1941 Fulton St Brooklyn, NY 11233
Bed-Stuy NeighborhoodEstimated payment $9,164/month
Highlights
- Forced Air Heating System
- P.S. 40 George W Carver Rated 9+
- 3-minute walk to Ralph Avenue
About This Home
Located in the heart of Stuyvesant Heights, 1941 Fulton Street offers a rare opportunity to own a well-positioned 2-family residential property in one of Brooklyn’s most consistently in-demand rental markets.
The building features two floor-through 2-bedroom units, approximately 750 sq ft each, with strong upside. While the property is livable and currently tenant-occupied, it could benefit from light cosmetic updates to reach full market potential.
The property generates a stable $6,500/month in income, with tenants on annual leases, supported by Section 8 and CityFHEPS programs — offering reliable, government-backed rental payments. This makes it a solid, low-risk investment for landlords looking for dependable cash flow from day one.
Additional highlights include a basement, outdoor space, and roof access, providing added flexibility for future upgrades or amenities.
Zoned R6B, this property is ideal for long-term hold investors looking for stable income in a neighborhood with upward potential. Located just steps from Ralph Ave station (C train) and within walking distance to restaurants, shops, schools, and cultural institutions, the location is both convenient and highly desirable to tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,812
Year Built
- Built in 1899
Lot Details
- 1,503 Sq Ft Lot
Home Design
- Duplex
Utilities
- No Cooling
- Forced Air Heating System
- Sewer Not Available
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 01531-0063
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 | $1,812 | $69,420 | $14,940 | $54,480 |
| 2024 | $1,812 | $68,280 | $14,940 | $53,340 |
| 2023 | $1,791 | $60,360 | $14,940 | $45,420 |
| 2022 | $1,681 | $57,060 | $14,940 | $42,120 |
| 2021 | $1,673 | $44,040 | $14,940 | $29,100 |
| 2020 | $1,251 | $46,440 | $14,940 | $31,500 |
| 2019 | $415 | $46,140 | $14,940 | $31,200 |
| 2018 | $384 | $7,432 | $2,606 | $4,826 |
| 2017 | $802 | $7,015 | $2,892 | $4,123 |
| 2016 | $203 | $6,626 | $3,161 | $3,465 |
| 2015 | $109 | $6,618 | $3,601 | $3,017 |
| 2014 | $109 | $6,267 | $3,954 | $2,313 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | For Sale | $1,700,000 | -- | $1,111 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $650,000 | -- | |
| Deed | $358,150 | -- | |
| Deed | $190,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $975,000 | Purchase Money Mortgage | |
| Previous Owner | $345,303 | Purchase Money Mortgage |
Source: OneKey® MLS
MLS Number: 898475
APN: 01531-0063
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