1984 Fulton StBrooklyn, NY 11233

This bank-owned foreclosure presents a compelling investment opportunity in Brooklyn's Bedford Stuyvesant neighborhood. The property, located at 1984 Fulton St, is a four-story, six-unit apartment building constructed in 1927. Boasting a substantial 5,084 square feet of space, it sits on a 1,927 square foot lot. The building's classification is C-class multifamily. Currently generating a Net Operating Income (NOI) of $90,000, it offers a strong 10.06% capitalization rate. The asking price is $895,000. Property taxes are $6,000 annually. The building's corner location provides excellent visibility and accessibility. This stabilized investment property presents a rare chance to acquire a multifamily asset in a desirable Brooklyn location with significant potential for future appreciation. The building's six units are rent-stabilized. Further details are available upon request. This is a bank-owned foreclosure, offering a potentially advantageous acquisition opportunity.