2186 Fulton Street 4,Brooklyn, NY 11233
Brooklyn, NY 11233
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
Details
| MLS # | 985412 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1910 |
| Days On Site | 148 |
| Listing Provided By | Compass Greater NY LLC | Joseph L. Martinez |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 4,800 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.05 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Interior Features | First Floor Bedroom, First Floor Full Bath |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | On Street |
Utilities
| Utilities | Electricity Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 440550 |
| Tax Annual Amount | 7033.04 |
| Tax Lot | 27 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11233 |
| Listing VS Median (in 11233) | |
Price: $1,250,000 low | high Med: $1,200,000 sqft: 4,800 low | high Med: 2,652 $ / sqft: $260 low | high Med: $452 On site: 148 low | high Med: 323 | |
Market Activity 11233
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11233 |
| Listing VS Median (in 11233) | |
Price: $1,250,000 low | high Med: $1,200,000 sqft: 4,800 low | high Med: 2,652 $ / sqft: $260 low | high Med: $452 On site: 148 low | high Med: 323 | |
