1223 Fulton St Brooklyn, NY 11216
Bed-Stuy NeighborhoodEstimated payment $12,447/month
Highlights
- Brownstone
- 3-minute walk to Nostrand Avenue (A,C Line)
- Dual Closets
- Wood Flooring
- Eat-In Galley Kitchen
- 3-minute walk to John Hancock Playground
About This Home
1223 Fulton Street, Brooklyn, NY 11216 Prime Mixed-use Investment property / Fully Occupied / STRONG CASH FLOW PROPERTY OVERVIEW Exceptional income-Producing mixed-use building located along one of Brooklyn's most vibrant and active commercial corridors- Fulton Street. This property features (3) spacious two-bedroom apartments and (3) spacious one-bedroom apartments also (1) huge commercial retail space on ground-floor, offering investors a well balanced and diversified income stream in a thriving and rapidly appreciating neighborhood. INVESTMENT SUMMARY Asking Price $2,100.000 current Monthly Rent Roll: $16,372 Annual Gross Income: $196,464 Current Cap Rate: Approx. 10% (All residential and retail units fully leased)Configuration: 6 Residential Units + 1 Retail Units Zoning: Mixed-Use (Residential + Commercial) PROPERTY HIGHLIGHTS Turnkey Income Producer: Fully leased and generating immediate returns. : Strong rental demand with opportunity for future rent growth. One Established Retail Tenants: Stable, long-term businesses providing consistent cash flow. Strong In-Place Income: $196,464.000 annual rent roll with low operating expenses. Solid Brick Construction: Well-maintained structure with dependable systems and minimal maintenance needs. Low Management Burden: Ideal for passive investors or 1031 exchange buyers or Owner -users looking to add a solid income-producing asset in a growing neighborhood. LOCATION ADVANTAGE Situated along Fulton Street, one of Brooklyn’s most historic and continuously developing retail arteries, this property benefits from exceptional visibility, heavy foot traffic, and easy transit access. Near A, C, subway lines and multiple MTA bus routes. Surrounded by retail, dining, schools, and residential density driving strong tenant retention. Minutes from key neighborhood hubs, community developments, and new mixed-use projects that continue to elevate property values. High-demand rental area offering long-term appreciation and sustained occupancy. INVESTMENT OUTLOOK With NYC’s rental market at record highs and Brooklyn’s mixed-use assets in constant demand, 1223 Fulton Street presents a rare opportunity to secure a performing, high-yield property in an established yet upward-trending corridor. This asset delivers: Immediate Cash Flow from day one. Strong Long-Term Growth Potential through rent appreciation. Diversified Stability across residential and retail income streams. Whether expanding your Brooklyn portfolio or seeking a secure 1031 exchange replacement property, this investment combines cash flow, stability, and location — the core fundamentals of any high-performing NYC asset. SUMMARY A true Brooklyn investment gem offering both income and upside — fully occupied, established commercial tenants, and prime location within a dynamic retail corridor. 1223 Fulton Street stands as a testament to enduring value and urban opportunity — an investment built for today’s returns and tomorrow’s appreciation.
Listing Agent
Exit Realty Continental Brokerage Phone: 718-255-1555 License #10401390386 Listed on: 02/11/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,503
Year Built
- Built in 1910
Lot Details
- 2,000 Sq Ft Lot
Parking
- Off-Street Parking
Home Design
- Brownstone
- Quadruplex
Interior Spaces
- Woodwork
- Storage
- Wood Flooring
- Basement Fills Entire Space Under The House
- Eat-In Galley Kitchen
Bedrooms and Bathrooms
- 9 Bedrooms
- Dual Closets
- Walk-In Closet
Schools
- Ps 3 Bedford Village Elementary School
- Restoration Academy Middle School
- Bedford Academy High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Baseboard Heating
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number 01842-0060
Community Details
Overview
- 7 Units
Building Details
- 8 Separate Electric Meters
- 7 Separate Gas Meters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,304 | $469,350 | $8,100 | $461,250 |
| 2024 | $17,304 | $390,960 | $8,100 | $382,860 |
| 2023 | $16,979 | $325,800 | $8,100 | $317,700 |
| 2022 | $16,410 | $271,350 | $8,100 | $263,250 |
| 2021 | $14,541 | $216,900 | $8,100 | $208,800 |
| 2019 | $13,428 | $175,500 | $8,100 | $167,400 |
| 2018 | $14,686 | $106,470 | $5,897 | $100,573 |
| 2017 | $13,122 | $103,170 | $6,585 | $96,585 |
| 2016 | $12,315 | $95,528 | $6,717 | $88,811 |
| 2015 | $8,087 | $88,452 | $7,303 | $81,149 |
| 2014 | $8,087 | $81,900 | $8,100 | $73,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/11/2026 02/11/26 | For Sale | $2,100,000 | -- | $404 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,700,000 | -- | |
| Deed | $1,700,000 | -- | |
| Deed | $1,700,000 | -- | |
| Deed | $165,000 | -- | |
| Deed | $165,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,105,000 | Purchase Money Mortgage |
Source: OneKey® MLS
MLS Number: 960731
APN: 01842-0060
- 1240 Bedford Ave Unit 1H
- 1240 Bedford Ave Unit 3E
- 1240 Bedford Ave Unit 1D
- 18 Arlington Place
- 64 Hancock St
- 43 Halsey St Unit 3
- 11A Arlington Place
- 106 Jefferson Ave Unit PH
- 140 Jefferson Ave Unit 4
- 121 Hancock St
- 1118 Fulton St Unit 5F
- 198 Putnam Ave
- 145 Hancock St
- 1150 Pacific St
- 158 Hancock St
- 113 Halsey St
- 256 Putnam Ave Unit 4PH
- 256 Putnam Ave Unit 1
- 168 Hancock St Unit 4
- 168 Hancock St Unit 2
- 12 Halsey St Unit 217
- 12 Halsey St Unit 628
- 12 Halsey St Unit 229
- 12 Halsey St Unit G-23
- 12 Halsey St Unit 506
- 12 Halsey St Unit 716
- 12 Halsey St Unit 502
- 12 Halsey St Unit 409
- 12 Halsey St Unit 208
- 12 Halsey St Unit 507
- 49 Halsey St Unit 1
- 77 Herkimer St Unit 2
- 28 Spencer Place
- 1285 Fulton St Unit 4R
- 1236 Atlantic Ave Unit 306
- 1236 Atlantic Ave Unit 201
- 1236 Atlantic Ave Unit 303
- 105 Halsey St
- 208 Lefferts Place Unit 2
- 1153 Pacific St Unit 1