1922 Fulton St
Brooklyn, NY 11233
Multifamily Property For Sale · 3 Units

1922 Fulton Street offers a compelling opportunity for investors seeking a stabilized mixed-use asset with immediate income and measurable long-term upside. Positioned on the active south side of Fulton Street between Buffalo and Ralph Avenues, the property benefits from continuous pedestrian activity and strong neighborhood retail momentum. The location is anchored by convenient transit access, with the C train directly across the street, adding to the appeal for both residents and commercial users.
The property features a street-level retail space currently operated as a convenience store on a month-to-month basis, allowing an investor to maintain the existing operator or reposition the space for a wide range of commercial uses that serve the surrounding community. Above the retail level, the residential component includes a renovated three-bedroom floor-through apartment on the second floor and a pair of updated units on the third floor. Each apartment features quality finishes such as wood flooring, stone countertops, and stainless steel appliances, supported by abundant natural light and functional layouts. Individually metered utilities and tenant-paid heat and hot water contribute to lean operating expenses and predictable performance.
A notable advantage of this property is the substantial development headroom, with more than seven thousand square feet of allowable buildable area and more than four thousand square feet of unused air rights. Combined with a remaining nine-year 421-a tax abatement, the asset delivers unusual upside through both near-term rental growth and future redevelopment potential.
With its strong existing income, strategic location, flexible tenancy, and embedded development value, 1922 Fulton Street represents a rare chance to secure an adaptable, income-producing asset in a consistently high-demand Brooklyn corridor.