1118 FULTON STREET, Brooklyn, NY 11216

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$2,499,000 List Price
Off Market
 
Listing ID 10277021
Property Type Commercial Building
County Kings
Township New York
Neighborhood Clinton Hill
School New York City Schools
FEMA Flood Map fema.gov/portal
   
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INVESTMENT OPPORTUNITY TO MIXED USED 2 UNIT APARTMENT WITH EXTRA LARGE STORE FRONT AVAILABLE FOR SALE IN THE MOST SOUGHT AFTER LOCATION THE GOLD SPOT OF CLINTON HILL AND BEDFORD - STUYVESANT IS AVAILABLE FOR GRAB EASY TRANS - CITI BIKES RACKS ON THE CORNER OF THE BLOCK, BUSES AND A, C & S TRAINS ON FRANKLIN AVENUE ON FULTON STREET FEW MINUTES TO BARCLAYS CENTRE AND ATLANTIC MALL, MACY'S, DSW, TARGET, DMV AND MORE, MARSHALL, APPLEBEES & MORE SEIZE THE OPPORTUNITY AND GRAB THIS GOLD MINE TO SECURE YOUR HARD EARNED INVESTMENT AND PLACE THIS ON EVER APPRECIATING VALUE UP , UP & UP ASKING=$ 2,499,000 THE PROPERTY IS 2 UNIT OF 2 BEDROOMS AND OVER 3200 SQFT OF STORE FRONT AND WITH SEPARATE FULL BASEMENT & EXTENDED RETAIL CURRENTLY USED AS EVENT HALL AT BACK OF THE STORE FRONT. WITH OVER 1500 SQFT UNDEVELOPED LOT AT THE BACK OF THE PROPERTY DEFINITELY THE PROPERTY IS SELLING AS IS IN A VERY PRIME COMMERCIAL LOCATION OF CLINTON HILL & BEDSTUY STUYVESANT. SURROUNDED BY ONGOING NEW DEVELOPMENTS PROPERTIES INCOME 2 BEDS X 2 UNIT X $2.5K = $5000 STORE FRONT, WITH BASEMENT & EXTENDED RETAIL (CURRENTLY USED AS EVENT HALL AT THE BACK) = $6000 THE ANNUAL NET INCOME IS OVER $120,000 KNOWN EXPENSES IS ABOUT $12,000 PER YEAR CALL FOR PRIVATE VIEWING THE CAP RATE IS OVER 7% AND THE RETAIL HAS EXTENSION (ALSO WITH AVAILABLE OPEN SPACE / UNDEVELOPED LOT AT THE BACK). NOT VACANT NOW BUT SELLER CAN DELIVER VACANT AFTER BUYER SIGNS CONTRACT. SELLER PREFERS 1031 EXCHANGE OR CASH BUYERS CALL SAM NOW TO CLOSE THIS HOT DEALS
Property Details
  • 3 Full Baths
  • 4208 SF
  • Available 11/01/2015
  • Full Basement
  • 3200 Lower Level SF
  • Lower Level: Finished
Interior Features
  • Natural Gas Fuel
Previously Listed By
VORO NEW YORK
Office: 347-458-5542
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