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Property Description
1166 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 $3,500.000 current Monthly Rent Roll: $24,600 Annual Gross Income: $295,200 Current Cap Rate: Approx. 10.7% (All residential and retail units fully leased) RESIDENTIAL UNITS ARE FREE RENT MARKET . 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: $295,200.000 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, 1166 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. 1166 Fulton Street stands as a testament to enduring value and urban opportunity - an investment built for today's returns and tomorrow's appreciation.
Full Property Details
Full Property Details for 1166 Fulton St
General
- Price: $3,500,000
- Taxes: $15,370
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 965428
- Updated: Today (2/26/2026)
- Added to Site: Today
Parking
- Parking Features: Off Street
Location
- County: Kings (Brooklyn)
School Information
- High School District: Brooklyn 13
- Elementary School: Ps 3 Bedford Village
- Middle School: Restoration Academy
- High School: Bedford Academy High School
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard, Electric, Hot Water, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Attached
- Construction: Block, Brick
- Basement: Yes
- Basement Desc.: Full Basement
- Building Size: 4800
- Square Feet: 4,800
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.0459
- Lot Size (Sq. Ft.): 2,000
- Zoning: R7D
Financial Considerations
- Tax Amount: $15,370.44
Disclosures and Reports
- Special Conditions: None
- Property ID: 02017-0030
Listed by Exit Realty Continental
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Schools
Schools serving 1166 Fulton St
School District:New York City Geographic School District 13
| Name | Grades | Distance |
|---|---|---|
Ps 93 William H Prescott 31 New York Avenue, Brooklyn, NY 11216 | K-6 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1166 Fulton St
Date
Details
Price
Change
Source
2/26/2026
Listed
$3,500,000
59.09%
MLS
3/02/2021
Sold
$2,200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1166 Fulton St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,522
8%
$124,175
-66%
2024
$14,374
8%
$360,180
20%
2023
$13,310
10%
$300,150
20%
2022
$12,092
—
$250,200
25%
2021
$12,092
1%
$200,250
3%
2020
$11,914
8%
$194,400
20%
2019
$11,032
14%
$162,000
98%
2017
$9,644
—
$81,893
8%
2017
$9,644
-1%
$75,827
—
2016
$9,776
754%
$75,827
3%
2015
$1,145
-88%
$73,476
8%
2014
$9,162
17%
$68,034
8%
2013
$7,835
—
$62,995
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1166 Fulton St
1166 Fulton Street, Brooklyn, NY 11216 (MLS# 965428) is a Commercial property. 1166 Fulton Street is currently listed for $3,500,000 and was received on February 26, 2026. Want to learn more about 1166 Fulton Street? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

