Remarks

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.

Details

MLS#: 492156
Price: $1,699,999

Style: Mixed Use
Sq Ft: 3645
Year Built: 1920

County: Kings (Brooklyn)
Tax Fee: 6282.00