1015 Fulton St - Apartments FOR SALE


Brooklyn, NY 11238- Clinton Hill
$4,195,000 USD
718-475-4300
1015 Fulton St, Brooklyn, NY for Sale
$4,195,000 USD
Apartments - FOR SALE
1/40
null | 6.9% Cap Rate

1015 Fulton St
Brooklyn, NY 11238
Clinton Hill


OVERVIEW

14 Putnam Avenue / 1015 Fulton Street is a unique single tax-lot acquisition that spans from Fulton Street through to Putnam Avenue, encompassing two separate mixed-use, fully free-market buildings on one lot. While it reads like two properties, the sale is really one. Each building consists of 2 apartments and 1 retail space, all 100% free market and generating significant income. On the Putnam Avenue side, the retail space is home to Hartley’s, a long- standing, well-known neighborhood bar and restaurant. On the Fulton Street side, the retail is occupied by a popular local Mexican restaurant. The residential units across both buildings are well- leased and positioned to remain highly competitive in the market. From an income perspective, this is a high-performing asset. The combined net operating income represents a 6.9% cap rate at the full asking price, which is rare for fully free-market mixed-use properties in this location. The buildings are not only stable but are already generating significant cash flow. The property sits at the intersection of Clinton Hill and Bedford-Stuyvesant, an area seeing substantial new development, increasing density, and continued retail and residential demand. The location is within close proximity to multiple major subway lines along Fulton Street, providing strong connectivity and reinforcing the long-term durability of the income.

FOR SALE DETAILS

PRICE

$4,195,000 USD

PRICE/SF

$951 USD /SF

# OF UNITS

6

PRICE/UNIT

$699,167

CAP RATE

6.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14 Putnam Avenue / 1015 Fulton Street

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,620 SF

ZONING

R6/C1-3

APN/PARCEL ID

01991-0009

ASK ABOUT THIS PROPERTY

Andrew BronsteenNew York MultifamilyMore Info
718-475-4300

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Andrew BronsteenNew York MultifamilyMore Info
718-475-4300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.