1263 Fulton St Brooklyn, NY 11216

This exceptional mixed-use property at 1263 Fulton Street in Brooklyn, New York, presents a lucrative investment opportunity. The three-story building, constructed in 1910 and encompassing 2,000 square feet, boasts a prime retail storefront and two 2-bedroom apartments. Currently operating at 100% occupancy, the property generates substantial income. The ground floor storefront commands a monthly rent of $7,500, while the two apartments rent for $2,100 and $2,000 respectively, under a modified lease structure with a remaining term of 5 years and 3% annual rent bumps. The property is zoned C4-5D, offering flexibility for future development. Annual expenses include $27,000 in taxes, $3,800 in insurance, and $4,000 in water costs. The building sits on a 20x100 foot lot. This multi-tenant investment property is offered at $3,300,000 and represents a strong return on investment in a highly desirable Brooklyn location. The property's strong cash flow, prime location, and existing tenant base make it an ideal acquisition for savvy investors seeking a stable and appreciating asset. The three units provide a diversified income stream, mitigating risk and maximizing potential returns.