consistency, matching layouts, and streamlined management benefits.
- Renovated residential units offering broad renter appeal and immediate revenue alignment across the portfolio.
- Portfolio-level development potential with more than twelve thousand square feet of unused air rights across the three parcels.
- Retail tenancy anchored by three everyday-needs operators that attract continual neighborhood traffic and provide stable commercial occupancy.
- Strong transit-oriented positioning directly across from the C train, supporting both residential and commercial demand.
- Remaining tax benefits and synchronized rent-stabilized structures that create predictable, long-term cash flow performance.
Executive Summary
The Fulton Street Portfolio presents a rare opportunity to acquire three contiguous mixed-use buildings along one of Brooklyn’s most active and transit-connected commercial corridors. Positioned between Buffalo and Ralph Avenues, the properties benefit from constant pedestrian activity, strong neighborhood retail synergy, and immediate access to the C train at Ralph Avenue. This high-visibility location naturally supports both tenant retention and the ongoing demand for local retail and quality residential housing.
Each of the three buildings features a ground-floor commercial tenant paired with renovated residential units above, offering investors a balanced income structure and consistent operational simplicity. The retail spaces are occupied by a convenience store at 1922, a beauty salon at 1924, and a nail salon at 1926, each serving neighborhood needs and contributing to reliable occupancy. Above the retail level, all buildings include a three-bedroom renovated apartment on the second floor and a pair of upgraded units on the third floor. Uniform finishes, individually metered utilities, and tenant-paid heat and hot water enhance cost efficiency across the entire portfolio.
The alignment in building design, tenancy, and renovation standards creates a streamlined platform for management, leasing, and long-term repositioning. With all units on flexible month-to-month arrangements and retail leases staggered yet stable, an investor has full control to unlock near-term rental growth. Additionally, each property carries more than four thousand square feet of unused air rights, offering substantial future development optionality whether pursued individually or through a combined redevelopment vision.
With synchronized tax abatements, predictable cash flow, and a location defined by strong transit access and neighborhood vitality, the Fulton Street Portfolio represents a strategically assembled, scalable offering in a consistently strong Brooklyn submarket.
Each of the three buildings features a ground-floor commercial tenant paired with renovated residential units above, offering investors a balanced income structure and consistent operational simplicity. The retail spaces are occupied by a convenience store at 1922, a beauty salon at 1924, and a nail salon at 1926, each serving neighborhood needs and contributing to reliable occupancy. Above the retail level, all buildings include a three-bedroom renovated apartment on the second floor and a pair of upgraded units on the third floor. Uniform finishes, individually metered utilities, and tenant-paid heat and hot water enhance cost efficiency across the entire portfolio.
The alignment in building design, tenancy, and renovation standards creates a streamlined platform for management, leasing, and long-term repositioning. With all units on flexible month-to-month arrangements and retail leases staggered yet stable, an investor has full control to unlock near-term rental growth. Additionally, each property carries more than four thousand square feet of unused air rights, offering substantial future development optionality whether pursued individually or through a combined redevelopment vision.
With synchronized tax abatements, predictable cash flow, and a location defined by strong transit access and neighborhood vitality, the Fulton Street Portfolio represents a strategically assembled, scalable offering in a consistently strong Brooklyn submarket.
Property Facts
| Price | $3,900,000 | Number of Properties | 3 |
| Price / SF | $370.37 / SF | Individually For Sale | 3 |
| Cap Rate | 7.05% | Total Building Size | 10,530 SF |
| Sale Type | Investment | Total Land Area | 0.13 AC |
| Status | Active |
| Price | $3,900,000 |
| Price / SF | $370.37 / SF |
| Cap Rate | 7.05% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 10,530 SF |
| Total Land Area | 0.13 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1926 Fulton St, Brooklyn, NY 11233 | Multifamily | 3,510 SF | 2005 | $1,600,000 |
| 1924 Fulton St, Brooklyn, NY 11233 | Multifamily | 3,510 SF | 2005 | $1,600,000 |
| 1922 Fulton St, Brooklyn, NY 11233 | Multifamily | 3,510 SF | 2005 | $1,600,000 |
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1922-1926 Fulton St
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