1984 Fulton StBrooklyn, NY 11233

Property Details for 1984 Fulton St

Year built

1927

Lot size

0.04 AC

Property size (Sq ft)

5,084 SF

Zone code

R7D

Property type

Apartment buildings

APN

01548-0033

APU

15480033

Description

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.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6785

Longitude

-73.9192

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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