1341 Fulton Street
Go Back To Previous Page1341 Fulton Street is a fully occupied corner mixed-use building on one of Brooklyn’s most bustling commercial corridors, offered with strong in-place cash flow and meaningful unused air rights.
The commercial space is a ground-floor corner storefront spanning 1,000 SF wit h an additional 1,000 SF basement – currently occupied by an established business with over a decade of continuous operation at this location. The commercial lease carries 3 percent annual rent escalations. Three residential apartments occupy the upper floors: a 1-bedroom duplex, a junior one-bedroom, and a studio. Renters pay their own heat, keeping operating costs lean and NOI strong.
Gross annual income of $162,820 supports a net operating income of approximately $148,726 after real estate taxes, insurance, water and sewer, and BID charges. The property is self-managed with no current vacancy.
Located at the corner of Fulton Street and Verona Place, the building benefits from high pedestrian and vehicular visibility in both directions. Transit access is exceptional: The LIRR is two blocks away; the A/C express at Nostrand Avenue is one block .
Unused FAR under R7D/C2-4 zoning presents a clear path to expansion for an owner-user or long-term hold investor. The property is well suited for a 1031 exchange.
All information deemed reliable but not guaranteed. Prospective purchasers are advised to independently verify all figures.
Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.
