2142 Fulton Street is a 3 unit Brownstone with 2 residential spaces and 1 commercial space. Built 20x100 on the first floor and 20x50 on the top two floors, with a full cellar that serves as additional storage for the commercial space. In 1951, a CofO was issued for the building. Its most recent update was in 2017 when the building underwent a full gut renovation.
The commercial space is currently rented for $3,376.53. The residential units have leases expiring this summer and will be delivered vacant. Unit 2 is a 3 bedroom, 1 bathroom apartment with a private roof deck and will command $2,950/month in the peak of rental season. The 3rd floor unit is a 3 bedroom, 1 bathroom apartment and will rent for approx. $2,750. Both units were gut renovated in 2017, and feature exposed brick, central heat and air, and high ceilings. They both get a ton of sunshine through both exposures. This building has a potential rent roll close to $100,000/ year and is being offered at a 6.3% cap rate.
Located on the corner of Fulton and Rockaway, less than 100ft from the C train, and close to the J, Z, A, and L trains. Kiddie corner to Daily Press Coffee House and Bar, where you can get amazing breakfast burritos, coffee and drinks! On the same block as Macraron Coffee Bar which has delicious breakfast sandwiches and acai bowls. 4.5 blocks to All Night Skate, and 4 to Love, Nelly Bakery. This area has seen significant growth over the past 5 years, with more to come!