$1,699,999
bedrooms
0
bathrooms
0
square feet
3,645
Acreage
0.037075298438934805
Open Houses
-
year built
1920
Full Baths
0
Half Baths
0
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 Brooklyn’s most high-traffic, high-demand corridors—Fulton Street in Cypress Hills. Whether you’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 years—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:
• Two spacious 3-bedroom apartments, each with a sun-filled living room, modern kitchen, and stylish bath, currently generating $3,000/month each.
• 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 Rate—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 buy—but a strategic one.
Invest with confidence. Collect rent from day one. Own a piece of Brooklyn’s future.
Location | |
Subdivision | - |
County | Kings (Brooklyn) |
Elementary School | - |
Middle School | - |
High School | - |
Exact location data not provided
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Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Friday, April 25 2025 at 7:55 p.m. EDT
Kotohomes National
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