Property 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

Property Features

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