6.2% CAP RATE IN PRIME BROOKLYN LOCATION!! PRICED TO SELL!! A three-story mixed-use building located on Fulton Street in prime Clinton Hill. A RARE opportunity to own this property with a ground floor commercial space and 2 floor through totally renovated residential units above. This 1930 pre-war building is solidly built and is a WIN for an investor, a 1031 exchange use, or an end-user. Developers may potentially have the opportunity to bulk up vertically by filing an ALT1 with the Board of Standards and Appeals. Check with your architect. The current layout is as follows: Ground Floor: Commercial with 30 ft of frontage on Fulton with a tenant in place Ground Floor: Access to two upstairs floor through units 2nd Floor: 2 bed/1 bath floor-through apartment with office space. 3rd Floor: 3 or 2 bed w/office 1 bath floor-through apartment Cellar/Basement: Access through commercial space only. large space with storage, boiler room, and utilities Additional building improvements include fully renovated apartments with all new plumbing and wiring and all new breaker boxes. Building will be delivered with tenants in place. Interior Square ft: 3045 Lot Size: 20.83 x 42.42 x 28.33 Lot Square ft. 884 Building Width: 20.83 x 40 x 28.33 Far: 3.34
Features
6 bedrooms
3 bathrooms
3045 sq. ft. floor area
cottageCondo
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