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1213 Fulton Street, Brookly...

Vision Estate Holding & Kardan USA Acquire Development Site On Fulton St. For $6.325M
SOLDDevelopment Site

Vision Estate Holding & Kardan USA Acquire Development Site On Fulton St. For $6.325M

1213 Fulton Street, Brooklyn, NY 11216

$6,325,000

$274/SF

Building Size

23,085 SF

Asset Type

Development Site

Closing

Jan 31, 2019

AI

A development site located at 1209, 1211, and 1213 Fulton St. in Brooklyn has been sold for a price of $6.325M. The property, situated in the BK market, spans a total of 23,085 square feet with a price per buildable square foot (PPBSF) of $274. The transaction took place on 02/01/2019.

Summary of transation details

  • Property Type: Development site
  • Transaction Amount: $6.325M
  • Address: 1209, 1211, 1213 Fulton St.
  • Market: BK
  • BSF: 23,085
  • PPBSF: $274

The buyer of the property is Vision Estate Holding and Kardan USA, represented by Visiondevelopment, BaruchGuttman, and BenRibiat. The seller in this transaction is Maurice Hyancinthe. The brokers involved in the deal are William Grover and Dan Greenblatt, while Shaun Riney from Marcus & Millichap served as the listing broker.

Players

Daniel Greenblatt

Marcus & Millichap

Broker

$263.4M

vol

69 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.51%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93