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944 Fulton St
Brooklyn, NY 11238
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Four-story mixed-use building with ground-floor retail and three free-market residential units.
- Commercial space leased through April 2032, providing stable income.
- Located in Clinton Hill with high foot and vehicle traffic, near major transit hubs and 10 subway lines.
- All apartments feature 3 bedrooms and 1 bath; second-floor unit includes a private terrace.
- Approximately 3,500 square feet of additional air rights for future development potential.
- Surrounded by strong residential growth and vibrant retail corridors in one of Brooklyn’s most historic neighborhoods.
Executive Summary
Wingate Advisors is pleased to present 944 Fulton Street, a four-story mixed-use property located in one of Brooklyn’s most desirable and rapidly appreciating neighborhoods, Clinton Hill.
This turn-key building consists of a ground-floor commercial space plus three free-market residential units. Each apartment is a full-floor, loft-style three-bedroom layout featuring high ceilings, excellent natural light, oversized windows, and recent upgrades including intercom and security improvements. All units are currently leased at market rents, providing stable in-place income.
The commercial space has been fully renovated while preserving much of its original character, making the property attractive to both investors and owner-users.
The building also offers additional development potential due to unused FAR following recent zoning changes. Nearby condominium conversions along Fulton Street have achieved record pricing, highlighting the continued growth and strong demand in the Clinton Hill / Fort Greene corridor.
The location provides excellent access to transportation, including the C train just two blocks away and Atlantic Terminal, offering multiple subway lines and Long Island Rail Road service. The property is also in close proximity to Pratt Institute, Downtown Brooklyn, Barclays Center, and numerous retail and dining destinations.
Full setup available upon request, including financials, floor plans, and lease information.
This turn-key building consists of a ground-floor commercial space plus three free-market residential units. Each apartment is a full-floor, loft-style three-bedroom layout featuring high ceilings, excellent natural light, oversized windows, and recent upgrades including intercom and security improvements. All units are currently leased at market rents, providing stable in-place income.
The commercial space has been fully renovated while preserving much of its original character, making the property attractive to both investors and owner-users.
The building also offers additional development potential due to unused FAR following recent zoning changes. Nearby condominium conversions along Fulton Street have achieved record pricing, highlighting the continued growth and strong demand in the Clinton Hill / Fort Greene corridor.
The location provides excellent access to transportation, including the C train just two blocks away and Atlantic Terminal, offering multiple subway lines and Long Island Rail Road service. The property is also in close proximity to Pratt Institute, Downtown Brooklyn, Barclays Center, and numerous retail and dining destinations.
Full setup available upon request, including financials, floor plans, and lease information.
Property Facts
| Price Per Unit | $1,312,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6% | Building Size | 5,500 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1930/2007 |
| Apartment Style | Mid-Rise | ||
| Zoning | R7A,C2-4 - R7A with C2-4 overlay allows mixed-use development with residential and commercial uses, supporting medium-density housing and ground-floor retail. | ||
| Price Per Unit | $1,312,500 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1930/2007 |
| Zoning | R7A,C2-4 - R7A with C2-4 overlay allows mixed-use development with residential and commercial uses, supporting medium-density housing and ground-floor retail. |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 2,000 |
| 3+1 | 3 | - | 1,200 - 3,600 |
Property Taxes
| Parcel Number | 02014-0016 | Improvements Assessment | $918,000 |
| Land Assessment | $45,000 | Total Assessment | $963,000 |
Property Taxes
Parcel Number
02014-0016
Land Assessment
$45,000
Improvements Assessment
$918,000
Total Assessment
$963,000
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