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$ 1,699,999
Est. payment | /mo
3,645 SqFt
$ 1,699,999
Est. payment | /mo
3,645 SqFt
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,645 sqft
Price per Sqft $466
MLS Listing ID 492156
Year Built 1920
Annual Tax Amount $6,282
Lot Dimensions 20X79
Property Sub-Type Mixed Use
Property Description
TURN-KEY 2-FAM & STORE IN PRIME BROOKLYN LOCATION!
Unlock incredible cash flow with this fully renovated mixed-use 2-family building in one of Brooklyn's most high-traffic, high-demand corridors—Fulton Street in Cypress Hills. Whether you're looking to expand your portfolio or enter into a live-and-earn scenario, this property delivers immediate income and long-term upside.
Completely gut-renovated in the last five years—no deferred maintenance, no upfront repairs. Upgrades include all-new electric, plumbing, roof, walls, modern kitchens with granite countertops, sleek bathrooms, gleaming hardwood floors, and separate hot-water heating systems for each unit.
The building features:
• Two spacious 3-bedroom apartments, each with a sun-filled living room, modern kitchen, and stylish bath, currently generating $3,000/month each.
• A fully renovated ground-floor beauty salon with high-end fixtures, new mechanicals, and exceptional visibility. The salon business is also available for purchase, offering the buyer a rare turn-key business + real estate package.
Projected Gross Annual Income: $126,000
Projected Net Operating Income: $111,918
Nearly 7% CAP Rate—an exceptional return in a high-growth Brooklyn market!
Located just minutes from the J & Z trains at Crescent Street, surrounded by endless retail, restaurants, and essential services on Fulton Street, this is a location that renters and businesses love. Cypress Hills continues to thrive with redevelopment and city investment, making this not just a smart buy—but a strategic one.
Invest with confidence. Collect rent from day one. Own a piece of Brooklyn's future.
Unlock incredible cash flow with this fully renovated mixed-use 2-family building in one of Brooklyn's most high-traffic, high-demand corridors—Fulton Street in Cypress Hills. Whether you're looking to expand your portfolio or enter into a live-and-earn scenario, this property delivers immediate income and long-term upside.
Completely gut-renovated in the last five years—no deferred maintenance, no upfront repairs. Upgrades include all-new electric, plumbing, roof, walls, modern kitchens with granite countertops, sleek bathrooms, gleaming hardwood floors, and separate hot-water heating systems for each unit.
The building features:
• Two spacious 3-bedroom apartments, each with a sun-filled living room, modern kitchen, and stylish bath, currently generating $3,000/month each.
• A fully renovated ground-floor beauty salon with high-end fixtures, new mechanicals, and exceptional visibility. The salon business is also available for purchase, offering the buyer a rare turn-key business + real estate package.
Projected Gross Annual Income: $126,000
Projected Net Operating Income: $111,918
Nearly 7% CAP Rate—an exceptional return in a high-growth Brooklyn market!
Located just minutes from the J & Z trains at Crescent Street, surrounded by endless retail, restaurants, and essential services on Fulton Street, this is a location that renters and businesses love. Cypress Hills continues to thrive with redevelopment and city investment, making this not just a smart buy—but a strategic one.
Invest with confidence. Collect rent from day one. Own a piece of Brooklyn's future.
Location
State NY
County Kings (brooklyn)
Area Cypress Hills
Zoning R5
Rooms
Basement Full
Interior
Interior Features Restrooms - Public
Hot Water Electric, Gas
Heating Oil
Flooring Hardwood
Heat Source Oil
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 3
Foundation Block
Others
Energy Description Oil
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Re/Max Central
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