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$1,499,999
Est. payment /mo
3,645 SqFt
UPDATED:
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 $411
MLS Listing ID 494720
Year Built 1920
Annual Tax Amount $6,282
Lot Dimensions 20X79
Property Sub-Type Mixed Use
Property Description
EXCLUSIVE TURN-KEY MIXED-USE BUILDING IN PRIME BROOKLYN LOCATION
Unlock exceptional cash flow and long-term value with this fully renovated two-family plus commercial property located on the bustling Fulton Street corridor in Cypress Hills. Perfect for investors or owner-occupants seeking a live-and-earn opportunity, this building offers immediate income with nearly 8% projected cap rate and no deferred maintenance.
Completely gut-renovated within the last five years, the property features all-new electric, plumbing, roofing, walls, and mechanicals. Each unit is outfitted with sleek, modern kitchens boasting granite countertops, stylish bathrooms, gleaming hardwood floors, and separate hot-water heating systems. Both residential apartments are spacious three-bedroom layouts with sunlit living rooms and updated finishes, currently generating $3,000 per month each.
The ground-floor commercial space is a fully renovated beauty salon with upscale fixtures, new systems, and excellent visibility—ready to operate from day one. The salon business is also available for purchase, offering a rare opportunity to own both real estate and a turn-key business.
Projected gross annual income is $126,000 with a net operating income of $111,918. Just minutes from the J and Z trains at Crescent Street and surrounded by nonstop foot traffic, retail, and essential services, this location continues to attract renters and businesses alike. With ongoing redevelopment and public investment throughout Cypress Hills, this is more than a smart investment—it's a strategic one.
Collect rent from day one and secure your place in one of Brooklyn's fastest-growing neighborhoods.
Unlock exceptional cash flow and long-term value with this fully renovated two-family plus commercial property located on the bustling Fulton Street corridor in Cypress Hills. Perfect for investors or owner-occupants seeking a live-and-earn opportunity, this building offers immediate income with nearly 8% projected cap rate and no deferred maintenance.
Completely gut-renovated within the last five years, the property features all-new electric, plumbing, roofing, walls, and mechanicals. Each unit is outfitted with sleek, modern kitchens boasting granite countertops, stylish bathrooms, gleaming hardwood floors, and separate hot-water heating systems. Both residential apartments are spacious three-bedroom layouts with sunlit living rooms and updated finishes, currently generating $3,000 per month each.
The ground-floor commercial space is a fully renovated beauty salon with upscale fixtures, new systems, and excellent visibility—ready to operate from day one. The salon business is also available for purchase, offering a rare opportunity to own both real estate and a turn-key business.
Projected gross annual income is $126,000 with a net operating income of $111,918. Just minutes from the J and Z trains at Crescent Street and surrounded by nonstop foot traffic, retail, and essential services, this location continues to attract renters and businesses alike. With ongoing redevelopment and public investment throughout Cypress Hills, this is more than a smart investment—it's a strategic one.
Collect rent from day one and secure your place in one of Brooklyn's fastest-growing neighborhoods.
Location
State NY
County Kings (brooklyn)
Area Cypress Hills
Zoning R5
Rooms
Basement Full
Interior
Interior Features None
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 3
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Re/Max Central