Brooklyn NY MLS

[Cypress Hills Real Estate, listing number 3304440]

Description: 3304440

TURN-KEY 2-FAM & STORE IN PRIME BROOKLYN LOCATION! Unlock incredible cash flow with this fully renovated mixed-use 2-family building in one of Brooklynâ??s most high-traffic, high-demand corridorsâ??Fulton Street in Cypress Hills. Whether youâ??re looking to expand your portfolio or enter into a live-and-earn scenario, this property delivers immediate income and long-term upside. Completely gut-renovated in the last five yearsâ??no deferred maintenance, no upfront repairs. Upgrades include all-new electric, plumbing, roof, walls, modern kitchens with granite countertops, sleek bathrooms, gleaming hardwood floors, and separate hot-water heating systems for each unit. The building features: â?¢ Two spacious 3-bedroom apartments, each with a sun-filled living room, modern kitchen, and stylish bath, currently generating $3,000/month each. â?¢ A fully renovated ground-floor beauty salon with high-end fixtures, new mechanicals, and exceptional visibility. The salon business is also available for purchase, offering the buyer a rare turn-key business + real estate package. Projected Gross Annual Income: $126,000 Projected Net Operating Income: $111,918 Nearly 7% CAP Rateâ??an exceptional return in a high-growth Brooklyn market! Located just minutes from the J & Z trains at Crescent Street, surrounded by endless retail, restaurants, and essential services on Fulton Street, this is a location that renters and businesses love. Cypress Hills continues to thrive with redevelopment and city investment, making this not just a smart buyâ??but a strategic one. Invest with confidence. Collect rent from day one. Own a piece of Brooklynâ??s future.

Details:
	Families:	2
	Property Type:	Mixed Use
	Lot Size:	20X79
	Built:	1920

Financials:
	Price:	$1,699,999

Re/Max Central
Jose L. Paucar
Office: (732)972-1000
provided by Brooklyn NY MLS

3299 Fulton Street, Cypress Hills, NY 11208

About Us

Buy

Sell

Contact Us

Brooklyn NY MLS