Fulton Street & Buffalo Avenue

An 50’ wide four-unit three story corner mixed use building. The first floor has four stores, the second floor has two, two-bedroom apartments and the third floor also has two, two-bedroom apartments. The units are all free market, they have a full kitchen and bathroom along with a eating/living area. The boiler and water heater is gas, the apartments are individually metered for gas and electric. The utilities and the meters are in the basement. The roof is rubber with silver coating and in good condition. The property gets great sunlight and is located in an area with lots of development.

The property is a prime investment opportunity, with four stores on the ground floor and four free market units above the potential is tremendous. The stores do good because they get foot traffic from the A & C trains on Fulton & Utica Avenue. The apartments can get more income by renovating them. They will be in high demand because of the property’s proximity to transportation A & C trains and B46 bus. A bill board sign can be put up at the side of the building for more income.

The property is also a great development opportunity, a developer can build a 21,000 square foot building. This can be a ten story mixed-use building. The zoning allows commercial on the first and second floors and apartments above. The apartments can be rentals or condos. The City Of Yes program allows a 25,000 square foot building to be built. Please feel free to contact me for a full setup and tour. You can also click on this link for the setup/rent roll.