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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
24670469

3350 Fulton St, Brooklyn, NY 11208

CK
NY 10401366811
Invictus Property Advisors
Listed by Invictus Property Advisors
$1,450,000
332 days on market
Updated 75 days ago

3350 Fulton Street

Details
Property Type Mixed Use
Sub Type Retail
Square Footage 3,600
Net Rentable (SqFt) 3,120
Units 5
Cap Rate 9.58%
NOI $138,964
Occupancy 50%
Tenancy Single
Lease Type Gross
Lease Term 15
Lease Expiration 09/30/2038
Remaining Term 12.3
Rent Bumps No
Price per SqFt $403
Buildings 1
Stories 3
Lot Size (SqFt) 1,723
Zoning R5 | C1-2
Investment Type Value Add
Lease Commencement 10/01/2023

Free-Market

Marketing description

Invictus Property Advisors is pleased to present the exclusive offering of 3350 Fulton Street, a five (5) unit mixed-use asset located in East New York, Brooklyn.

The building comprises four (4) free market residential units, two (2) of which can be delivered vacant. The ground floor retail space is leased to a pharmacy under a recently executed lease that runs through 2038. Additionally, the property is protected under Tax Class 2A, which limits property tax increases year over year. Additionally, the lot benefits from QRS (Qualified Residential Site) designation and features a 2.5 FAR, offering 707 square feet of unused air rights.

Located along the highly trafficked Fulton Street corridor, the property enjoys exceptional visibility and strong pedestrian activity. It is also conveniently situated just two blocks from the Crescent Street Subway Station, served by the J and Z lines.

Listing Contacts

CK
NY 10401366811
Invictus Property Advisors
Listed by Invictus Property Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$138,964.00
$11,580.33/mo

Valuation Metrics

0
DSCR
9.58%
Cap Rate
9.58%
ROI

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Additional Information

Name
Chase Kirkpatrick
License
10401366811
Brokerage
Invictus Property Advisors
Title
Real Estate Broker
Brokerage Address
222 West 37th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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