2693 Fulton Street

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%