Real Eastate Classics

3043 Fulton Street, Cypress Hills, NY 11208

Previous slide
Next slide

List Price:$1,600,000

ML#: 3531729
Commercial
LSC: New
Village:
Sec/Area:
Taxes: $12,319.00
Dis:
Sec:
Block: 3943
Lot:16
APOD Attached:
Aprox Year Built: 1930
Zoning: R6
Lot Sqft: 1369
Type Sale: Property
Property Type: Mixed Use
Sale or Lease: Sale
Units: 2
Rent Per Sqft:
Available Interior Sqft: 3588
Sqft Source: Floor Plan
GLA Total in Building:
Office %:
Vacancy %:
Cross Street: Shepherd Avenue
Walk Score: 76
Directions: WWW.GOGGLEMAPS.COM
Business Currently Located At:
Agent Only Remarks: Introducing a three-story mixed-use building featuring two fully renovated three-bedroom apartments and a 1,196 sqf storefront with a half bathroom on the first floor, complemented by an additional 1,196sqf in the basement with 2 half bathrooms. The storefront is currently leased for $5,100, with the tenant also responsible for 30% of property taxes. The second-floor apartment commands a rent of $3,075. While the third floor is currently occupied, it can be delivered vacant and has the potential to rent for $3,500. Moreover, the property includes a rooftop area with a separate electric meter designed for advertising targeting train passengers.
Public Remarks: Introducing an exceptional three-story building hosting two beautiful apartments and a spacious storefront. The apartments boast lofty 9-foot-high ceilings, balconies, split system air conditioning, and feature a contemporary open concept design with three bedrooms and one bath per unit. The commercial space spans 1,1960 square feet on the first floor, accompanied by an additional 1,196 square feet in the finished basement, legally equipped with 3 half bathrooms and soaring ceilings. The rooftop is equipped with an independent electric meter, offering an opportunity to generate additional income by utilizing it for advertising, targeting thousands of daily commuters along the J train line.
Personal Property Exclusions:
Modifications Exclusions:
Business Type:
Desc of Business:
DBA:
Business Age:
Lease Years:
Inventory Included:
Inventory:
Lsehold Improve:
Fixtures and Equip:
Seats:
Business NOI:
RE Included:
Owner Operating Inc: $140,400
Owner Operating Exp: $11,623
Net Operating Inc: $128,777
Other Income:
Potential Rental Income: Y
Expenses: 
Gross Profit %:
Current Uses: Mixed
Building Size: 25′ X 47.85′
Number of Buildings:
Stories: 3
Under Steel:
Number of Docks:
Tail Board#: 0
Overhead Door: 0
Overhead Door Height: 0
Year Built Exception: New
Year Renovated: 2019
Space on Floor#:
Front Feet: 25 FEET
Parking Spaces at Bldg: 0
Parking Avail this Unit: 0
Auction Listing: N
Auction Terms of Sale Listing: N
Contract Vendee Listing: N
HVAC Tonnage:
Electric Phase: Three Phase
Amps:
Sewer Desc: Sewer
Water Desc:
Heating Fuel: Natural Gas
Heating Type: Heat Pump Air
Hotwater:

Business Info

Business Type:
Desc of Business:
DBA:
Business Age:
Lease Years:
Inventory Included:
Inventory:
Lsehold Improve:
Fixtures and Equip:
Seats:
Business NOI:
RE Included:

Annual Income 

Owner Operating Inc: $140,400
Owner Operating Exp: $11,623
Net Operating Inc: $128,777
Other Income:
Potential Rental Income: Y
Expenses: 
Gross Profit %:

Building Info 

Current Uses: Mixed
Building Size: 25′ X 47.85′
Number of Buildings:
Stories: 3
Under Steel:
Number of Docks:
Tail Board#: 0
Overhead Door: 0
Overhead Door Height: 0
Year Built Exception: New
Year Renovated: 2019
Space on Floor#:
Front Feet: 25 FEET
Parking Spaces at Bldg: 0
Parking Avail this Unit: 0

Building Info 

Auction Listing: N
Auction Terms of Sale Listing: N
Contract Vendee Listing: N

Utilities 

HVAC Tonnage:
Electric Phase: Three Phase
Amps:
Sewer Desc: Sewer
Water Desc:
Heating Fuel: Natural Gas
Heating Type: Heat Pump Air
Hotwater:
Waterfront Features:
View:
Green Features:

Broker Reception Info

There are no Broker Receptions scheduled for this Listing!
There are no Consumer Receptions scheduled for this Listing!

Compensation Offered on Sale 

Type of Comp to Coop Broker for Sale: Fixed Rate%
Comp Offered on Sale: 1.5%
Offers of compensation are for OneKey® MLS Participants only.
Agreement Type: Excl Agency
List Date: 2/13/2024
On Market Date: 2/14/2024
Exp Date: 2/13/2025
Original LP: $1,600,000
Prior LP:
List Price: $1,600,000
Original Lease Price:
Last Lease Price:
Lease Expiration Date:

Listing Office/Agent Info:

Real Estate Classic LLC (RLES01)
718-374-3700
Christian Orejuela
718-374-3700

Owner: Mighty Tower Group LLc

Occupancy Date:
Owner: Mighty Tower Group LLc
Seller Financing: N
Show Instr: 917-599-6454
Lockbox:
Neg Dir: