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2693 Fulton St
Brooklyn, NY 11207

Multifamily Property For Sale · 2 Units

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Investment Highlights

The projected cap rate is 9% at full occupancy.

This property will be delivered as-is, fully vacant.

Executive Summary

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. The setup is attached below. Access is also 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)
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%

PROPERTY FACTS

Price Per Unit	$525,000	Building Class	C
Sale Type	Investment	Lot Size	0.04 AC
Cap Rate	9%	Building Size	4,400 SF
Sale Conditions	1031 Exchange High Vacancy Property Building in Shell Condition	No. Stories	3
No. Units	2	Year Built	1945
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment

Price Per Unit	$525,000
Sale Type	Investment
Cap Rate	9%
Sale Conditions	1031 Exchange High Vacancy Property Building in Shell Condition
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.04 AC
Building Size	4,400 SF
No. Stories	3
Year Built	1945
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Heating

PROPERTY TAXES

Parcel Number	03662-0055	Improvements Assessment	$44,340
Land Assessment	$13,200	Total Assessment	$57,540

PROPERTY TAXES

Parcel Number

03662-0055

Land Assessment

$13,200

Improvements Assessment

$44,340

Total Assessment

$57,540

zoning

Zoning Code	C4-4L (Regional Commercial Center)
C4-4L (Regional Commercial Center)

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Listing ID: 29208846
Date on Market: 8/7/2023
Last Updated:
Address: 2693 Fulton St, Brooklyn, NY 11207

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