Description

JLL Capital Markets has been retained on an exclusive basis to represent the sale of 11-15 Old Fulton Street, three mixed-use properties in the heart of Dumbo. The Portfolio is anchored by Brooklyn Gifts & Haagen-Dazs / Cinnabon, and is comprised of 12 free-market residential units. One of the three retail spaces (1,800 SF) will be delivered vacant. 11-15 Old Fulton Street represents a rare opportunity to acquire a three-building mixed-use portfolio totaling approximately 24,478 SF in the heart of DUMBO—one of New York City’s most coveted and supply-constrained neighborhoods. The Portfolio comprises 12 free-market residential units and 4,600 SF of ground-floor retail across 3 buildings, strategically positioned on one of DUMBO’s premier retail corridors with unmatched visibility and foot traffic. The property is 90% leased, with one 1,800 SF retail space delivered vacant, offering immediate value-add potential.

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Attributes

Total Portfolio SF

24,478 SF

Total Residential Units

Buildings

Total Retail RSF

4,600

Leased

90%

Media

Investment Highlights

STRONG RETAIL ANCHORS IN HIGH-VELOCITY MARKET

The Portfolio is anchored by nationally recognized tenants including Häagen-Dazs, Cinnabon, and Brooklyn Gifts. Exceptional retail velocity reflects sustained consumer demand and the neighborhood's premier status. The vacant 1,800 SF retail space offers an excellent value-add opportunity.

TURN-KEY INVESTMENT WITH IMMEDIATE UPSIDE

All 12 free-market apartments are under-market relative to current rates, offering immediate upside potential without renovation. High-quality finishes and in-unit washer/dryers ensure minimal capital expenditure. DUMBO's condo and rental markets are among Brooklyn's strongest, with recent sales averaging over $2,000 PSF and rents exceeding $100 PSF. Limited inventory and neighborhood prestige drive robust demand.

UNPARALLELED LOCATION & FOOT TRAFFIC

Located in DUMBO's tourist and dining epicenter, the properties are surrounded by iconic destinations including Juliana's, Brooklyn Ice Cream Factory, Grimaldi's, and The River Cafe. Positioned steps from Brooklyn Bridge Park and the East River waterfront with sweeping Manhattan skyline views, the site benefits from exceptional pedestrian activity. The properties are within walking distance of Jane's Carousel, Empire Fulton Ferry, and 1 Hotel Brooklyn Bridge.

CONNECTIVITY

Old Fulton Street is within a 5–10 minute walk of the F, A/C, and 2/3 trains, as well as the DUMBO Ferry Terminal. The location offers a 10-minute commute to FiDi and 25 minutes to Midtown, appealing to professionals and families drawn to DUMBO's excellent schools, tech-forward atmosphere, and thriving arts and dining culture.