Thee stores/ Four 2-bedroom apartment, mixed use corner building for $4.250.000 on Fulton St, Brooklyn

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 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.

CAP RATE 7.1%
Lot Size: 50' x 100'
Stories: Three Plus Full Basement
Gross Square Feet: 6,950 appx
Air Rights: 14,050
Taxes: (24/25) $11,089.40