$2,475,000
1341 FULTON Street, Brooklyn NY, 11216
Overview
Active
Listed May 19, 2026
Updated 13 days ago
1341 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.
$16,466/mo
Est. mortgage payment based on a $2,475,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- RLS20092177
Interior Features
- Bedrooms
- 2
- Bathrooms
- 4
- Basement
- Yes
Exterior Features
- Lot Size
- 0.04 Acres
Other Property Details
- Taxes
- $3,144
- Tax Frequency
- Annually
Listing Courtesy of Douglas Elliman Real Estate - LAURENCE B WOHLGEMUTH
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved
RLS Data display by Compass. Data last updated on 9/24/2026 at 2:15 PM UTC