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2186 Fulton St 4 Unit Apartment Building $1,250,000 ($312,500/Unit) 9.50% Cap Rate Brooklyn, NY 11233
Executive Summary
2186 Fulton Street presents a compelling investment opportunity within Brooklyn’s Ocean Hill neighborhood. This 8-unit apartment building spans approximately 4,800 square feet across four stories and occupies a 0.05-acre lot. Delivered with two tenants in place and two units vacant, the property offers a strong value-add potential through renovations and reconfiguration. The unit mix comprises spacious residences, including recently modernized layouts featuring hardwood floors, stainless steel appliances, granite backsplashes, and recessed lighting.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,250,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $312,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 9.50% | Building Size | 4,800 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2019 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R6, C2-3 - Medium-density residential zoning allowing apartment buildings and some community uses. | ||
| Price | $1,250,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 9.50% |
| Sale Condition | Redevelopment Project |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 75% |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2019 |
| Opportunity Zone |
Yes |
| Zoning | R6, C2-3 - Medium-density residential zoning allowing apartment buildings and some community uses. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+5 | 4 | - | 4,800 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01552-0027 | Total Assessment | $440,550 (2025) |
| Land Assessment | $130,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $310,050 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
01552-0027
Land Assessment
$130,500 (2025)
Improvements Assessment
$310,050 (2025)
Total Assessment
$440,550 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026 Payable 2026
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2186 Fulton St
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