- CENTURY 21 Real Estate
- New York
- Brooklyn
- 1223 Fulton Street
1223 Fulton Street, Brooklyn, NY 11216
Local realty services provided by:CENTURY 21 Hire Realty
1223 Fulton Street,Brooklyn, NY 11216
$2,100,000
- - Beds
- - Baths
- 5,200 sq. ft.
- Multi-family
- Active
Listed by: mohammed rasel
Office: exit realty continental
MLS#:960731
Source:OneKey MLS
Price summary
- Price:$2,100,000
- Price per sq. ft.:$403.85
About this home
1223 Fulton Street, Brooklyn, NY 11216 Prime Mixed-use Investment property / Fully Occupied / STRONG CASH FLOW PROPERTY OVERVIEW Exceptional income-Producing mixed-use building located along one of Brooklyn's most vibrant and active commercial corridors- Fulton Street. This property features (3) spacious two-bedroom apartments and (1) spacious one-bedroom apartments also (1) huge commercial retail space on ground-floor, offering investors a well balanced and diversified income stream in a thriving and rapidly appreciating neighborhood. INVESTMENT SUMMARY Asking Price $2,100.000 current Monthly Rent Roll: $16,372 Annual Gross Income: $196,464 Current Cap Rate: Approx. 10% (All residential and retail units fully leased)Configuration: 6 Residential Units + 1 Retail Units Zoning: Mixed-Use (Residential + Commercial) PROPERTY HIGHLIGHTS Turnkey Income Producer: Fully leased and generating immediate returns. : Strong rental demand with opportunity for future rent growth. One Established Retail Tenants: Stable, long-term businesses providing consistent cash flow. Strong In-Place Income: $196,464.000 annual rent roll with low operating expenses. Upside Potential: Market rents indicate achievable pro forma income of $210,000+ annually. Solid Brick Construction: Well-maintained structure with dependable systems and minimal maintenance needs. Low Management Burden: Ideal for passive investors or 1031 exchange buyers. LOCATION ADVANTAGE Situated along Fulton Street, one of Brooklyn’s most historic and continuously developing retail arteries, this property benefits from exceptional visibility, heavy foot traffic, and easy transit access. Near A, C, subway lines and multiple MTA bus routes. Surrounded by retail, dining, schools, and residential density driving strong tenant retention. Minutes from key neighborhood hubs, community developments, and new mixed-use projects that continue to elevate property values. High-demand rental area offering long-term appreciation and sustained occupancy. INVESTMENT OUTLOOK With NYC’s rental market at record highs and Brooklyn’s mixed-use assets in constant demand, 1223 Fulton Street presents a rare opportunity to secure a performing, high-yield property in an established yet upward-trending corridor. This asset delivers: Immediate Cash Flow from day one. Strong Long-Term Growth Potential through rent appreciation. Diversified Stability across residential and retail income streams. Whether expanding your Brooklyn portfolio or seeking a secure 1031 exchange replacement property, this investment combines cash flow, stability, and location — the core fundamentals of any high-performing NYC asset. SUMMARY A true Brooklyn investment gem offering both income and upside — fully occupied, established commercial tenants, and prime location within a dynamic retail corridor. 1223 Fulton Street stands as a testament to enduring value and urban opportunity — an investment built for today’s returns and tomorrow’s appreciation.
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Home facts
- Year built:1910
- Listing ID #:960731
- Added:1 day(s) ago
- Updated:February 12, 2026 at 04:28 AM
Rooms and interior
- Living area:5,200 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric, Natural Gas
Structure and exterior
- Year built:1910
- Building area:5,200 sq. ft.
- Lot area:0.05 Acres
Schools
- High school:Bedford Academy High School
- Middle school:Restoration Academy
- Elementary school:Ps 3 Bedford Village
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,100,000
- Price per sq. ft.:$403.85
- Tax amount:$18,503 (2025)
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