1057 Fulton St, Brooklyn, NY for sale

Investment Overview

Newmark has been retained on an exclusive basis to arrange for the sale of 1057 Fulton Street, Brooklyn, NY 11238 ("The Property"). The Property is a 10,337 square foot, four-story mixed-use corner building located along Fulton Street in the Clinton Hill neighborhood of Brooklyn. Originally converted from a daycare center into a residential mixed-use asset in 2020, 1057 Fulton Street consists of 13 residential apartments and one ground floor retail space. The Property benefits from statutorily fair market status and features a recently renovated residential component with modern finishes throughout, including stainless steel appliances, dishwashers, in-unit washer and dryers, individual hot water heaters, DOOR access system, and central air conditioning. The apartment mix is comprised of four studios, three two-bedroom units, three three-bedroom units, and three four-bedroom units, providing diversified rental income and broad tenant appeal. Ownership has further enhanced the tenant experience through amenities including a fitness area, bike room, and storage area. The ground floor retail space is occupied by Bati, a popular Ethiopian restaurant and bar with a full liquor license that adds a vibrant neighborhood retail presence to the asset. Located in the heart of Clinton Hill, 1057 Fulton Street is surrounded by a dynamic mix of restaurants, cafes, boutiques, and cultural destinations that continue to drive strong residential demand throughout the neighborhood. The Property is in close proximity to neighborhood attractions including Fort Greene Park, Barclays Center, and the Brooklyn Academy of Music, while also offering convenient access to green spaces such as Herbert Von King Park and Prospect Park. Major academic and employment anchors nearby include Pratt Institute, Long Island University Brooklyn, and the Brooklyn Navy Yard, which collectively support a deep and growing tenant base. Residents benefit from exceptional public transportation access with nearby service to the A, C, G, 2, 3, 4, and B subway lines, allowing for seamless connectivity through Brooklyn and Manhattan. The combination of strong neighborhood fundamentals, modern infrastructure, and transit accessibility positions the Property as an attractive long-term investment opportunity. All inquiries should be direct to Newmark.

Investment Highlights

• - 10,337 square foot, four-story mixed-use corner building in the heart of Clinton Hill
• - Comprised of 13 residential apartments and 1 ground floor retail space
• - Converted from a former daycare center into a residential mixed-use asset in 2020
• - Benefits from statutorily fair market status with long-term income growth potential
• - Residential units feature modern renovations including stainless steel appliances, dishwashers, in-unit washer/dryers, central air, and individual hot water heaters
• - Tenant amenities include a fitness area, bike room, storage area, and DOOR access system
• - Diverse apartment mix consisting of studios, two-bedroom, three-bedroom, and four-bedroom layouts
• - Ground floor retail occupied by Bati, an established Ethiopian restaurant with a full liquor license
• - Excellent access to public transportation via the A, C, G, 2, 3, 4, and B subway lines