2186 Fulton Street

Description

Welcome to 2186 Fulton Street – Prime 4-Family Investment Opportunity in Ocean Hill, Brooklyn, This impressive 4-family property offers approximately 4,800 square feet of living space, presenting an exceptional opportunity for both investors and end-users alike. Unit 1 (First Floor): Upon key fob entry, you’re welcomed into a spacious 2-bedroom, 1-bathroom apartment spanning 1,086 sq ft. This unit features organic hardwood floors, well-proportioned bedrooms positioned on opposite ends (north and south exposure), and a thoughtfully designed layout with a separate living room and dining area. Unit 2 (Second Floor): A beautifully renovated (2019) 2-bedroom, 2-bathroom unit offering 1,200 sq ft. Highlights include hardwood flooring, stainless steel appliances, recessed lighting, and a convenient pass-through kitchen with ample counter space. Bathrooms are upgraded with LED lighting, sliding glass shower doors, linoleum tile flooring, and granite backsplash finishes. Unit 3 (Third Floor): Currently configured as a 2-bedroom, 1-bathroom unit (1,200 sq ft) and will be delivered vacant at closing. This unit presents a value-add opportunity to convert into a 4-bedroom layout, with an estimated rental income of $3,850–$4,000/month. Unit 4 (Fourth Floor): A 1,314 sq ft unit requiring a full gut renovation, offering maximum flexibility to design to your specifications. Potential to create a 4-bedroom, 2-bathroom apartment, also projected to generate $3,850–$4,000/month in rental income. Location & Transportation: Situated in the rapidly developing Ocean Hill neighborhood of Brooklyn, this property is just one block from the A, C, and J subway lines, with Broadway Junction only one stop away, providing access to the A, C, J, L, and Z trains for seamless commuting throughout NYC. ***Delivered with 2 Tenants and 2 Vacancies**** PORFORMA 9.5% CAP RATE