TURN-KEY 2-FAM & STORE IN PRIME BROOKLYN LOCATION!
Unlock incredible cash flow with this fully renovated mixed-use 2-family building in one of Brooklyn’s most high-traffic, high-demand corridors—Fulton Street in Cypress Hills. Whether you’re looking to expand your portfolio or step into a live-and-earn scenario, this property delivers immediate income and long-term upside.
Completely gut-renovated in the last five years—no deferred maintenance, no upfront repairs. Upgrades include all-new electric, plumbing, roof, walls, modern kitchens with granite countertops, sleek bathrooms, gleaming hardwood floors, and separate hot-water heating systems for each unit.
The building features:
• Two spacious 3-bedroom apartments, each with a sun-filled living room, modern kitchen, and stylish bath, currently generating $3,000/month each.
• A fully renovated ground-floor beauty salon with high-end fixtures, new mechanicals, and exceptional visibility. The salon business is also available for purchase, offering the buyer a rare turn-key business + real estate package.
Projected Gross Annual Income: $126,000
Projected Net Operating Income: $111,918
Nearly 7% CAP Rate—an exceptional return in a high-growth Brooklyn market!
Located just steps from the J & Z trains at Crescent Street, surrounded by endless retail, restaurants, and essential services on Fulton Street, this is a location that renters and businesses love. Cypress Hills continues to thrive with redevelopment and city investment, making this not just a smart buy—but a strategic one.
Invest with confidence. Collect rent from day one. Own a piece of Brooklyn’s future.
Active
Price cut: $200K (8/4)
$1,499,999
3299 Fulton St APT 1, Brooklyn, NY 11208
6beds
3,645sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$412/sqft
$-- HOA
What's special
Stylish bathHigh-end fixturesSleek bathroomsSeparate hot-water heating systemsModern kitchenGleaming hardwood floors
- 114 days
- on Zillow |
- 216 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 10:27am
Listing by:
REMAX Central 917-440-8360,
Jose Paucar
Source: StreetEasy,MLS#: S1767705
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Cooling
- Central Air
Features
- Flooring: Hardwood
Interior area
- Total structure area: 3,645
- Total interior livable area: 3,645 sqft
Property
Details
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1920
Community & HOA
Community
- Subdivision: Cypress Hills
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $412/sqft
- Annual tax amount: $6,276
- Date on market: 4/25/2025
- Loading
- Loading