street - Agorafy
1074
®
fulton
street
For sale | mixed-use building| clinton hill, NY, 11238
Investment Summary
Property Facts
CPEX Real Estate is hired exclusively to market for sale 1074 Fulton Street. The four-story mixed-use building has six renovated one-bedroom apartments and a ground floor commercial unit, which will be delivered fully vacant. This is an excellent investment opportunity for an investor or owner-operator seeking to maximize income in an outstanding retail neighborhood and strong residential market.
Address:
1074 Fulton St., Brooklyn, NY 11238
Location:
Between Franklin Ave. & Classon Ave.
Block/Lot:
2016/15
Lot Dimensions:
24' x 121'*
Floors:
4
Units:
7
Lot Size:
2,904*
Building Dimensions:
24' x 79'*
Gross Building SF:
5,230 SF*
Gross Commercial SF:
1,897 SF*
Gross Residential SF:
3,333 SF*
Zoning:
C2-4/R7D
FAR:
4.20
Buildable SF:
12,197 SF
Available Air Rights:
6,967 SF
Assessment (14/15):
$51,847
Taxes (2014/15):
$9,932
*Approximate
* Approximate
Demographics Description Distance (Miles) Population 2015 Estimate
Radius 1 0.00- 0.50
Radius 2 Radius 3 0.00- 1.00 0.00- 2.00
41,129
109,886
186,674
2015 Est. Average Household Income
$79,415
$75,904
$78,970
Traffic Count
6,844 (cars/day)
Myrtle & Wyckoff Subway Ridership
2,049,246 (passengers/year)
ASKING PRICE: $3,150,000 For Further Information, Please Contact Exclusive Sales Team: Brian Leary 718.687.4200 [email protected]
Sean R. Kelly, Esq. 718.687.4205 [email protected]
James O’Neill 718.687.4236 [email protected]
Sean Sears 718.687.4227 [email protected]
Keat Chew 718.687.4209 [email protected]
CPEX Real Estate | 81 Willoughby Street, 8th Fl | Brooklyn, NY 11201 | Tel: (718) 935-1800 | Fax: (718) 935-1822 | www.cpexre.com
All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. IT IS STRONGLY URGED THAT THE PROSPECTIVE PURCHASER CAREFULLY VERIFY EACH ITEM OF SIZE, RE TAXES, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.
1074
®
fulton
street
For sale | mixed-use building| clinton hill, NY, 11238
Projected Income & Expenses Revenue Commercial Income
$60,000
Residential Income
$144,000
Gross Annual Income
$204,000
Less Vacancy & Collection (4%)
$8,160
Effective Gross Income
$195,840
Expenses Real Estate Taxes (14-15)
$7,752
Water/Sewer
$5,400
Insurance
$5,230
Heat
$5,499
Electric (Common Area)
1074
$480
Repairs & Maintenance (3%)
$5,875
Management (3%)
$5,875
Total Expenses
$36,112
Net Operating Income (NOI)
$159,728
Projected Cap Rate
5%
Note: Taxes are based on tax year 2014/2015.
Transportation
C
ue ven nA
Flatbush Avenue
nkli
2106
Fra
ue
Fulton Street
n Ave on lass
fulton
street
The property is located on the same block as the C Subway line at the Franklin Avenue Station. The B25, B26, B48, & B49 MTA bus lines service the immediate area, providing direct access to Downtown Brooklyn, Bedford-Stuyvesant, Greenpoint, Lefferts Gardens, Manhattan Beach, Broadway Junction, & Ridgewood. The Brooklyn-Queens Expressway (I-278) is less than 10 minutes by car, providing quick access to Manhattan, Queens, & Long Island.
ASKING PRICE: $3,150,000 For Further Information, Please Contact Exclusive Sales Team: Brian Leary 718.687.4200 [email protected]
Sean R. Kelly, Esq. 718.687.4205 [email protected]
James O’Neill 718.687.4236 [email protected]
Sean Sears 718.687.4227 [email protected]
Keat Chew 718.687.4209 [email protected]
CPEX Real Estate | 81 Willoughby Street, 8th Fl | Brooklyn, NY 11201 | Tel: (718) 935-1800 | Fax: (718) 935-1822 | www.cpexre.com
All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. IT IS STRONGLY URGED THAT THE PROSPECTIVE PURCHASER CAREFULLY VERIFY EACH ITEM OF SIZE, RE TAXES, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.
®
fulton
street
For sale | mixed-use building| clinton hill, NY, 11238
Investment Summary
Property Facts
CPEX Real Estate is hired exclusively to market for sale 1074 Fulton Street. The four-story mixed-use building has six renovated one-bedroom apartments and a ground floor commercial unit, which will be delivered fully vacant. This is an excellent investment opportunity for an investor or owner-operator seeking to maximize income in an outstanding retail neighborhood and strong residential market.
Address:
1074 Fulton St., Brooklyn, NY 11238
Location:
Between Franklin Ave. & Classon Ave.
Block/Lot:
2016/15
Lot Dimensions:
24' x 121'*
Floors:
4
Units:
7
Lot Size:
2,904*
Building Dimensions:
24' x 79'*
Gross Building SF:
5,230 SF*
Gross Commercial SF:
1,897 SF*
Gross Residential SF:
3,333 SF*
Zoning:
C2-4/R7D
FAR:
4.20
Buildable SF:
12,197 SF
Available Air Rights:
6,967 SF
Assessment (14/15):
$51,847
Taxes (2014/15):
$9,932
*Approximate
* Approximate
Demographics Description Distance (Miles) Population 2015 Estimate
Radius 1 0.00- 0.50
Radius 2 Radius 3 0.00- 1.00 0.00- 2.00
41,129
109,886
186,674
2015 Est. Average Household Income
$79,415
$75,904
$78,970
Traffic Count
6,844 (cars/day)
Myrtle & Wyckoff Subway Ridership
2,049,246 (passengers/year)
ASKING PRICE: $3,150,000 For Further Information, Please Contact Exclusive Sales Team: Brian Leary 718.687.4200 [email protected]
Sean R. Kelly, Esq. 718.687.4205 [email protected]
James O’Neill 718.687.4236 [email protected]
Sean Sears 718.687.4227 [email protected]
Keat Chew 718.687.4209 [email protected]
CPEX Real Estate | 81 Willoughby Street, 8th Fl | Brooklyn, NY 11201 | Tel: (718) 935-1800 | Fax: (718) 935-1822 | www.cpexre.com
All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. IT IS STRONGLY URGED THAT THE PROSPECTIVE PURCHASER CAREFULLY VERIFY EACH ITEM OF SIZE, RE TAXES, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.
1074
®
fulton
street
For sale | mixed-use building| clinton hill, NY, 11238
Projected Income & Expenses Revenue Commercial Income
$60,000
Residential Income
$144,000
Gross Annual Income
$204,000
Less Vacancy & Collection (4%)
$8,160
Effective Gross Income
$195,840
Expenses Real Estate Taxes (14-15)
$7,752
Water/Sewer
$5,400
Insurance
$5,230
Heat
$5,499
Electric (Common Area)
1074
$480
Repairs & Maintenance (3%)
$5,875
Management (3%)
$5,875
Total Expenses
$36,112
Net Operating Income (NOI)
$159,728
Projected Cap Rate
5%
Note: Taxes are based on tax year 2014/2015.
Transportation
C
ue ven nA
Flatbush Avenue
nkli
2106
Fra
ue
Fulton Street
n Ave on lass
fulton
street
The property is located on the same block as the C Subway line at the Franklin Avenue Station. The B25, B26, B48, & B49 MTA bus lines service the immediate area, providing direct access to Downtown Brooklyn, Bedford-Stuyvesant, Greenpoint, Lefferts Gardens, Manhattan Beach, Broadway Junction, & Ridgewood. The Brooklyn-Queens Expressway (I-278) is less than 10 minutes by car, providing quick access to Manhattan, Queens, & Long Island.
ASKING PRICE: $3,150,000 For Further Information, Please Contact Exclusive Sales Team: Brian Leary 718.687.4200 [email protected]
Sean R. Kelly, Esq. 718.687.4205 [email protected]
James O’Neill 718.687.4236 [email protected]
Sean Sears 718.687.4227 [email protected]
Keat Chew 718.687.4209 [email protected]
CPEX Real Estate | 81 Willoughby Street, 8th Fl | Brooklyn, NY 11201 | Tel: (718) 935-1800 | Fax: (718) 935-1822 | www.cpexre.com
All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. IT IS STRONGLY URGED THAT THE PROSPECTIVE PURCHASER CAREFULLY VERIFY EACH ITEM OF SIZE, RE TAXES, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.
