$2,100,000

Estimated payment $12,447/month

Total Views 8
9 Beds
6 Baths
5,200 Sq Ft
$404 Price per Sq Ft

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

Mohammed Rasel

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,503

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Quadruplex
  • Year Built: 1910
  • Attribution Contact: 718-255-1555
  • Carport Y N: No
  • CurrentPrice: 2100000.00
  • MlsMajorChangeType: New Listing
  • ListPrice_By_OriginalListPrice: 1.00000
  • ListPrice_By_LotSizeAcres: 42000000.0000
  • CurrentPrice_By_BuildingAreaTotal: 403.84615
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Galley Type Kitchen, His and Hers Closets, Natural Woodwork, Stone Counters, Storage, Walk-In Closet(s)
  • Flooring: Hardwood
  • Basement: Full
  • Total Bedrooms: 9
  • Fireplace: No
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Brownstone
  • Pool Private: No
  • Spa: No
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Parking Description: Off Street

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard, Electric, Natural Gas
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Restoration Academy

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2000
  • Parcel Number: 01842-0060
  • Property Attached: Yes
  • Additional Parcels: No

Multi Family

  • Units Total: 7
  • Separate Electric Meters: 8
  • Separate Gas Meters: 7

Tax Info

  • Tax Annual Amount: 18503.12
  • Tax Year: 2025

MLS Schools

  • Elementary School: Ps 3 Bedford Village
  • High School: Bedford Academy High School
  • Middle School District: Brooklyn 13

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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
Source: OneKey® MLS

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 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,105,000 Purchase Money Mortgage
Source: Public Records

Source: OneKey® MLS

MLS Number: 960731

OneKey® MLS

APN: 01842-0060