Multi Family - Commercial
10 bed, 5 bath
4,000 SF
For Sale
Introducing 2693 Fulton St an impressive two family over commercial store & 2 garages on Fulton Street in brooklyn. This property will be delivered as-is (FULLY VACANT) with the violations extant. Access is possible. Reach out for times. Perfect for an end user buyer or investor who is familiar with the area. The projected cap rate is 9% at full occupancy. (negotiable) DIRECTLY ACROSS the street from a new 150 unit development site almost completed, will be rentals. Projected income 1Fl Store $3500/mo 2Fl Apt 3Br/1Ba $2500/mo 3Fl Apt 3Br/1Ba $2500/mo 2 Car Garage $500/mo $9000/mo X 12= $108,000 Expenses: RE Tax: $3815 Water: $2500 Insurance:$3000 Electric. $1200 Super: $2000 Total: $12,515 Projected NOI: $95,485 Projected Cap Rate 9%