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1926 Fulton St
Brooklyn, NY 11233
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Renovated units with quality finishes that appeal to renters seeking modern layouts in a transit-rich corridor.
- Favorable operating structure with tenants paying their own heat and hot water and individually metered utilities.
- Highly visible Fulton Street frontage that captures consistent pedestrian flow throughout the day.
- Ground-floor retail tenancy anchored by a long-term beauty and personal-care operator offering revenue stability.
- Nine remaining years of tax abatement that enhance long-term yield and strengthen investment performance.
- Notable development opportunity supported by more than four thousand square feet of unused air rights.
Executive Summary
1926 Fulton Street offers a strong opportunity for investors seeking a well-positioned mixed-use asset in a high-demand Brooklyn corridor. Located on the active south side of Fulton Street between Buffalo and Ralph Avenues, the property benefits from steady pedestrian activity and direct visibility to a thriving retail stretch that draws residents and commuters throughout the day. The area’s accessibility is reinforced by immediate proximity to the C train at Ralph Avenue, making the location appealing to both residential tenants and retail operators.
The ground-floor retail space is currently occupied by a nail salon on a long-running lease extending through 2033, offering an investor reliable income and strong occupancy stability. Above the commercial space, the property features a renovated three-bedroom apartment on the second floor and two additional updated units on the third floor, consisting of a one-bedroom and a two-bedroom layout. All units feature contemporary finishes including wood flooring, modern countertops, and stainless steel appliances. Strong natural light and efficient layouts contribute to broad renter appeal, while individually metered utilities and tenant-paid heat and hot water create an operationally efficient structure for ownership.
With an existing framework that supports strong in-place income, the asset is further elevated by meaningful development potential. Zoning flexibility and more than seven thousand square feet of allowable buildable area position the property as a candidate for future expansion, whether through an eventual redevelopment plan or incremental long-term strategy. The remaining nine years of 421-a tax benefits provide additional financial efficiency and enhance long-term returns.
Offering a blend of stable cash flow, renovated interiors, long-term tenancy, and future development capacity, 1926 Fulton Street stands as an adaptable and strategically located investment within a consistently active Brooklyn market.
The ground-floor retail space is currently occupied by a nail salon on a long-running lease extending through 2033, offering an investor reliable income and strong occupancy stability. Above the commercial space, the property features a renovated three-bedroom apartment on the second floor and two additional updated units on the third floor, consisting of a one-bedroom and a two-bedroom layout. All units feature contemporary finishes including wood flooring, modern countertops, and stainless steel appliances. Strong natural light and efficient layouts contribute to broad renter appeal, while individually metered utilities and tenant-paid heat and hot water create an operationally efficient structure for ownership.
With an existing framework that supports strong in-place income, the asset is further elevated by meaningful development potential. Zoning flexibility and more than seven thousand square feet of allowable buildable area position the property as a candidate for future expansion, whether through an eventual redevelopment plan or incremental long-term strategy. The remaining nine years of 421-a tax benefits provide additional financial efficiency and enhance long-term returns.
Offering a blend of stable cash flow, renovated interiors, long-term tenancy, and future development capacity, 1926 Fulton Street stands as an adaptable and strategically located investment within a consistently active Brooklyn market.
Property Facts
| Price Per Unit | $533,333 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.36% | Lot Size | 0.04 AC |
| Gross Rent Multiplier | 13.95 | Building Size | 3,510 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment | ||
| Zoning | R7D, C2-4 - R7D (4.2) with a C2-4 Overlay (2.0) | ||
| Price Per Unit | $533,333 |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| Gross Rent Multiplier | 13.95 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,510 SF |
| No. Stories | 3 |
| Year Built | 2005 |
| Zoning | R7D, C2-4 - R7D (4.2) with a C2-4 Overlay (2.0) |
Property Taxes
| Parcel Number | 01704-0034 | Improvements Assessment | $301,950 |
| Land Assessment | $33,750 | Total Assessment | $335,700 |
Property Taxes
Parcel Number
01704-0034
Land Assessment
$33,750
Improvements Assessment
$301,950
Total Assessment
$335,700
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