1337 Fulton St
Brooklyn, NY 11216
Immeuble residentiel Propriété À vendre · 6 Unités

1337 Fulton Street presents a compelling opportunity for investors seeking a mixed-use asset in one of Brooklyn’s most active commercial corridors. Positioned between Nostrand Avenue and Verona Place, the property benefits from exceptional daily foot traffic and seamless transit access, making it highly desirable for both residential tenants and ground-floor commercial operators. The surrounding Fulton Street retail district continues to strengthen with national brands, neighborhood retail, food service, banking, and daily-needs operators drawing a steady consumer base.
The four-story structure includes a full-floor commercial space occupying both the street level and basement, supported by six well-configured one-bedroom apartments above. Each residential unit enjoys generous natural light, high ceilings, and functional layouts with separately metered gas and electric, aligning with cost-efficient operations. All apartments are occupied by HASA tenants, providing predictable, program-backed income. The existing commercial tenant pays $6,500 monthly with lease expiration in September 2026, and market conditions suggest additional upside at renewal.
Investors will appreciate the property’s multiple value-add levers, including the potential to combine units, transition them to free-market status, or explore added development through approximately 1,520 square feet of unused air rights. The building’s brick façade, dual fire escapes, and well-maintained roof further enhance long-term stability. With projected rents indicating notable income growth and a favorable cap rate relative to the submarket, 1337 Fulton Street stands out as a strategically located asset with strong fundamentals and measurable near-term appreciation potential.
Whether held as a stable income property or repositioned to unlock its full market value, this offering provides an exceptional foothold in a consistently high-demand Brooklyn neighborhood.