Updated Dec 20, 2023
Lisen Pan Acquires Industrial Property In Cypress Hills For $6.98M
3484 Fulton Street, Brooklyn, New York 11208, United States
$6,980,000
$186/SF
Building Size
37,450 SF
Asset Type
Commercial
Closing
Apr 6, 2022
About this deal
AI
The industrial property located at 3484 Fulton Street in Cypress Hills has been sold in a recent transaction. The property spans approximately 37,450 square feet and was sold for a price of $6,980,000. This translates to a price per square foot of $186. The buyer in the transaction was Lisen Pan, while the seller was Berger Family.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,980,000
- Address: 3484 Fulton Street, Cypress Hills
- Market: Cypress Hills
Lisen Pan was the buyer in this transaction, while Berger Family served as the seller. The deal involved the sale of an industrial property with a total area of 37,450 square feet. The transaction was completed at a price of $6,980,000, resulting in a price per square foot of $186.
Players
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Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93