3434 Fulton StBrooklyn, NY 11208

This exceptional mixed-use property at 3434 Fulton Street in Brooklyn, New York, presents a compelling investment opportunity. The three-story, 1,631 square foot building, constructed in 1920, boasts a desirable R5 zoning designation. Currently operating at 100% occupancy, the property comprises two residential units and one commercial unit, all with credit-rated tenants. The current Net Operating Income (NOI) stands at $117,235, translating to a 7.42% capitalization rate. A pro-forma analysis projects a significant increase in NOI to $138,218, resulting in an 8.75% pro-forma capitalization rate. This suggests substantial potential for future growth and return on investment. Located in the vibrant East New York neighborhood (zip code 11208), this property offers a blend of residential and commercial income streams in a single, well-maintained building. The asking price is $1,580,000, representing a price per square foot of $968.73. This is a rare opportunity to acquire a stable, high-performing asset in a rapidly developing area of Brooklyn. The property's strong tenant base and excellent location make it an ideal investment for both seasoned and aspiring real estate investors. The building's solid construction and proven income stream provide a secure foundation for long-term growth and profitability.