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For sale
  • $2,889,000

    3225 Fulton Street, Brooklyn, NY 11208

    8beds
    4,992sqft
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    Quadruplex, Multi Family
    Built in 1915
    -- sqft lot
    $-- Zestimate®
    $579/sqft
    $-- HOA

    What's special

    3225 FULTON STREET, BROOKLYN, NY 11208 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 (4) spacious two-bedroom apartments and (2) ground-floor retail stores, offering investors a well-balanced and diversified income stream in a thriving and rapidly appreciating neighborhood. INVESTMENT SUMMARY Asking Price: $3,250,000 Current Monthly Rent Roll: $18,000 Annual Gross Income: $216,000 Current Cap Rate: Approx. 6.6% Pro Forma Cap Rate: 7.5% – 8.0% (based on achievable market rents) Occupancy: 100% (All residential and retail units fully leased) Configuration: 4 Residential Units + 2 Retail Units Zoning: Mixed-Use (Residential + Commercial) PROPERTY HIGHLIGHTS Turnkey Income Producer: Fully leased and generating immediate returns. Free-Market Apartments: Strong rental demand with opportunity for future rent growth. Two Established Retail Tenants: Stable, long-term businesses providing consistent cash flow. Strong In-Place Income: $216,000 annual rent roll with low operating expenses. Upside Potential: Market rents indicate achievable pro forma income of $240,000+ annually. Solid Brick Construction: Well-maintained structure with dependable systems and minimal maintenance needs. Low Management Burden: Ideal for passive investors or 1031 exchange buyers. 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, J, and Z 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, 3225 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, free-market residential units, established commercial tenants, and prime location within a dynamic retail corridor. 3225 Fulton Street stands as a testament to enduring value and urban opportunity — an investment built for today’s returns and tomorrow’s appreciation.
    233 days
    |
    109
    |
    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    HomeSmart Premier Living Rlty 516-535-9692,

    Adelbin Imani 917-348-8919

    Source: OneKey® MLS as distributed by MLS GRID,MLS#: 935394MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Baseboard, Electric, Natural Gas
      Cooling
      • Ductless
      Features
      • Natural Woodwork, Open Kitchen, Quartz/Quartzite Counters, Recessed Lighting, Smart Thermostat
      • Basement: Unfinished
      Interior area
      • Total structure area: 4,992
      • Total interior livable area: 4,992 sqft

      Property

      Parking
      • Parking features: None
      Lot
      • Size: 2,789 Square Feet
      Details
      • Parcel number: 041270059
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex, Multi Family
      • Attached to another structure: Yes
      Materials
      • Brownstone
      Condition
      • Year built: 1915

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected

      Community & HOA

      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $579/sqft
      • Tax assessed value: $266,400
      • Annual tax amount: $12,841
      • Date on market: 11/17/2025
      • Cumulative days on market: 114 days
      • Listing agreement: Exclusive Agency
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        2/2/2026Price change$2,889,000-11.1%$579/sqft
        Source: OneKey® MLS as distributed by MLS GRID #935394 Report a problem
        11/17/2025Listed for sale$3,250,000+90.1%$651/sqft
        Source: OneKey® MLS as distributed by MLS GRID #935394 Report a problem
        4/2/2019Sold$1,710,000+256.3%$343/sqft
        Source: Public Record Report a problem
        3/2/2017Sold$480,000-30.6%$96/sqft
        Source: Public Record Report a problem
        7/23/2012Sold$691,811+27.5%$139/sqft
        Source: Public Record Report a problem
        1/12/2004Sold$542,500+87.9%$109/sqft
        Source: Public Record Report a problem
        11/1/2000Sold$288,718+220.8%$58/sqft
        Source: Public Record Report a problem
        5/16/1997Sold$90,000$18/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$13,191 +2.7%$266,400 -2.5%
        2024$12,841 $273,240 +20%
        2023-- $227,700 -16.4%
        2022-- $272,250 -15%
        2021-- $320,400 +3%
        2020$10,174 +3.2%$311,040
        2019$9,855 $311,040 +325.1%
        2018-- $73,171 +8%
        2017$8,619 +6.6%$67,765 +8%
        2016$8,084 $62,747
        2015$8,084 +53.9%$62,747 +3.2%
        2014$5,252 $60,778 +8%
        2013-- $56,286 +8%
        2012-- $52,127 +8%
        2011-- $48,267
        2010-- $48,267 +3.2%
        2009-- $46,753 +8%
        2008-- $43,297 +8%
        2007-- $40,098 +8%
        2006-- $37,129
        2005-- $37,129 +3.2%
        2004-- $35,964 +8%
        2003-- $33,306 +8%
        2002-- $30,845 +8%
        2001-- $28,561
        2000-- $28,561

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: East New York

        Getting around

        80 / 100
        Very Walkable
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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