2186 Fulton St Apt 4
Listing Notes
Welcome to 2186 Fulton Street - Prime 4-Family Investment Opportunity in Ocean Hill, Brooklyn, This impressive 4-family property offers approximately 4,800 square feet of living space, presenting an exceptional opportunity for both investors and end-users alike. Unit 1 (First Floor): Upon key fob entry, you're welcomed into a spacious 2-bedroom, 1-bathroom apartment spanning 1,086 sq ft. This unit features organic hardwood floors, well-proportioned bedrooms positioned on opposite ends (north and south exposure), and a thoughtfully designed layout with a separate living room and dining area. Unit 2 (Second Floor): A beautifully renovated (2019) 2-bedroom, 2-bathroom unit offering 1,200 sq ft. Highlights include hardwood flooring, stainless steel appliances, recessed lighting, and a convenient pass-through kitchen with ample counter space. Bathrooms are upgraded with LED lighting, sliding glass shower doors, linoleum tile flooring, and granite backsplash finishes. Unit 3 (Third Floor): Currently configured as a 2-bedroom, 1-bathroom unit (1,200 sq ft) and will be delivered vacant at closing. This unit presents a value-add opportunity to convert into a 4-bedroom layout, with an estimated rental income of $3,850-$4,000/month. Unit 4 (Fourth Floor): A 1,314 sq ft unit requiring a full gut renovation, offering maximum flexibility to design to your specifications. Potential to create a 4-bedroom, 2-bathroom apartment, also projected to generate $3,850-$4,000/month in rental income. Location & Transportation: Situated in the rapidly developing Ocean Hill neighborhood of Brooklyn, this property is just one block from the A, C, and J subway lines, with Broadway Junction only one stop away, providing access to the A, C, J, L, and Z trains for seamless commuting throughout NYC. ***Delivered with 2 Tenants and 2 Vacancies**** PORFORMA 9.5% CAP RATE
Price in context
Cheaper than 37% of the 24 homes listed nearby right now, which run $750,000 to $1,690,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1446 Herkimer St | $750,000 | — |
| 284 Macdougal St | $819,000 | 3 bd · 2 ba |
| 26 Gunther Pl | $875,000 | 3 bd · 3 ba |
| 26 Gunther Pl | $875,000 | 3 bd · 3 ba |
| 28 Marconi Pl | $900,000 | 3 bd · 3 ba |
| 1898 Eastern Pkwy | $980,000 | 2 bd · 2 ba |
| 18 Pleasant Pl | $999,000 | 6 bd · 3 ba |
| 2271A Pacific St | $999,000 | 5 bd · 4 ba |
| 2271 Pacific St | $1,088,000 | 5 bd · 4 ba |
| 2296 Atlantic Ave | $1,100,000 | 3 ba |
| 2294 Atlantic Ave | $1,100,000 | 6 bd · 3 ba |
| 10 Monaco Pl | $1,200,000 | 8 bd · 2 ba |
| 10 Gunther Pl | $1,200,000 | 6 bd · 3 ba |
| 2352 Pacific St | $1,200,000 | 6 bd · 3 ba |
| 225 Rockaway Ave | $1,200,000 | 7 bd · 5 ba |
| 21 Aberdeen St | $1,345,000 | Studio |
| 1796 Eastern Pkwy | $1,349,000 | 6 bd · 4 ba |
| 71 Mother Gaston Blvd | $1,350,000 | Studio |
| 2346 Pacific St | $1,399,000 | 4 bd · 3 ba |
| 221 Macdougal St | $1,399,999 | 5 bd · 3 ba |
| 229 Macdougal St | $1,450,000 | 5 bd · 4 ba |
| 278 Sumpter St | $1,572,000 | 5 bd · 3 ba |
| 85 Rockaway Ave | $1,690,000 | 4 bd · 3 ba |
| 85 Rockaway Ave | $1,690,000 | 4 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more
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